Why It Matters

Prudent policy on land supply

The Government Land Sales (GLS) programme for the second half of this year reflects a prudent approach in ensuring sufficient supply to meet home buyers' demand without contributing to a glut when the homes are completed.

While its impact on developers' land bids is unclear, the programme will grant developers more options apart from what is currently available in the collective sales market.

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A version of this article appeared in the print edition of The Straits Times on June 30, 2018, with the headline 'Prudent policy on land supply'. Subscribe