Chart of the Day: Government keeps housing supply steady

Recently announced sites can yield a total of 14,200 residential units.

DBS Vickers noted:

The government has announced it will offer 15 confirmed list and 24 reserve list sites for sale in 2H12. These sites can yield a total 14,200 residential units (including 3,100 ECs), 388,000sm GFA of commercial space and 3,700 hotel rooms. Of this, 14 land parcels are new.

The Confirmed List comprises 4,000 private residential units, 3,100 ECs and 80,000sm GFA of commercial space, in line with what was on tap in 1H12. Most of the sites are in the Outside Central Region or Rest of Central Region, indicating that the proportion of mass and mid market housing will continue to be high.

About 57% of the new land parcels will supply housing in locations such as Sengkang, Punggol, Pasir Ris, Jurong West, Woodlands and Tampines. New plots at Commonwealth Ave and a mixed residential/commercial parcel in Yishun are also likely to draw good developers’ attention. To continue building momentum at the Jurong Gateway area, a new commercial site was added with a potential 67,200sm of GFA.