Latest news with #ECs
Business Times
13-06-2025
- Business
- Business Times
MND to release land on confirmed list for 4,725 private housing units in H2 2025, down 6% from 5,030 units in H1
[SINGAPORE] The Ministry of National Development (MND) on Friday (Jun 13 ) said that it will release land on the confirmed list for about 4,725 private housing units in the second half-year, a drop of 6 per cent from the 5,030 units' land supply in the first half of 2025. The above figures include an executive condominium (EC) supply of 990 units in H2, compared with 980 EC units in the current half's government land sales (GLS) programme. ECs are a public-private housing hybrid, with initial buyer eligibility and resale restrictions that are completely lifted 10 years after an EC project has been completed. Confirmed-list sites are launched for sale according to schedule, regardless of demand. However, MND is upping the supply on the reserve list, where sites are launched for sale only upon successful application by a developer, or when there is sufficient market interest. In H2, it will offer land that can potentially generate about 4,475 private homes (with no EC supply). This is 29 per cent higher than the supply in the current half-year's reserve list, where the government offered land that can potentially generate about 3,475 private homes (none of which is an EC unit). A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up Overall, the 10 confirmed-list sites and 12 reserve-list sites for the H2 2025 programme are expected to yield around 9,200 private residential units (including EC units),178,315 square metres (sq m) gross floor area (GFA) of commercial space, and 880 hotel rooms, added the ministry. This compares with the 8,505 private housing units (including EC units), 242,900 sq m GFA of commercial space, and 530 hotel rooms that can be generated on the confirmed and reserve lists for H1. 'Robust pipeline' 'With the supply injection from the confirmed list in H2 2025, the total private housing supply to be launched in 2025 will be about 9,800 units,' MND said. This will bring the total pipeline supply of private housing (including EC) units to about 56,700 units. The figure comprises about 40,700 units with planning approval as well as about 16,000 units from GLS sites and awarded private-sector en bloc sale sites that have yet to be granted planning approval. 'This robust pipeline of private residential units will help to meet the medium-term housing needs of Singapore's population,' the ministry added. 'The supply consists of a good spread of sites across various geographical locations, supporting the development of both conventional private residential units and long-stay serviced apartments, to cater to both owner-occupation and rental housing demand.' MND noted that 'with the progressive ramp-up of private housing supply via the GLS programme over the last three years, property price momentum in the private residential market has moderated'. It highlighted that the total EC supply via the confirmed list for the whole of this year will be about 2,000 units, 'the highest in a single year since 2014'. The EC supply in the H2 confirmed list will help bolster the inventory of EC units available for sale. As at end-April, there were about 2,900 EC units available for sale, including units from GLS sites launched in H1 that have yet to be awarded. 'With the 990 EC units from the H2 2025 confirmed list, there will be a total of close to 3,900 EC units in the supply pipeline available for sale in the near term,' said MND. 'The government will continue to closely monitor economic and property market conditions, and, when necessary, we are ready to increase both public and private housing supply,' it added.
Business Times
13-06-2025
- Business
- Business Times
MND to release land on confirmed list for 4,725 private housing units in H2 2025, down from 5,030 units in H1
[SINGAPORE] The Ministry of National Development (MND) on Friday (Jun 13 ) said that it will release land for about 4,725 private housing units in the second half-year, down from H1 2025's land supply from the confirmed list for 5,030 units. The above figures include an executive condominium (EC) supply of 990 units in H2, compared with 980 EC units in the current half's government land sales (GLS) programme. ECs are a public-private housing hybrid, with initial buyer eligibility and resale restrictions that are completely lifted 10 years after an EC project has been completed. Confirmed-list sites are launched for sale according to schedule, regardless of demand. Regarding the reserve list – where sites are launched for sale only upon successful application by a developer, or when there is sufficient market interest – MND will offer land that can potentially generate about 4,475 private homes (with no EC supply) in H2. In comparison, for the current half's reserve list, the government offered land that can potentially generate about 3,475 private homes (none of which is an EC unit). Overall, the 10 confirmed-list sites and 12 reserve-list sites for the H2 2025 programme are expected to yield around 9,200 private residential units (including EC units),178,315 square metres (sq m) gross floor area (GFA) of commercial space, and 880 hotel rooms, added MND. This compares with the 8,505 private housing units (including EC units), 242,900 sq m GFA of commercial space, and 530 hotel rooms that can be generated on the confirmed and reserve lists for H1.
Business Times
13-06-2025
- Business
- Business Times
MND to release land for 4,725 private housing units in H2 2025 on confirmed list, down from 5,030 units in H1
[SINGAPORE] The Ministry of National Development (MND) on Friday (Jun 13 ) said that it will release land for about 4,725 private housing units in the next half-year, down from the 5,030 units' land supply for the H1 2025 confirmed list. The above figures include executive condominium (EC) supply of 990 units in H2 2025, compared with 980 EC units in the current half's government land sales (GLS) programme. ECs are a public-private housing hybrid, with initial buyer eligibility and resale restrictions that are completely lifted 10 years after an EC project has been completed. Confirmed list sites are launched for sale according to schedule, regardless of demand. On the reserve list – where sites are launched for sale only upon successful application by a developer, or when there is sufficient market interest – MND will offer land that can potentially generate about 4,475 private homes (with no EC supply) in H2 2025. In comparison, for the current half's reserve list, the government offered land that can potentially generate about 3,475 private homes (none of which is an EC unit). Overall, the 10 confirmed-list sites and 12 reserve-list sites for the H2 2025 programme are expected to yield around 9,200 private residential units (including EC units),178,315 square metres gross floor (GFA) of commercial space and 880 hotel rooms, said MND. This compares with the 8,505 private housing units (including EC units) and 242,900 sq m GFA of commercial space, and 530 hotel rooms that can be generated on the confirmed and reserve lists for H1 2025.
The Hindu
06-06-2025
- Business
- The Hindu
Seminar on Environmental Clearance Requirements and Compliance
Hubert Enviro Care Systems (HECS), in association with CREDAI Chennai, organised a seminar on Environmental Clearance Requirements and Compliance. Mohammed Ali, Managing Director of South India Shelters and President of CREDAI Chennai, highlighted about the bottlenecks faced in securing Environmental Clearances (ECs) for construction projects. He pointed out the potential implications of the recent Supreme Court judgment on the sector, calling for greater clarity, streamlined procedures, and proactive stakeholder engagement. J.R. Moses, CEO of HECS emphasized the critical need to understand and adapt to the evolving legal landscape, according to a statement. Balasubramaniam, Professor of Chemical Engineering at Anna University and Member of the State Disaster Management Committee, spoke about waste management, emphasising the intersection of science and policy. He called for an integrated approach to turn environmental challenges into sustainable development strategies.
Hans India
30-05-2025
- Politics
- Hans India
ECI plans to redefine voting with major initiatives
New Delhi: In a sweeping drive to strengthen electoral management and improve voter facilitation, the Election Commission of India (ECI) has rolled out 21 major initiatives over the past 100 days. The reforms, introduced under the leadership of the 26th Chief Election Commissioner (CEC) Gyanesh Kumar, showcase a big strategic push for several areas. These include procedural clarity, technological integration, and stakeholder inclusivity in the electoral process, say EC sources. These steps were charted out during the Conference of Chief Electoral Officers (CEOs) held in March 2025. Election Commissioners (ECs) Dr Sukhbir Singh Sandhu and Dr Vivek Joshi were also present on that occasion. The initiatives represent a 'purposeful, pragmatic, and proactive' approach in the first 100 days of the new CEC's tenure, added the sources. One of the key measures includes reducing the maximum number of voters per polling station from 1,500 to 1,200. The purpose is to reduce congestion and ensure a smoother voting experience. To further improve access, additional polling booths will be established in densely populated areas, particularly in gated communities and high-rise buildings, so that no voter has to travel more than 2 km to cast their vote.
