Release of Second Half 2018 Government Land Sales (GLS) Programme

Jun 27, 2018

Release of Second Half 2018 Government Land Sales (GLS) Programme

1. The Government today announced the second half 2018 (2H2018) Government Land Sales (GLS) Programme, which comprises six Confirmed List sites and nine Reserve List sites. These sites can yield up to 8,040 private residential units, 124,200 sqm gross floor area (GFA) of commercial space and 930 hotel rooms (see Appendices 1 & 2).

2. The six Confirmed List sites comprise four private residential sites [including one Executive Condominium (EC) site], one White site and one Hotel site which can yield 2,705 private residential units (including 695 EC units), 42,200 sqm GFA of commercial space and 390 hotel rooms.

3. The Reserve List comprises seven private residential sites (including one EC site) and two White sites. These sites can yield 5,335 private residential units (including 515 EC units), 82,000 sqm GFA of commercial space and 540 hotel rooms.

Supply of Private Housing

4. There is a healthy supply of private housing in the pipeline. We expect around 20,000 units¹ from GLS and en-bloc sale sites that are pending planning approval, on top of the 24,000 unsold units from projects with planning approval. In addition, more than 30,000 existing private housing units remain vacant.

5. Nevertheless, there continues to be strong demand for land from developers. Transaction volumes are also rising. Hence, the Government has decided to keep the total supply of units for the 2H2018 GLS Programme at about the same level as the supply from the 1H2018 GLS Programme.

6. Taken together, the total supply in the pipeline will be able to meet home buyers’ demand over the next 1 to 2 years, and to meet our population’s housing needs.

7. The Government will continue to monitor the property market closely and adjust the supply from future GLS Programmes, when necessary.

Supply of Commercial Space

8. The Government is releasing a White site at Woodlands Square / Woodlands Avenue 2 on the Reserve List of the 2H2018 GLS Programme. This site will help to 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.

Supply of Hotel Rooms

9. In 2017, Singapore registered a growth of 6.2% in International Visitor Arrivals to welcome 17.4 million visitors. With the favourable global economic outlook, the Singapore Tourism Board is optimistic about tourism prospects for Singapore in the next few years. The Government is releasing two new sites that can supply new hotel rooms at Club Street and Marina View via the 2H2018 GLS Programme. These sites will allow developers to provide additional hotel rooms to meet the expected growth in demand.

¹ These are from awarded GLS and en-bloc sale sites, as well as Confirmed List GLS sites that have not been awarded yet.

Appendix 1
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PROPOSED RESIDENTIAL, COMMERCIAL AND HOTEL SITES FOR 1H2018 GLS PROGRAMME

S/N	Location	Site Area (ha)	Proposed GPR	Estimated No. of DUs ⁽¹⁾	Estimated No. of Hotel Rooms	Estimated Commercial Space (m²)	Estimated Launch Date	Sales Agent
Confirmed List
Residential Sites
1	Kampong Java Road ⁽²⁾	1.16	2.8	435	0	0	Oct-18	URA
2	Tampines Avenue 10 (EC) ⁽³⁾	2.49	2.8	695	0	0	Oct-18	HDB
3	Sims Drive	1.62	3.0	650	0	0	Nov-18	URA
4	Middle Road ⁽²⁾⁽⁴⁾	0.78	4.2	390	0	1,500	Nov-18	URA
White Sites
5	Pasir Ris Central ⁽²⁾⁽⁵⁾	3.82	2.5	535	0	35,900	Aug-18	HDB
Hotel Sites
6	Club Street ⁽²⁾⁽⁶⁾	0.51	4.2	0	390	4,800	Sep-18	URA
	Total (Confirmed List)			2,705	390	42,200

S/N	Location	Site Area (ha)	Proposed GPR	Estimated No. of DUs ⁽¹⁾	Estimated No. of Hotel Rooms	Estimated Commercial Space (m²)	Estimated Available Date ⁽⁷⁾	Sales Agent
Reserve List
Residential Sites
1	Bartley Road / Jalan Bunga Rampai ⁽⁸⁾	0.47	2.1	115	0	0	Available	URA
2	Yishun Avenue 9	2.15	2.8	805	0	0	Available	URA
3	Canberra Drive	4.09	1.4	765	0	0	Available	URA
4	Clementi Avenue 1 ⁽⁹⁾	1.65	3.5	640	0	0	Jun-18	URA
5	Anchorvale Crescent (EC) ⁽¹⁰⁾	1.71	3.0	515	0	0	Jun-18	HDB
6	Dairy Farm Walk ⁽²⁾	1.50	2.1	420	0	0	Nov-18	URA
7	Tan Quee Lan Street ^(2)(11)	1.16	4.2	585	0	2,000	Nov-18	URA
White Sites
8	Marina View ^(2)(12)	0.78	13.0	905	540	2,000	Oct-18	URA
9	Woodlands Square / Woodlands Avenue 2 ^(2)(13)	2.90	4.2	585	0	78,000	Dec-18	URA
	Total (Reserve List)			5,335	540	82,000
	Total (Confirmed List and Reserve List)			8,040	930	124,200

(1) The estimated number of dwelling units for some sites carried forward from 1H2018 Reserve List have been updated to take into account the revisions to site areas.

(2) New sites introduced in 2H2018.

(3) Site is imposed with a DU cap of 700 units.

(4) Site is imposed with a retail cap of 1,500 sqm GFA.

(5) A mixed-use development with integrated community and bus interchange facilities (estimated 19,400 sqm GFA). Retail cap is 35,900 sqm GFA. Site is imposed with a DU cap of 600 units.

(6) Estimated commercial space includes 2,800 sqm GFA for the pedestrian underpass underneath Cross Street.

(7) Refers to estimated date the detailed conditions of sale will be available and applications can be submitted.

(8) Site is imposed with a DU cap of 116 units.

(9) Site is imposed with a DU cap of 640 units.

(10) Site is imposed with a DU cap of 550 units.

(11) Site is imposed with a retail cap of 2,000 sqm GFA.

(12) Site is imposed with a retail cap of 2,000 sqm GFA.

(13) Site is imposed with a retail cap of 28,000 sqm GFA.

Appendix 2
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Status of the GLS Programme for the First Half of 2018 (1H2018)
(as at 27 June 2018)

1. The first half of 2018 (1H2018) GLS Programme comprised 15 sites, of which six are on the Confirmed List and nine are on the Reserve List.

2. To date, three Confirmed List sites have been sold and the tender for the remaining three Confirmed List sites will close by September 2018.

3. Two Reserve List sites at Peck Seah Street and Woodlands Square will be removed from 1H2018 Reserve List to facilitate a review of development plans in the area.

4. As a result, a total of seven residential sites remain on the 1H2018 Reserve List and will be carried over to the second half 2018 (2H2018) GLS Programme.