The Government has kept largely unchanged the amount of private residential housing under GLS programme for the first half of 2020, in view of the supply overhang and as developers’ bids for land moderated after property cooling measures. “The Government will continue to monitor the property market closely and adjust the supply for future GLS programmes, as necessary,” MND said on Tues morning. The new supply consists of three confirmed list sites and eight reserve list sites that can yield about 6,490 private homes, 114,000 sqm GFA of commercial space and 1,070 hotel rooms. The private home supply of 1,775 units from the confirmed list sites is 60 units or 3.5 per cent more than the 1,715 units from the same type of sites under the GLS programme for the second half of 2019. The three confirmed list comprises two private residential sites – including one EC site in Yishun – and one commercial and residential site in Jalan Anak Bukit in Bukit Timah which can yield about 1,775 private homes (including 600 EC units) and 22,000 sqm GFA of commercial space.... Continue Reading