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Fewer government land sites up for sale in the first half of 2014

Published on Dec 18, 2013 10:49 AM
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The Ministry of National Development (MND) said on Wednesday it will sell land in the first half of next year that can yield 11,600 homes. -- ST FILE PHOTO: MARK CHEONG

While no one knows when the US Federal Reserve will start dialing down its bond-buying programme, the tapering off has begun for Singapore's residential land supply.

The Ministry of National Development (MND) said on Wednesday it will sell land in the first half of next year that can yield 11,600 homes.

This is 18 per cent lower than the 14,155 units that had been earmarked for the second half of this year.

The upcoming supply is also significantly lower than the 14,035 units planned for the first half of this year.

 
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