# 2024 private housing supply highest since 2013 with latest 2H2024 Government Land Sales (GLS) Programme

- **Source:** Ministry of National Development
- **Published:** 2024-06-25T01:00:00.000Z
- **Author:** Ministry of National Development
- **Original:** https://www.mnd.gov.sg/newsroom/press-releases/view/2024-private-housing-supply-highest-since-2013-with-latest-2h2024-government-land-sales-(gls)-programme
- **Topics:** Private Residential, Government & Policy, Transactions & Deals

## Featured rationale

Sustained island-wide land supply could broaden buyer choice and temper price momentum, while Reserve List capacity allows developers to respond selectively to demand.

## AI summary

Singapore’s 2024 GLS programme offered 11,110 private homes, the highest annual supply since 2013, including 5,050 Confirmed List units in 2H2024.

## Original article

Sustained supply of 5,050 private residential units to be tendered out in 2H2024, similar to the 5,450 units in 1H2024.

Total supply of 11,110 private residential units in 2024 (including 610 units from the activated Reserve List site tendered out in May 2024) will be the highest supply introduced in a single year since 2013.

Good spread of sites island-wide will provide a variety of housing options that cater to different needs and preferences.

The Government will continue to release a steady supply of private residential units over the next few years, with supply calibrated to account for prevailing economic and property market conditions.

1. The Government today announced the Government Land Sales (GLS) Programme for 2H2024, which comprises ten Confirmed List sites and nine Reserve List sites. Together, these sites can yield about 8,140 private residential units, 113,650 sqm gross floor area (GFA) of commercial space and 530 hotel rooms (see Appendix 1 & Appendix 2).

2. The Confirmed List comprises nine private residential sites (including one EC site) and one commercial & residential site, which can collectively yield about 5,050 private residential units (including 560 EC units) and 14,300 sqm GFA of commercial space.

3. The Reserve List comprises five private residential sites (including two EC sites), one commercial site, two White sites and one hotel site. These sites can potentially yield an additional 3,090 private residential units (including 730 EC units), 99,350 sqm GFA of commercial space and 530 hotel rooms.

Supply of private housing

4. The private housing market has shown signs of stabilisation, with price momentum easing1 with the ramp-up in the GLS programme over the last two years2. To continue to cater to housing demand and maintain market stability, the Government will sustain the GLS supply, with 5,050 units to be released via the Confirmed List of the 2H2024 GLS programme, similar to the 5,450 units released in 1H2024.

5. For 2024 as a whole, the total supply of 11,110 units (including 610 units from the activated Reserve List site at Zion Road (Parcel B)) to be released will be the highest since 2013. The supply is from a good mix of sites across different geographical regions that offers a variety of housing options to meet different needs and preferences. In addition, the Government will make available a selection of sites on the Reserve List that can yield an additional 3,090 units for developers to initiate for development if they assess that there is demand.

6. The Government will continue to release a steady supply of private housing in future GLS programmes to cater to demand, with supply calibrated every six months to account for prevailing economic and property market conditions.

Supply of office space

7. The White site for a mixed-use development at Woodlands Avenue 2 and the short-term lease commercial site at Punggol Walk will be carried over from the 1H2024 Reserve List to the 2H2024 Reserve List. These two sites will provide the opportunity for developers to initiate the development of more office and retail space if they assess that there is demand.

Supply of hotel rooms

8. The 2H2024 Reserve List includes a site at River Valley Road carried over from the 1H2024 Reserve List, which will allow developers to increase the supply of hotel rooms based on demand.

1 Based on URA’s Property Price Index, the increase in private residential property prices has moderated from 8.6% in 2022 to 6.8% in 2023. The pace of price increase has continued to moderate in 1Q2024, with the 1.4% gain in the quarter smaller than the quarterly average increase of 2.0% in 2022 -2023.

2 The Government increased the supply of private housing on the Confirmed List of the GLS programme to 9,250 units in 2023, from 3,605 units in 2021 and 6,290 units in 2022.

Appendix 1
------------
PROPOSED RESIDENTIAL, COMMERCIAL AND HOTEL SITES FOR 2H2024 GLS PROGRAMME

S/N

Location

Site Area (ha)

Proposed GPR

Estimated No. of Residential Units (1)

Estimated No. of Hotel Rooms

Estimated Commercial Space (m2)

Estimated Launch Date

Sales Agent

Confirmed List

Residential Sites

1

Tampines Street 95 (EC)

2.25

2.5

560

0

0

Aug 2024

HDB

2

Faber Walk (2)(3)

2.58

1.4

400

0

0

Sep 2024

URA

3

Lentor Gardens (4)

2.06

2.1

500

0

0

Oct 2024

URA

4

River Valley Green (Parcel B) (5)

1.17

3.5

580

0

500

Oct 2024

URA

5

Bayshore Road

1.05

4.2

515

0

0

Nov 2024

URA

6

Media Circle (Parcel A) (2)(6)

0.81

3.7

345

0

400

Nov 2024

URA

7

Media Circle (Parcel B) (2)(6)

0.97

4.3

485

0

400

Nov 2024

URA

8

Chuan Grove (2)(7)

1.58

3.0

550

0

0

Dec 2024

URA

9

Holland Link (2)(8)

1.72

1.4

240

0

0

Dec 2024

URA

Commercial & Residential Sites

10

Chencharu Close (2)(9)

2.94

3.2

875

0

13,000

Sep 2024

HDB

Total (Confirmed List)

5,050

0

14,300

S/N

Location

Site Area (ha)

Proposed GPR

Estimated No. of Residential Units (1)

Estimated No. of Hotel Rooms

Estimated Commercial Space (m2)

Estimated Available Date (15)

Sales Agent

Reserve List

Residential Sites

1

Senja Close (EC) (7)

1.01

3.0

295

0

0

Available

HDB

2

Marina Gardens Lane (2)

0.61

5.6

400

0

0

Oct 2024

URA

3

Woodlands Drive 17 (EC) 2

2.58

1.7

435

0

0

Oct 2024

HDB

4

Holland Plain (2)(10)

1.58

1.8

275

0

0

Dec 2024

URA

5

River Valley Green (Parcel C) (2)

1.15

3.5

470

0

0

Dec 2024

URA

Commercial Sites

6

Punggol Walk (11)

1.00

1.4

0

0

13,350

Available

URA

White Sites

7

Marina Gardens Crescent (12)

1.73

4.2

775

0

6,000

Available

URA

8

Woodlands Avenue 2 (13)

2.75

4.2

440

0

78,000

Available

URA

Hotel Sites

9

River Valley Road (14)

1.02

2.8

0

530

2,000

Available

URA

Total (Reserve List)

3,090

530

99,350

Total (Confirmed List and Reserve List)

8,140

530

113,650

(1) The estimated number of dwelling units (DU) for Executive Condominium and private residential sites takes into account the average unit sizes of recent comparable developments and prevailing Development Control guidelines.(2) New sites introduced in 2H2024.(3) Site has a DU cap of 403 residential units.(4) Site is required to provide a minimum 600 sqm GFA for childcare centre.(5) A portion of the GFA for the site will be allowed for Serviced Apartments use (estimated 220 SA units). Site has a retail cap of 500 sqm GFA.(6) Sites have a retail cap of 400 sqm GFA.(7) Sites are required to provide a minimum 500 sqm GFA for childcare centre.(8) Site has a DU cap of 242 residential units.(9) A mixed-use development with integrated community and bus interchange facilities (estimated 8,500 sqm GFA) at GPR of 3.26. Retail cap is 13,000 sqm GFA.(10) Site has a DU cap of 279 residential units and is required to provide a minimum 500 sqm GFA for childcare centre.(11) Site is required to provide a minimum office quantum of 8,400 sqm GFA and a minimum 650 sqm GFA for childcare centre.(12) Site has a retail cap of 6,000 sqm GFA and is required to provide a minimum 500 sqm GFA for childcare centre.(13) Site has a retail cap of 33,000 sqm GFA and is required to provide a minimum office quantum of 45,000 sqm GFA.(14) Site has a retail cap of 2,000 sqm GFA.(15) Refers to estimated date the detailed conditions of sale will be available and applications can be submitted.

(1) The estimated number of dwelling units (DU) for Executive Condominium and private residential sites takes into account the average unit sizes of recent comparable developments and prevailing Development Control guidelines.

(2) New sites introduced in 2H2024.

(3) Site has a DU cap of 403 residential units.

(4) Site is required to provide a minimum 600 sqm GFA for childcare centre.

(5) A portion of the GFA for the site will be allowed for Serviced Apartments use (estimated 220 SA units). Site has a retail cap of 500 sqm GFA.

(6) Sites have a retail cap of 400 sqm GFA.

(7) Sites are required to provide a minimum 500 sqm GFA for childcare centre.

(8) Site has a DU cap of 242 residential units.

(9) A mixed-use development with integrated community and bus interchange facilities (estimated 8,500 sqm GFA) at GPR of 3.26. Retail cap is 13,000 sqm GFA.

(10) Site has a DU cap of 279 residential units and is required to provide a minimum 500 sqm GFA for childcare centre.

(11) Site is required to provide a minimum office quantum of 8,400 sqm GFA and a minimum 650 sqm GFA for childcare centre.

(12) Site has a retail cap of 6,000 sqm GFA and is required to provide a minimum 500 sqm GFA for childcare centre.

(13) Site has a retail cap of 33,000 sqm GFA and is required to provide a minimum office quantum of 45,000 sqm GFA.

(14) Site has a retail cap of 2,000 sqm GFA.

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

Appendix 2
------------

Status of the GLS Programme for the first half of 2024 (1H2024)
(as of 25 June 2024)

1. The 1H2024 GLS Programme comprises nineteen sites, of which ten are on the Confirmed List and nine are on the Reserve List.

2. To date, nine of the Confirmed List sites have been launched for tender and the remaining Confirmed List site at Tampines Street 94 will be launched in the later part of June 2024.

3. The Reserve List site at Zion Road (Parcel B) has been successfully activated. The public tender for the site was launched on 13 May 2024 and will be closing on 18 July 2024.

4. As a result, a total of five residential sites, one commercial site, one White site and one hotel site remain on the 1H2024 Reserve List and will be carried over to the second half of 2024 (2H2024) GLS Programme.

## Chinese translation

> Translation model: grok_cli

### 2024年私人住宅供应自2013年以来最高，最新2024年下半年政府售地（GLS）计划出炉

2024年下半年将推出5,050个私人住宅单位的持续供应，与2024年上半年的5,450个单位相近。

2024年私人住宅单位总供应达11,110个（包括2024年5月已启动并推出招标的储备名单地段所提供的610个单位），将成为自2013年以来单年推出的最高供应量。

遍布全岛的地段组合将提供多样化的住房选择，以满足不同需求与偏好。

政府将在未来数年继续稳定释放私人住宅单位供应，并根据当前经济与房地产市场情况对供应进行校准。

1. 政府今日宣布2024年下半年政府售地（GLS）计划，包括十幅确认名单地段及九幅储备名单地段。这些地段合计可提供约8,140个私人住宅单位、113,650平方米商业总楼面面积（GFA）以及530间酒店客房（见附录1及附录2）。

2. 确认名单包括九幅私人住宅地段（其中一幅为执行共管公寓/EC地段）及一幅商业与住宅混合地段，合计可提供约5,050个私人住宅单位（包括560个EC单位）及14,300平方米商业总楼面面积。

3. 储备名单包括五幅私人住宅地段（其中两幅为EC地段）、一幅商业地段、两幅白地地段及一幅酒店地段。这些地段有潜力额外提供约3,090个私人住宅单位（包括730个EC单位）、99,350平方米商业总楼面面积以及530间酒店客房。

私人住宅供应

4. 私人住宅市场已呈现企稳迹象，过去两年政府售地计划加码后，价格升势有所缓和1。为继续满足住房需求并维持市场稳定，政府将维持政府售地供应，透过2024年下半年政府售地计划确认名单释放5,050个单位，与2024年上半年释放的5,450个单位相近。

5. 就2024年全年而言，将释放的总供应11,110个单位（包括锡安路（地块B）已启动储备名单地段的610个单位）将是自2013年以来最高。供应来自不同地理区域的地段组合，可提供多样化的住房选择，以满足不同需求与偏好。此外，政府将在储备名单上提供可额外产生约3,090个单位的地段，供发展商在评估有需求时启动开发。

6. 政府将在未来的政府售地计划中继续稳定释放私人住宅供应，以满足需求，并每六个月根据当前经济与房地产市场情况对供应进行校准。

办公空间供应

7. 兀兰大道2号的混合用途发展白地地段，以及榜鹅径的短期租约商业地段，将从2024年上半年储备名单结转至2024年下半年储备名单。若发展商评估有需求，这两幅地段可为他们启动更多办公与零售空间开发提供机会。

酒店客房供应

8. 2024年下半年储备名单包括从2024年上半年储备名单结转的河谷路地段，使发展商可根据需求增加酒店客房供应。

1 根据市区重建局的房地产价格指数，私人住宅物业价格升幅已从2022年的8.6%缓和至2023年的6.8%。价格升势在2024年第一季继续缓和，当季升幅1.4%，低于2022至2023年每季平均2.0%的升幅。

2 政府将政府售地计划确认名单上的私人住宅供应，从2021年的3,605个单位及2022年的6,290个单位，提高至2023年的9,250个单位。

附录1
------------
2024年下半年政府售地计划拟议住宅、商业及酒店地段

序号

地点

地段面积（公顷）

拟议总容积率（GPR）

估计住宅单位数目（1）

估计酒店客房数目

估计商业空间（平方米）

估计推出日期

销售代理

确认名单

住宅地段

1

淡滨尼街95（EC）

2.25

2.5

560

0

0

2024年8月

建屋发展局

2

花柏径（2）（3）

2.58

1.4

400

0

0

2024年9月

市区重建局

3

伦多花园（4）

2.06

2.1

500

0

0

2024年10月

市区重建局

4

河谷绿地（地块B）（5）

1.17

3.5

580

0

500

2024年10月

市区重建局

5

碧湾路

1.05

4.2

515

0

0

2024年11月

市区重建局

6

媒体圈（地块A）（2）（6）

0.81

3.7

345

0

400

2024年11月

市区重建局

7

媒体圈（地块B）（2）（6）

0.97

4.3

485

0

400

2024年11月

市区重建局

8

川谷（2）（7）

1.58

3.0

550

0

0

2024年12月

市区重建局

9

荷兰连路（2）（8）

1.72

1.4

240

0

0

2024年12月

市区重建局

商业与住宅地段

10

振裕路近（2）（9）

2.94

3.2

875

0

13,000

2024年9月

建屋发展局

总计（确认名单）

5,050

0

14,300

序号

地点

地段面积（公顷）

拟议总容积率（GPR）

估计住宅单位数目（1）

估计酒店客房数目

估计商业空间（平方米）

估计可供申请日期（15）

销售代理

储备名单

住宅地段

1

信佳近（EC）（7）

1.01

3.0

295

0

0

现可供申请

建屋发展局

2

滨海湾花园巷（2）

0.61

5.6

400

0

0

2024年10月

市区重建局

3

兀兰驱车道17（EC）2

2.58

1.7

435

0

0

2024年10月

建屋发展局

4

荷兰平原（2）（10）

1.58

1.8

275

0

0

2024年12月

市区重建局

5

河谷绿地（地块C）（2）

1.15

3.5

470

0

0

2024年12月

市区重建局

商业地段

6

榜鹅径（11）

1.00

1.4

0

0

13,350

现可供申请

市区重建局

白地地段

7

滨海湾花园弯（12）

1.73

4.2

775

0

6,000

现可供申请

市区重建局

8

兀兰大道2号（13）

2.75

4.2

440

0

78,000

现可供申请

市区重建局

酒店地段

9

河谷路（14）

1.02

2.8

0

530

2,000

现可供申请

市区重建局

总计（储备名单）

3,090

530

99,350

总计（确认名单与储备名单）

8,140

530

113,650

（1）执行共管公寓及私人住宅地段的估计住宅单位（DU）数目，已参考近期可比较发展项目的平均单位面积及现行发展管制准则。（2）2024年下半年新推出的地段。（3）该地段住宅单位上限为403个。（4）该地段须提供至少600平方米总楼面面积予托儿中心。（5）该地段部分总楼面面积可用作服务公寓（估计约220个服务公寓单位）。该地段零售空间上限为500平方米总楼面面积。（6）该等地段零售空间上限为400平方米总楼面面积。（7）该等地段须提供至少500平方米总楼面面积予托儿中心。（8）该地段住宅单位上限为242个。（9）混合用途发展，设有综合社区及巴士转换站设施（估计约8,500平方米总楼面面积），总容积率为3.26。零售空间上限为13,000平方米总楼面面积。（10）该地段住宅单位上限为279个，并须提供至少500平方米总楼面面积予托儿中心。（11）该地段须提供至少8,400平方米总楼面面积的办公用途，以及至少650平方米总楼面面积予托儿中心。（12）该地段零售空间上限为6,000平方米总楼面面积，并须提供至少500平方米总楼面面积予托儿中心。（13）该地段零售空间上限为33,000平方米总楼面面积，并须提供至少45,000平方米总楼面面积的办公用途。（14）该地段零售空间上限为2,000平方米总楼面面积。（15）指详细售地条件预计可供查阅及可提交申请的日期。

（1）执行共管公寓及私人住宅地段的估计住宅单位（DU）数目，已参考近期可比较发展项目的平均单位面积及现行发展管制准则。

（2）2024年下半年新推出的地段。

（3）该地段住宅单位上限为403个。

（4）该地段须提供至少600平方米总楼面面积予托儿中心。

（5）该地段部分总楼面面积可用作服务公寓（估计约220个服务公寓单位）。该地段零售空间上限为500平方米总楼面面积。

（6）该等地段零售空间上限为400平方米总楼面面积。

（7）该等地段须提供至少500平方米总楼面面积予托儿中心。

（8）该地段住宅单位上限为242个。

（9）混合用途发展，设有综合社区及巴士转换站设施（估计约8,500平方米总楼面面积），总容积率为3.26。零售空间上限为13,000平方米总楼面面积。

（10）该地段住宅单位上限为279个，并须提供至少500平方米总楼面面积予托儿中心。

（11）该地段须提供至少8,400平方米总楼面面积的办公用途，以及至少650平方米总楼面面积予托儿中心。

（12）该地段零售空间上限为6,000平方米总楼面面积，并须提供至少500平方米总楼面面积予托儿中心。

（13）该地段零售空间上限为33,000平方米总楼面面积，并须提供至少45,000平方米总楼面面积的办公用途。

（14）该地段零售空间上限为2,000平方米总楼面面积。

（15）指详细售地条件预计可供查阅及可提交申请的日期。

附录2
------------

2024年上半年政府售地计划进展情况
（截至2024年6月25日）

1. 2024年上半年政府售地计划共包括十九幅地段，其中十幅列入确认名单，九幅列入储备名单。

2. 迄今为止，确认名单中的九幅地段已推出招标，余下的淡滨尼街94确认名单地段将于2024年6月下旬推出。

3. 锡安路（地块B）的储备名单地段已成功启动。该地段的公开招标已于2024年5月13日推出，并将于2024年7月18日截止。

4. 因此，2024年上半年储备名单上仍有五幅住宅地段、一幅商业地段、一幅白地地段及一幅酒店地段，并将结转至2024年下半年政府售地计划。