THE Government is not adding any new sites to its land sales programme for the first half of next year, given the continuing weak global economic outlook.
It is also offering less commercial space. And there will not be any new supply of private home units from Government agencies, outside of the land sales programme.
'The global economic outlook is likely to remain weak in 2009 and this would have an impact on Singapore's economy, including the property market,' said the Ministry of National Development in a statement on Thursday.
