Prudent approach to land sales

Although the residential market has been the star performer since the beginning of the year - before the latest property cooling measures were introduced - the Government saw no immediate need to inject additional residential supply through its half-yearly Government Land Sales (GLS) programme announced in the last week of June.

The Government may have considered that demand for residential land could slow, as many developers have already secured at least one site during the collective sale boom over the last 21/2 years.

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A version of this article appeared in the print edition of The Sunday Times on July 29, 2018, with the headline 'Prudent approach to land sales'. Print Edition | Subscribe