Government holds housing land sales steady amid supply-demand gap | / Property news / Government holds housing land sales steady amid supply-demand gap

Government holds housing land sales steady amid supply-demand gap

Fresh property news selection on December 04. 2019, Wednesday.

Today's news selection contains the latest real estate related stories. Do you own a real estate/property/finance blog or news site? Send the URL to so our editors can use them as sources.

The government is holding land supply for private homes steady for the first half of 2020, which should keep the residential market stable amid a big supply of unsold units. It said on Tuesday that it will keep the supply of private housing units on the confirmed list for the H12020 government land sales (GLS) programme broadly similar to that for H22019.

The Ministry of National Development (MND) said: "The government will continue to monitor the property market and adjust the supply for future GLS programmes as necessary."

The confirmed list for H12020 has three new sites on it - two private residential sites (including an executive condominium or EC site), and a commercial and residential site.

Jointly, they can yield about 1,775 private residential units (including 600 EC units) and 22,000 sq m of gross floor area (GFA) of commercial space.

In the confirmed list in H22019, 1,715 private residential units were made available.

The MND said the supply of private housing units in the pipeline "remains high", at around 39,000 units currently, although the number has fallen over the past few quarters.

Read the full article here »

Real estate related news stories from Singapore

Asian property news round up

Garage Storage Ideas

Previous news selection

Frasers' logistics and commercial Reits propose S$1.58b merger

About Daily Property News Selection's Daily Property News Selection brings you the most important property market news in and around Singapore. We list the best articles on real estate development, property investment and on the property listing market on a daily basis - whoever stays out, misses out.


If you also want to share an amazing article that you come across and it fits in the real estate / economy topics, just let it us know in e-mail. We don't guarantee to publish all, but we will some of them for sure. If you want us to bring out your own article, please contact us at Some references would also be highly welcome to send us from among your previous publications.


Are you looking for some online distribution channels? You find one. Haven't you found a place for your traditional means of advertisement, like PR article or display banner? You've never been so close, just e-mail us at and our colleague will get in touch with you.