Under GLS Programme H1 2020
Over the last few months, three real estate projects have been added to the URA that confirmed three sites under GLS Programme H1 2020. The Singapore Bureau of Statistics has announced that another ten housing projects are in the pipeline.
This is a positive sign for developers since the timing of the announcement is very auspicious. Housing developers still need approvals from the local government in order to proceed with their projects, as well as from other relevant government agencies in the area.
During the announcement of the third real estate program, it was decided that these projects would be implemented in all three “sub-markets” which were identified prior to the program’s announcement. These sub-markets are namely Central Business District, Central Ring Road and Bukit Timah.
One of the most exciting parts of this announcement is that there will be two developments being planned for these buildings. One of these is being developed as one building along with another similar building and yet another one which will be a combination of the two.
After two more projects
When these two buildings are completed, they will create a unique unified concept for both the overall development and its surrounding areas. Developers are already preparing for this development which has already been approved by the authorities.
In order to ensure that no construction delays occur, each building will have a ground-breaking ceremony during which the entire building will be removed from the site. However, some residential units will not be demolished.
In view of the URA confirmed three sites under GLS Programme H1 2020, it has been decided that the project will be completed in three phases. Phase I is scheduled to be completed by the end of this year and Phase II is scheduled to be completed in early 2020.
The URA confirmed three sites under GLS Programme H1 2020 is yet another development that will help boost its economy. The development will also create jobs for Singaporeans and can help provide housing for them as well.
The Centre for Sustainable Real Estate (CSRE) was formed to study how GLS Programme H1 can further its objectives. Other important services that the organization offers include the GLS Land Exchange Programme.
In this program, GLS properties are put up for sale to real estate developers who wish to get their hands on these buildings and convert them into a new building. The success of this program can mean great things for the economy of this country.
According to the developers, this program is the next step in their plan to improve housing quality and affordability in the country. They see it as a way to provide affordable housing for Singaporeans, which can help improve the economy.
The program will continue to serve as a tool for new and established developers to get new projects approved and allow them to know what is expected from them. This will help them to plan and execute more efficiently so that their businesses will grow more.