Fifteen sites have been confirmed for the government land sales (GLS) programme for the second half of 2012, the Ministry of National Development (MND) said yesterday.
Together with another 24 sites on the reserve list, the listed sites will be able to yield about 14,200 private residential units, including 3,100 Executive Condominium (EC) units, 388, 000 sq m in gross floor area (GFA) of commerical space and 3,700 hotel rooms.
MND also said that as demand for private housing remains high, more than half of the 86,000 private housing units granted approvals in Q1 have been sold.
To meet the high demand,13 sites have been confirmed for the development of 7,100 private resident units.
Most of these sites, including six EC sites, are located in the more affordable Outside Central and Rest of Central regions.
14 out of 24 sites put on the reserve list are private residential sites and can yield a further 7,100 units. The remaining sites are expected to be developed into 308,000 sq m GFA of commercial space and 3,700 hotel rooms.
Of the commercial sites confirmed, one at Punggol Point will developed into a seaside dining venue as part of the overall plan to build a waterfront recreational hub there.