The Government today announced the second half 2016 (2H2016) Government Land Sales (GLS) Programme, which comprises 4 Confirmed List sites and 11 Reserve List sites. These sites can yield up to 7,550 private residential units and 277,100 square metres (sqm) gross floor area (GFA) of commercial space (see Appendices 1 & 2 [PDF, 7kb]).
The Confirmed List comprises 3 private residential sites and 1 commercial & residential site which can yield about 2,170 private residential units and 15,500 sqm GFA of commercial space.
The Reserve List comprises 7 private residential sites [including 1 Executive Condominium (EC) site], 1 commercial & residential site, 2 commercial sites and 1 White site. These sites can yield about 5,380 private residential units (including 780 EC units) and 261,600 sqm GFA of commercial space, mostly for office use.
The sites in the 2H2016 Confirmed List are well distributed across Rest of Central Region and Outside Central Region.
The supply quantum of 2,170 units in the 2H2016 Confirmed List is higher than the 1,560 units in the 1H2016 Confirmed List. However, it is close to the total supply of 2,130 units from the 1H2016 GLS Programme which resulted from the trigger and sale of a Reserve List site in February 2016.
Overall, the total supply of 7,550 units in the 2H2016 GLS Programme is close to the 7,420 units in the 1H2016 GLS Programme.
The 15,500 sqm GFA of commercial space on the Confirmed List is mainly from the predominantly residential site at Upper Serangoon Road, and will provide retail amenities for the future live-in population at the Bidadari HDB estate.
The 2H2016 Reserve List includes 3 sites at Beach Road, Woodlands Square and Central Boulevard for mixed-use developments comprising mainly office space. These sites will allow developers to initiate the development of more office space if they assess that there is demand.
Please visit Minister's blog post 'Finding the Right Balance'.