PUBLISHED JUN 24, 2020, 11:00 AM SGT

SINGAPORE – The supply of private residential housing from confirmed sites under the government land sales (GLS) programme for the second half of 2020 has been reduced to take into account the fallout from the global Covid-19 situation, the Ministry of National Development (MND) announced on Wednesday morning (June 24).

The private home supply of 1,370 units from three confirmed list sites is 405 units or nearly 23 per cent less than the 1,775 units from such sites under the first half of 2020 GLS programme.

It is also the lowest number since the second half of 2009 during the global financial crisis when no confirmed list sites were released, said Christine Li, Cushman & Wakefield head of research for Singapore and Southeast Asia, adding that the move.

Interested about the existing Condo: Click Here.

Read more on: Clementi New Launch: Park Clematis (Former Park West)

SOURCE FROM STRAITS TIMES :

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