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Release of first half 2018 Government Land Sales (GLS) Programme

  Published: 13 December 2017

The Government today announced the first half 2018 (1H2018) Government Land Sales (GLS) Programme, which comprises six Confirmed List sites and nine Reserve List sites. These sites can yield about 8,045 private residential units and 63,960 sqm gross floor area (GFA) of commercial space (see Appendix 1 & Appendix 2 [PDF, 7kb]). 

The six Confirmed List sites are private residential sites [including one Executive Condominium (EC) site] which can yield 2,775 private dwelling units (including 450 EC units) and 4,450 sqm GFA of commercial space. 

The Reserve List comprises eight private residential sites (including two EC sites) and one commercial site. These sites can yield 5,270 private dwelling units (including 1,255 EC units) and 59,510 sqm GFA of commercial space, mostly for office use.

Supply of Private Housing

   
In working out the supply for the 1H2018 GLS Programme, the Government had taken into consideration several factors. 

On the one hand, there is strong demand for sites by real estate developers, and a pick-up in transaction volumes. On the other hand, there is a large potential supply of around 20,000 units from awarded en-bloc sale and GLS sites that have not yet been granted planning approval, on top of the around 18,000 unsold units that already have planning approval. Moreover, there are more than 30,000 existing private housing units that remain vacant.   

Therefore, on balance, the Government has decided to keep the total supply of units for 1H2018 at about the same level as the supply of units from the 2H2017 GLS Programme. 

Taken together, the total supply in the pipeline, including the units from the 1H2018 GLS Programme, will be adequate to meet the purchase demand for new private housing from home buyers over the next 1-2 years. When these are completed, the overall stock of private housing will be more than sufficient to meet Singaporeans’ housing needs. 

Supply of Commercial Space

 
The 1H2018 Reserve List will have one site at Woodlands Square for a mixed-use development comprising mainly office space. This site will allow developers to initiate the development of more office space if they assess that there is demand.

 

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