The potential supply is almost 6,000 units.
Savills reports that 12 major projects with over 100 units can be expected to be released on sites over the next six months.
These include the 726-unit condominium, The Glades, by Keppel Land and Vanke Group bought in October 2012, and the 580-unit EC, Sea Horizon, by Hao Yuan Investment Pte Ltd bought in November 2012, among others.
In addition, the freehold337-unit condominium, The Tembusu, near Kovan MRT Station is expected to be launched soon, while the 99-year DUO Residences with 660 units within an iconic mixed development located in the Downtown Core area is planned for release by year’s end.
Savills also said that the government also announced the second half of 2013 GLS programme, comprising ten residential sites, including five EC sites, on the Confirmed List.
This potential supply of almost 6,000 units (including 2,800 ECs) will be located mainly in the OCR and RCR.
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