Singapore Gov’t Land Sales Programme 1st half 2015

Singapore 04 Dec 2014
Singapore Gov’t Land Sales Programme 1st half 2015

Release of first half 2015 Government Land Sales (GLS) Programme

The Government today announced the first half 2015 (1H2015) GLS Programme, which will comprise 6 Confirmed List sites and 13 Reserve List sites. These sites can yield up to 8,770 private residential units, including 1,010 Executive Condominium (EC) units and 265,000 sqm gross floor area (GFA) of commercial space (see Appendices 12 [PDF, 12kb])

The Confirmed List contains 6 private residential sites (including 1 EC site) which can yield about 3,020 private residential units (including 490 EC units).

The Reserve List contains 9 private residential sites (including 1 EC site), 1 commercial & residential site, 2 commercial sites and 1 White site. These sites can yield about 5,750 private residential units and 265,000 sqm GFA of commercial space.

Supply from the GLS Programme, together with supply from projects in the pipeline, will be adequate to meet the demand for private housing and commercial space over the next few years.

Supply of Private Housing

The residential sites on the 1H2015 Confirmed List are located in Outside Central Region and Rest of Central Region.

The commercial & residential site at Holland Road, originally placed on the 2H2014 Confirmed List, is the first sale site to be launched as part of the Holland Village Extension plan unveiled in the Master Plan 2014. A Concept and Price Revenue Tender will be adopted for this site. This is to ensure that the site’s future development enhances the unique charm and distinctive urban village character of the Holland Village Identity Node. The site is transferred from the Confirmed List to the Reserve List to give developers more time to study the site and tender evaluation criteria before triggering it for sale.

Supply of Commercial Space

The Government is releasing a second commercial site in Woodlands Regional Centre at Woodlands Square for sale via the Reserve List of the 1H2015 GLS Programme. This will sustain the development momentum of Woodlands Regional Centre as a major commercial node outside the city, in line with the Government’s objective of decentralising employment centres to bring job opportunities closer to homes.

The 1H2015 Reserve List will have 2 other sites for predominantly office developments. The White site at Marina View and commercial site at Beach Road will be carried over from the 2H2014 Reserve List. Together with the Woodlands Square site, these sites will allow developers to initiate the development of more office space if they assess that there is demand.

Other Government Supply to be Made Available in 1H2015

Apart from the GLS Programme, the Government will also make available other supply of land and properties through its various agencies to meet economic or development objectives. These include localised retail facilities at parks, selected HDB estates, industrial estates, MRT stations, sport facilities, community centres and the leasing of vacant state properties for commercial uses.

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