27/06/2023
The 2H2023 Government Land Sales (GLS) Programme will contain eight development sites on the confirmed list, which can collectively yield about 5,160 new private residential units, including 560 executive condominium (EC) units.
The supply of private housing in the 2H2023 GLS Programme is 26% more than what had been offered under the 1H2023 GLS Programme, which contained 4,090 new private residential units. This means that the government would inject approximately 9,250 units for development for 2023, which it says is the highest level in a decade.
Two new residential development sites in the Springleaf area have also been featured. This neighbourhood has opened since the completion of the Thomson-East Coast Line last year. The confirmed list counts a 2.44ha site on Upper Thomson Road (Parcel A) that could yield 595 units and 21,520 sq ft of commercial space and a 3.2ha site on Upper Thomson Road (Parcel B) that could house 940 units.
Source: Edgeprop
Website:
https://www.edgeprop.sg/property-news/eight-confirmed-list-sites-yielding-5160-new-residential-units-highest-10-years
