Singapore Real Estate Properties

S’pore Land sales programme for 1H08 draws good reviews

S’pore Land sales programme for 1H08 draws good reviews

Large supply of mass market homes but govt holds back on office sites
By UMA SHANKARI
THE government will release a batch of suburban residential land parcels in the first half of next year but property analysts are divided as to whether there will be enough takers for the homes coming up on the sites.
And on the back of reports that Singapore could see an oversupply of office space come 2010, the government is releasing just one site for office use in its confirmed list in its land sales programme for the first half of next year.

The 21 residential sites on the list will yield 8,250 private homes, including executive condos. This compares to a supply of 8,000 private homes for the second half of 2007.

Eight of these sites - with the capacity for 2,840 homes - are on the confirmed list. The other 13 sites are on the reserve list.

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