Govt Cuts Private Housing Supply From Confirmed Land Sale Sites Due To Covid-19 Fallout

Source: https://www.straitstimes.com/business/property/govt-cuts-private-housing-supply-from-confirmed-land-sale-sites-due-to-covid-19

Due to the Coronavirus pandemic, government land sales from confirmed land sites for private residential housing has been cut in the second half of this year.  There had been a 23% reduction in the residential supply in second half to 1370 units from three confirmed sites as compared to 1775units in the first half of 2020.  This is also the lowest number since the global financial crisis, during the 2nd half of 2009.

 

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