Govt to offer slew of sites for homes
At least 8 and as many as 26 sites will be offered to developers early next year. -ST
Joyce Teo
Sat, Nov 07, 2009
The Straits Times
THE Government acted ahead of schedule yesterday in following through on its pledge to release plenty of land sites to meet strong demand for mass market homes outside the city centre.
In the first half of next year, at least eight residential sites - and as many as 26 sites - will be offered to developers.
The move is being seen as a bid to allay fears of a shortage of these homes - often bought by HDB upgraders - which may have sent prices surging.
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