Govt cuts private housing supply from confirmed land sale sites due to Covid-19 fallout: The Straits Times

There are only three confirmed sites for Government Land Sales (GLS) programme for the 2nd half of this year. The private residential supply from these three sites will yield 1370 units down from 1775 in the 1st half of the year. The total potential private residential supply comes up to 6670 units if we add in the 5300 units from those listed under the eight reserve sites. This is still more than the 6490 units under those listed on the first half of GLS programme. Residential supply needs to be carefully calibrated to avoid medium to long term under supply.

Source: https://www.straitstimes.com/business/property/govt-cuts-private-housing-supply-from-confirmed-land-sale-sites-due-to-covid-19

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