Debated in Parliament on 11 Nov 2013.
Mr Muhamad Faisal Bin Abdul Manap asked the Minister for National Development from 2008 to 2012 (a) out of the total land area designated for residential development, what is the percentage of land area that is designated for public housing and private condominiums respectively; and (b) what are the factors taken into consideration in determining the amount of land designated for the respective developments.
Between 2008 and 2012, URA granted planning approval for development of (a) non-landed private residential units on 385 hectares (or 53%) of land, and (b) public housing units on 338 hectares (or 47%) of land.
The Government allocates land to HDB for public housing developments and releases state land through the government land sales programme for private housing developments. Supply is calibrated based on the projected housing needs, buyer preferences and prevailing property market conditions. (The supply of land for private housing stated above includes land from private sources.)
Page: 185