The Urban Redevelopment Authority (URA) has released two residential sites1 at River Valley Green for sale today under the first half 2024 (1H2024) Government Land Sales (GLS) Programme. The site at River Valley Green (Parcel A) is launched for sale under the Confirmed List and can potentially yield 380 residential units. The site at River Valley Green (Parcel B) is available for application under the Reserve List and can potentially yield 580 units [including long-stay Serviced Apartments (SA2)2]. Together, these two sites can potentially yield 960 residential units (including SA2 units). These form part of the 5,450 residential units to be made available via the Confirmed List of the 1H2024 GLS programme. To cater to demand, the Government has increased the Confirmed List supply of private housing in the GLS programme to 5,450 units in 1H2024, from 4,090 units in 1H2023 and 5,160 units in 2H2023. This is the highest supply on the Confirmed List in a single GLS Programme since the 2H2013 GLS Programme. Details on the land parcels can be found in Annex 1 [PDF, 37kb].
Other Details
The tender for River Valley Green (Parcel A) will close at 12 noon on 19 June 2024. More information on the land parcel is available on the URA website at: https://www.ura.gov.sg/sitesfortender. eDeveloper’s Packets containing details and conditions of tender for the above two sites are available for sale at https://digitalservice.ura.gov.sg/one-stop-developer-portal/.
1 River Valley Green (Parcel A) is zoned Residential and River Valley Green (Parcel B) is zoned Residential with Commercial at 1st Storey (see Annex 1 [PDF, 37kb]).
2 Long-stay Serviced Apartments (SA2) will be subject to a longer minimum stay duration of 3 months. More information on the planning guidelines for long-stay Serviced Apartments is available via the circular issued by URA dated 4 December 2023 – “https://www.ura.gov.sg/Corporate/Guidelines/Development-Control/Residential/Flats-Condominiums/Serviced-Apartments-SA2”