Govt to launch more residential sites in Feb-April

The government will release five residential sites for sale by public tender between this month and April under the Government Land Sales (GLS) programme for the first half of the year.

The Urban Redevelopment Authority (URA) said that apart from the five confirmed residential sites, another 18 residential sites are on the reserve list.

It added that the land from the confirmed and reserve lists are expected to supply a total of 10,550 housing units, the highest in the history of the programme.

URA said the government has more sites in the pipeline to cater for any surge in demand for private housing and to keep private property prices in line.

The latest to be put up for tender is a 3.2-hectare residential site at the junction of Tampines Avenue 1 and Avenue 10.

Source : Channel NewsAsia – 2 Feb 2010

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