A site on the Reserve List System will be put up for sale if a developer's indicated minimum price in his application is acceptable to the Government.
The Government will also consider launching a Reserve List site for sale if it has received sufficient market interest for the site. This is when more than one unrelated party has submitted a minimum price that is close to the Government's Reserve Price, within a reasonable period.
If you are applying to the Government for a Reserve List site to be put up for tender, you need to:
The completed form must be enclosed in a sealed envelope with a label as shown obtained from the eDeveloper’s Packet and delivered in person to the relevant officer for the sale site.
We would appreciate it if you can contact the officers of the respective sale sites to schedule an appointment for your submission of application for Reserve List sites (please see below).
Woodlands Avenue 2 - Ms Maple Ee (Tel: 6329 3586 or email: Maple_EE@ura.gov.sg)
River Valley Road - Ms Gillian How (Tel: 6329 3499 or email: Gillian_HOW@ura.gov.sg)
Lentor Gardens - Ms Wu Jing Hui (Tel: 6329 3265 or email: WU_Jing_Hui@ura.gov.sg)
Punggol Walk - Ms Wu Jing Hui (Tel: 6329 3265 or email: WU_Jing_Hui@ura.gov.sg)
Marina Gardens Crescent - Ms Png Sim Nee (Tel: 6321 6592 or email: PNG_Sim_Nee@ura.gov.sg)
River Valley Green (Parcel B) - Ms Gillian How (Tel: 6329 3499 or email: Gillian_HOW@ura.gov.sg)
You will not be required to pay any application fees and will be informed of the outcome of the application as soon as possible.
The application will be accepted if:
Upon acceptance of the application, within a period of 2 weeks, you must:
If you fail to do so, the acceptance of the application will lapse and no further action will be taken on the application.
After you have executed the agreement for tender and furnish the deposit, the successful activation of the site will be announced publicly. However, the identity of the applicant will not be disclosed to the public.
You should make an application only if you have a serious intent to trigger a site for sale.
If your application is successful, but you fail (for reasons that are unacceptable to the Government) to execute the agreement and pay the deposit within 2 weeks or any extended time that was given, additional requirements will be imposed in your future applications for a Reserve List site.
If the applicant is a partnership or company, future applications by this partner or director, depending on the case, will also have to satisfy additional conditions.
URA will usually launch the site for sale within 2 weeks from the date of signing the agreement.
Most sites have a tender period of 4 weeks, i.e. tender will close 4 weeks after the launch. Exceptions will be made for large and complicated sites, which will have a longer tender period.
Under the agreement, the deposit will be forfeited, if you:
The successful applicant may submit a tender price higher than the minimum price in the tender.
You can use the deposit for the agreement as part payment of the tender deposit. This is also applicable even if the tender is submitted jointly with another party. Your deposit will be refunded if you bid in accordance with the agreement, but are not the highest bidder in the tender.