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Overview

URA Sales of Sites

The Singapore government releases land regularly through its land sales programme for private sector development. The release of land is intended to meet demand arising from:

-	economic growth; and
-	aspirations of Singaporeans to own private housing

Through its land sales programme, the government has achieved the following:

-	the development of special planning areas like Singapore River, Tanjong Rhu and China Square
-	successful conservation of historic districts like Chinatown and Little India and the preservation of national monuments like Raffles Hotel and CHIJMES
-	opportunities for individuals and small developers to participate in the development of landed housing through the sale of small sub-divided parcels of land (popularly known as "KewDrive" type of land sale)
-	the decentralisation of commercial space from the traditional city centre to regional centres like Tampines and fringe centres like Novena
-	help to keep property prices and rentals in check

URA acts as agent for the State in carrying out land sales for commercial, hotel, private residential and industrial developments. In addition, URA also sells sites for special uses eg, heavy vehicle parks, conservation shophouses and recreational developments.

Sites are usually sold on 99-year leases for commercial, hotel and private residential development whereas leases for industrial sites are usually for 60 years. The lease tenure for other types of sites vary depending on the uses.

The usual sale method is through public tender. However, small residential land parcels and conservation shophouses are also sold by public auction.