http://www.straitstimes.com/Breaking...ry_572642.html
Aug 30, 2010
Govt assures 'adequate' supply
A STATEMENT released by the Ministry of National Development (MND) on Monday said that the Government will continue to ensure that there is adequate supply of housing to meet demand.
In the second half 2010 Government Land Sales (GLS) Programme, the MND have made available sites that can yield about 13,900 private housing units, of which about 8,100 units will be from sites on the Confirmed List.
This is the highest potential supply quantum in the history of the GLS Programme. Depending on the demand, an even larger supply of private housing may be injected in the first half 2011 GLS Programme.
There are also 61,800 uncompleted units of private housing from projects in the pipeline as of the second quarter of 2010. Of these, 32,600 units were available or could be made available for sale.
These comprised units that had been launched for sale by developers, units that had pre-requisite conditions for sale10 and which could be launched for sale immediately, as well as units with planning approvals for which pre-requisite conditions for sale could be obtained quickly from the Government and made available for sale.
The Government will continue to monitor the property market closely and will introduce additional measures if required later, to promote a stable and sustainable property market.