Release of First Half 2017 Government Land Sales (GLS) Programme
Dec 16, 2016
Release of First Half 2017 Government Land Sales (GLS) Programme
1. The Government today announced the first half 2017 (1H2017) Government Land Sales (GLS) Programme, which comprises five Confirmed List sites and ten Reserve List sites. These sites
can yield up to 7,465 private residential units and 158,080 sqm gross floor area (GFA) of commercial space (see Appendices 1 & 2).
2. The Confirmed List comprises five private residential sites which can yield 2,330 private residential units. This is higher than the supply of 2,170 units from the 2H2016
Confirmed List.
3. The Reserve List comprises seven private residential sites [including one Executive Condominium (EC) site], one commercial & residential site and two commercial sites. These
sites can yield 5,135 private residential units (including 775 EC units) and 158,080 sqm GFA of commercial space, mostly for office use.
Supply of Private Housing
4. The sites in the 1H2017 Confirmed List are distributed across Rest of Central Region and Outside Central Region, and in various planning areas.
5. The supply of 2,330 units from the Confirmed List is higher than the 2,170 units from the 2H2016 Confirmed List, but closer to the 2,445 units from the 2H2016 GLS Programme
which resulted from the trigger and sale of a Reserve List site in December 2016.
6. The supply of 5,135 units from the Reserve List is similar to the 5,375 units from the 2H2016 Reserve List.
7 Overall, the total supply of 7,465 units from the 1H2017 GLS Programme is comparable to the supply of 7,545 units from the 2H2016 GLS Programme.
8 The demand for new housing from prospective home-buyers has remained healthy in 2016. The continued supply of residential sites through the GLS Programme will ensure that there
is a steady pipeline of new private housing units to meet the needs of our resident population.
Supply of Commercial Space
9 The 1H2017 Reserve List includes two sites at Beach Road and Woodlands Square for mixed-use developments comprising mainly office space. These sites will allow developers to
initiate the development of more office space if they assess there is demand.
Appendix 1
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PROPOSED RESIDENTIAL, COMMERCIAL AND HOTEL SITES FOR 1H2017 GLS PROGRAMME
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(1) The actual number of housing units, hotel rooms and commercial space could be different from the estimated quantum depending on the actual
plans of the developers in terms of mix of uses and the size of the housing units and hotel rooms.
(2) Site is imposed with DU cap of 327 units
(3) New sites introduced in 1H2017
(4) Site is imposed with a DU cap of 116 units
(5) Refers to the estimated date the detailed conditions of sale will be available and applications can be submitted.
(6) Site is imposed with a retail cap of 500 sqm GFA
(7) Site is imposed with a DU cap of 570 units and a retail cap of 6,800 sqsm GFA
(8) Site is imposed with a retail cap of 3,000 sqm GFA
(9) Site is imposed with a retail cap of 8,000 sqm GFA
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Appendix 2
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Status of the GLS Programme for the Second Half of 2016
(as at 16 December 2016)
1. The second half of 2016 (2H2016) GLS Programme comprised 15 sites, of which 4 are on the Confirmed List and 11 are on the Reserve List.
2. To date, tenders for 1 Confirmed List site has been awarded and 2 Confirmed List sites have been launched for sale. The tender for the remaining Confirmed List site will be
launched in later part of December 2016 and completed by April 2017.
3. The Reserve List sites at Central Boulevard and Margaret Drive have been successfully triggered and sold.
4. As a result, a total of 9 sites [i.e. 6 residential sites (including 1 EC site), 1 commercial & residential site and 2 commercial sites] remain on the 2H2016 Reserve List and
will be carried over to the first half 2017 (1H2017) GLS Programme.