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Govt cuts private housing supply from confirmed land sale sites due to Covid-19 fallout

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 3 confirmed list sites is 405 units or nearly 23% less than the 1,775 units from such sites under the first half of 2020 GLS programme.

– 24 June 2020

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

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