Govt rolls out more land for record number of homes

The government will roll out a bumper supply of land for new residential projects next year.

According to the Straits Times, 31 sites have been lined up for development of private homes, with 17 on the confirmed list.

This means two sites are expected to be released every month in the first half of next year.

The new sites on the confirmed list are mostly in suburban areas such as Punggol, Woodlands and Pasir Ris.
The Ministry of National Development said at least 14,310 new homes could be built, if all plots of land are taken up by developers.
The Straits Times also reported that prime land in the Marina Bay area may be released only in 2013.

Fri, Nov 26, 2010
AsiaOne