Singapore launches 15 sites in 1H2018 GLS programme

These can yield up to 8,045 residential units and 63,960 sqm of commercial space.

Singapore launched six Confirmed List sites and nine Reserve List sites as part of its 1H2018 Government Land Sales (GLS) Programme.

According to the Urban Redevelopment Authority (URA), these sites can yield about 8,045 private residential units and 63,960 sqm gross floor area (GFA) of commercial space.

The six Confirmed List sites are private residential sites, which includes one Executive Condominium (EC) site, that can yield 2,775 private dwelling units and 4,450 sqm GFA of commercial space.

URA listed six sites from Cuscaden Road, Silat Avenue, Mattar Road, Dairy Farm Road, Jalan Jurong Kechil, and an EC in Canberra Link.

The Reserve List comprises eight private residential sites, which has two EC sites and one commercial site. These sites can yield 5,270 private dwelling units and 59,510 sqm GFA of commercial space, mostly for office use.

URA listed eight residential sites from Bartley Road/Jalan Bunga Rampai, Yishun Avenue 9, Canberra Drive, Sims Drive, Clementi Avenue 1, Peck Seah Street, along with ECs on Tampines Avenue 10 and Anchorvale Crescent.

Meanwhile, the 1H2018 Reserve List will have one site at Woodlands Square for a mixed-use development comprising mainly office space.

URA said, "This site will allow developers to initiate the development of more office space if they assess that there is demand." 

The government has decided to keep the total supply of units for 1H2018 at about the same level as the supply of units from the 2H2017 GLS Programme.

URA said whilst there is strong demand for sites and pick-up in transactions, there is still a potential supply of 20,000 units from en bloc sales and GLS sites that aren't approved yet.

Moreover, there are still 18,000 unsold units that already have planning approval. There are also over 30,000 existing private housing units that remain vacant.

"Taken together, the total supply in the pipeline, including the units from the 1H2018 GLS Programme, will be adequate to meet the purchase demand for new private housing from home buyers over the next 1-2 years. When these are completed, the overall stock of private housing will be more than sufficient to meet Singaporeans’ housing needs," URA said.