Friday, December 14, 2012

More private homes expected under govt land sales programme


SINGAPORE: Singapore will make available for sale sufficient land to build about 14,000 private homes in the first half of next year, the government said on Friday.

The Ministry of National Development (MND) said this as it unveiled the Government Land Sales Programme for the first half of 2013 (1H2013).

There will be 12 private residential sites, including five executive condominium (EC) sites, and one site for a mixed commercial and residential development on the Confirmed List.

These sites can yield about 6,900 private residential units, including 3,100 EC units and 33,000 square metre gross floor area (GFA) of commercial space.

MND said most of the private residential sites, including the five EC sites, are located in the suburban areas or in the city fringe where more affordable private housing is expected to be built.

In addition to the sites on the Confirmed List, MND said 19 sites will be available under the 1H2013 Reserve List.

These include 11 private residential sites, one commercial and residential site, two commercial sites, one "white" site and four hotel sites.

"White" sites are those which developers are allowed to decide on a mix of uses for the site and respective quantum of floor space for each use, as long as the total permissible GFA for the whole development is not exceeded.

Sites on the Reserve List can yield about 7,100 private residential units, 281,000 square metre GFA of commercial space and 1,740 hotel rooms.

In all, the programme is expected to yield about 14,000 private residential units, including 3,100 EC units.


Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C
Senior Sales Director
Email: marshe_inc@yahoo.com.sg
DTZ Debenham Tie Leung (SEA) Pte Ltd (L3006301G)

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