04/12/2020
DEVELOPERS are getting a much-needed boost to their land inventory with an increase in the supply of residential units for the first-half 2021 government land sales (GLS) programme.
This comes as the supply of dwelling units has risen by 17.2 per cent for confirmed list sites in the latest GLS programme announced by the Ministry of National Development (MND) on Thursday morning. (see Amendment note)
Huttons Asia’s director of research Lee Sze Teck said this marks the first significant increase in the supply of units since the second half of 2017. He added that the increase in supply is a response to healthy demand in the market.
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THE government has raised the supply of dwelling units by 17.2 per cent for the first-half 2021 government land sales (GLS) programme, the Ministry of National Development (MND) said on Thursday morning. Read more at The Business Times.