Government has identified three confirmed list sites and eight reserve list sites for first half of 2020 government land sales (GLS) programme. Collectively, these sites can supply 6,490 private residential units, 1,070 hotel rooms and 114,000 sqm gross floor area (GFA) of commercial space. However, the majority of the projected supply will be from the reserve list.
It is noted that the supply of new private homes in the pipeline remain high, at about 39,000 units. Hence, government will be maintaining the supply of private residential units on the confirmed list at almost the same level as 2H2019 GLS.
The three sites on the confirmed list are
– Private residential site at Tanah Merah Kechil Link – near to Tanah Merah MRT station and able to supply 310 residential units
– Executive Condominium (EC) site at Yishun – 600 EC units
– Residential and commercial site in Jalan Anak Bukit – close proximity to Beauty World MRT station, 865 private homes and 20,000 sqm GFA of commercial space
Analyst expects the site in Tanah Merah Kechil Link to be more favored by the developers, as the size is not too large and is close to MRT. The site at Jalan Anak Bukit, however, will most likely attract developers with deep pockets.
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