4 Confirmed List sites launched for sale, could yield 2,130 private homes

SINGAPORE: The Ministry of National Development (MND) said on Thursday (Jun 11) that it has launched four Confirmed List sites and 13 Reserve List sites under the Government Land Sales (GLS) programme for the second half of 2015.

The Confirmed List sites comprise three private residential sites at Alexandra View, Clementi Avenue 1 and Siglap Road, and an Executive Condominium (EC) site at Yio Chu Kang Road.

Together, the four sites will provide 2,130 private residential units, including 520 EC units, the press release said. This is a third lower than the 3,020 units offered in the first half of the year under the land sales programme, and the 3,915 units in the second half of 2014.

Confirmed List sites go on sale regardless of interest from developers, while Reserve List sites are triggered for a public tender only if a developer makes an acceptable opening offer.

Sourced through Scoop.it from: www.channelnewsasia.com

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