Govt Cuts Private Housing Supply From Confirmed Land Sale Sites Due to Covid-19 Fallout

Source: https://www.straitstimes.com/business/property/govt-cuts-private-housing-supply-from-confirmed-land-sale-sites-due-to-covid-19

Although there is a 23% reduction in the number of confirmed units under the 2nd half of Government Land Sales (GLS) programme to 1370 units, the total combined units taking into consideration those on the reserve sites adds up to 6670units.  This is still more than the 6490 units under the 1st half of the Government Land Sales (GLS) programme.  Government is putting bulk of the supply on reserve list so that they can react swiftly in the event of a V-shaped recovery in the residential property sector.

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