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The Government will defer the
sale of sites for 2,000 units, scheduled for the
first half of 1998. It plans to release a total
of 2,500 units for private residential development
in the second half of 1998. We will continue to
monitor the regional and domestic situation, and
if necessary, adjust the land sales programme
again.
The policy to release sufficient
land over the medium term to meet Singaporeans
aspirations to own private properties is unchanged.
The Government will resume selling a steady supply
of land when the market recovers. |
