The Government released on Thurs GLS programme for the first half of 2021, with sites capable of yielding about 7,045 private residential units, 101,200 sqm of GFA of commercial space and 1,070 hotel rooms available. Four sites in this GLS programme are new: Two parcels at Slim Barracks Rise in one-north are on the Confirmed List, while one at Jalan Tembusu, off Mountbatten Road, and another at Tampines St 62 are on the Reserve List. The other nine sites – made up of five residential sites, three mixed-use White sites and one hotel site – have been carried over from the Reserve List in the second half of this year. This GLS programme comprises a total of 13 sites, of which four are on the Confirmed List and nine are on the Reserve List. “The land supply from the 1H2021 GLS Programme has been carefully calibrated to take into account the COVID-19 and macroeconomic situation,” MND said. “Nonetheless, there is a good selection of sites with additional supply in the Reserve List that developers can initiate for development if they assess that there is demand.”... Continue Reading