Written answer by Ministry of National Development on cost of land reclamation project and proceeds from sale of reclaimed land

Jan 10, 2024

Question by: Ms Hazel Poa

To ask the Minister for National Development since 2000 (a) what is the total cost incurred by land reclamation projects and the total area reclaimed; and (b) of the reclaimed land that had since been sold via Government Land Sales, what is the (i) total area (ii) original costs incurred and (iii) land sales proceeds.

Answer:

1       Around 74.5 square kilometres of land has been reclaimed from 2000 to June 2023. Since 2000, the cost of land reclamation projects has been charged to Past Reserves, and the total cost of land reclamation projects completed during this period is around $13 billion. About 0.5 square kilometres of these reclaimed land have since been sold via Government Land Sales, and the proceeds are around $462 million. As reclaimed land forms part of our Past Reserves, the proceeds from the sale of reclaimed land accrue back to the Past Reserves.