Govt cuts private housing supply from confirmed land sale sites due to Covid-19 fallout

Government streamlined supply of land to control the property market as due to the covid-19 situation, it will gradually take some time for developers to offload the existing housing stocks. There will be new plot of 99-years’ leasehold land along Hillview Rise to be released for sale under the Government Land Sale (GLS) programme. Mont Botanik Residence is left with last few units of 3+study for sale and with its functional and spacious layout, we would expect to see high take up rate with the new release of leasehold land for sale under the GLS programme.

Source: The Straits Times

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