# Housing Supply Further Ramped Up in 1H2024 Government Land Sales (GLS) Programme, with Highest Housing Supply on Confirmed List Since 2H2013 - **Source:** Ministry of National Development - **Published:** 2023-12-06T04:00:00.000Z - **Author:** Ministry of National Development - **Original:** https://www.mnd.gov.sg/newsroom/press-releases/view/housing-supply-further-ramped-up-in-1h2024-government-land-sales-(gls)-programme-with-highest-housing-supply-on-confirmed-list-since-2h2013 - **Topics:** Private Residential, Government & Policy, Transactions & Deals ## Featured rationale The expanded pipeline signals a policy response to strong demand and could moderate supply pressures while providing developers with geographically diverse acquisition opportunities. ## AI summary The 1H2024 GLS Confirmed List increased to 5,450 private homes, the highest single-programme supply since 2H2013, lifting the total pipeline to about 59,100 units. ## Original article The Confirmed List supply of private housing in the GLS programme has been further increased from 5,160 units in 2H2023 to 5,450 units in 1H2024. This is the highest supply on the Confirmed List in a single GLS Programme since the 2H2013 GLS Programme. This supply injection will bring the total pipeline supply of private housing (including Executive Condominiums (EC)) to about 59,100 units, and cater to strong housing demand. To provide housing options across locations to cater to diverse housing needs, the Government will include a long-stay Serviced Apartments site at one-north, and the first private housing site in Bayshore precinct. 1. The Government today announced the GLS Programme for 1H2024, which comprises ten Confirmed List sites and nine Reserve List sites. These sites can yield about 8,910 private residential units, 107,750 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 long-stay Serviced Apartments1 site) and one commercial & residential site, which can collectively yield about 5,450 private residential units (including 710 EC units and 515 long-stay Serviced Apartments) and 13,900 sqm GFA of commercial space. 3. The Reserve List comprises six private residential sites (including two EC sites and one site with a mandatory long-stay Serviced Apartments component), one commercial site, one White site and one hotel site. These Reserve List sites have the potential to yield an additional 3,460 private residential units (including 855 EC units and 220 long-stay Serviced Apartments), 93,850 sqm GFA of commercial space and 530 hotel rooms. 4. The Government will continue to monitor economic and property market conditions closely and calibrate the supply of future GLS programmes, as necessary, to help meet demand and promote market stability. Supply of private housing 5. The Government has increased the supply of private housing on the Confirmed List to 5,450 units for the 1H2024 GLS Programme, from 5,160 units in 2H2023. This is the highest supply on the Confirmed List in a single GLS Programme since the 2H2013 GLS Programme. With housing demand expected to continue to grow in coming years, the increased Confirmed List supply for 1H2024 will help cater to demand and promote market stability and sustainability. The sites are spread out geographically to provide a variety of housing options to cater to varied needs. In addition, the Government will make available a good selection of sites on the Reserve List, that can yield an additional 3,460 units for developers to initiate for development if they assess that there is demand. 6. The increased Confirmed List supply for 1H2024 will bring the total pipeline supply of private housing (including ECs) to about 59,100 units, comprising 41,900 units with planning approval and 17,200 units from GLS sites and awarded en-bloc sites that have not been granted planning approval yet. Of these, about 39,700 units will be completed between 2023 and 2025, which is about double the 20,000 units completed from 2020 to 2022. This forms part of the total supply of about 100,000 public and private housing units to be completed between 2023 and 2025, which will help cater to housing needs in the immediate years ahead. Long-stay Serviced Apartments site at Media Circle 7. As part of the Government’s efforts to expand the range of housing options for diverse housing needs and ensure that Serviced Apartments can be more targeted in meeting demand for longer stays, we will release a third long-stay Serviced Apartments pilot site in one-north, with a potential yield of about 515 Serviced Apartments. Similar to existing Serviced Apartments with a 7-day minimum stay requirement, these long-stay Serviced Apartments cannot be strata subdivided for sale. The one-north site will augment the other long-stay Serviced Apartment pilot sites at Upper Thomson Road (Parcel A) and Zion Road (Parcel A), which were released as part of the 2H2023 GLS Programme on 4 December 2023. First private housing sale site in Bayshore 8. On 16 October 2023, plans for a new waterfront neighbourhood in Bayshore were unveiled. When completed, it is expected to yield about 10,000 new homes, of which approximately 30 percent will be private housing. Residents can look forward to new commercial, park, sports and recreation, educational, and healthcare offerings in this East Coast area planned as a vibrant lifestyle precinct. Served by two upcoming Thomson-East Coast Line stations (Bayshore and Bedok South) and a bus interchange, residents will be able to enjoy enhanced transport connectivity to the rest of Singapore. 9. The release of the first private housing sale site at Bayshore Road in 1H2024 will kickstart the development of the Bayshore estate. Supply of office space 10. 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 2H2023 Reserve List to the 1H2024 Reserve List. These two sites will provide opportunity for developers to initiate the development of more office and retail space if they assess that there is demand. Supply of hotel rooms 11. The 1H2024 Reserve List includes a site at River Valley Road carried over from the 2H2023 Reserve List, which will allow developers to increase the supply of hotel rooms based on demand. 1 These will be known officially as the Serviced Apartments II (SA2) typology. More information on SA2 is available via the circular issued by URA dated 4 December 2023 – “Guidelines For Serviced Apartment II (SA2)”. Appendix 1 ------------ PROPOSED RESIDENTIAL, COMMERCIAL AND HOTEL SITES FOR 1H2024 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 Holland Drive 1.23 4.7 680 0 0 Feb 2024 URA 2 River Valley Green (Parcel A) (2) 0.93 3.5 380 0 0 Mar 2024 URA 3 Canberra Crescent (2)(3) 2.05 1.6 375 0 0 Apr 2024 URA 4 De Souza Avenue (4) 1.92 1.6 355 0 0 Apr 2024 URA 5 Jalan Loyang Besar (EC) (2) 2.84 2.5 710 0 0 May 2024 HDB 6 Margaret Drive (2)(4) 0.95 4.2 460 0 0 May 2024 URA 7 Media Circle (2)(5) 0.57 4.2 515 0 400 May 2024 URA 8 Dairy Farm Walk (2) 2.16 2.1 530 0 0 Jun 2024 URA 9 Tengah Garden Avenue (2)(6) 2.55 3.0 860 0 3,000 Jun 2024 URA Commercial & Residential Sites 10 Tampines Street 94 (2)(7) 2.35 2.6 585 0 10,500 Jun 2024 HDB Total (Confirmed List) 5,450 0 13,900 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 (12) Sales Agent Reserve List Residential Sites 1 Lentor Gardens (3) 2.06 2.1 500 0 0 Available URA 2 Senja Close (EC) (4) 1.01 3.0 295 0 0 Available HDB 3 Tampines Street 95 (EC) 2.24 2.5 560 0 0 Available HDB 4 Zion Road (Parcel B) 0.93 5.6 610 0 0 Available URA 5 River Valley Green (Parcel B) (2)(8) 1.17 3.5 575 0 500 Mar 2024 URA 6 Bayshore Road (2) 0.98 4.2 480 0 0 Jun 2024 URA Commercial Sites 7 Punggol Walk (9) 1.00 1.4 0 0 13,350 Available URA White Sites 8 Woodlands Avenue 2 (10) 2.75 4.2 440 0 78,000 Available URA Hotel Sites 9 River Valley Road (11) 1.02 2.8 0 530 2,000 Available URA Total (Reserve List) 3,460 530 93,850 Total (Confirmed List and Reserve List) 8,910 530 107,750 (1) The estimated number of dwelling units (DU) for Executive Condominium and private residential sites take into account the average unit sizes of recent comparable developments and prevailing Development Control guidelines. (2) New sites introduced in 1H2024. (3) Sites are imposed with a minimum 600 sqm GFA for childcare centre. (4) Sites are imposed with a minimum 500 sqm GFA for childcare centre. (5) Site is for long-stay Serviced Apartments use only and imposed with a retail cap of 400 sqm. (6) Site is imposed with a retail cap of 3,000 sqm GFA. (7) Site is imposed with a retail cap of 10,500 sqm GFA and a minimum 650 sqm GFA for childcare centre. (8) A portion of the GFA for the site will be for long-stay Serviced Apartments use. Site is imposed with a retail cap of 500 sqm GFA. (9) Site is imposed with a minimum office quantum of 8,400 sqm GFA and a minimum 650 sqm GFA for childcare centre. (10) Site is imposed with a retail cap of 33,000 sqm GFA and a minimum office quantum of 45,000 sqm GFA. (11) Site is imposed with a retail cap of 2.000 sqm GFA. (12) 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 take into account the average unit sizes of recent comparable developments and prevailing Development Control guidelines. (2) New sites introduced in 1H2024. (3) Sites are imposed with a minimum 600 sqm GFA for childcare centre. (4) Sites are imposed with a minimum 500 sqm GFA for childcare centre. (5) Site is for long-stay Serviced Apartments use only and imposed with a retail cap of 400 sqm. (6) Site is imposed with a retail cap of 3,000 sqm GFA. (7) Site is imposed with a retail cap of 10,500 sqm GFA and a minimum 650 sqm GFA for childcare centre. (8) A portion of the GFA for the site will be for long-stay Serviced Apartments use. Site is imposed with a retail cap of 500 sqm GFA. (9) Site is imposed with a minimum office quantum of 8,400 sqm GFA and a minimum 650 sqm GFA for childcare centre. (10) Site is imposed with a retail cap of 33,000 sqm GFA and a minimum office quantum of 45,000 sqm GFA. (11) Site is imposed with a retail cap of 2.000 sqm GFA. (12) 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 second half of 2023 (2H2023) (as of 6 December 2023) 1. The 2H2023 GLS Programme comprises seventeen sites, of which eight are on the Confirmed List and nine are on the Reserve List. 2. To date, all the eight Confirmed List sites have been launched for tender and the tenders will close by June 2024. 3. All nine sites on the Reserve List, comprising six private residential sites, one commercial site, one White site and one hotel site, will be carried over to the 1H2024 GLS Programme. ## Chinese translation > Translation model: grok_cli ### 2024年上半年政府售地（GLS）计划进一步加大住房供应，确认名单住房供应量创自2013年下半年以来新高 政府售地（GLS）计划确认名单中的私人住房供应量，已由2023年下半年的5,160个单位进一步增至2024年上半年的5,450个单位。这是自2013年下半年GLS计划以来，单期GLS计划确认名单上的最高供应量。 此次供应注入将使私人住房（包括执行共管公寓（EC））的总管道供应量达到约59,100个单位，以应对强劲的住房需求。 为提供遍布各地的住房选择以满足多元住房需求，政府将纳入位于one-north的一处长住服务公寓地段，以及Bayshore分区的首个私人住房地段。 1. 政府今日公布2024年上半年GLS计划，包括十个确认名单地段及九个储备名单地段。这些地段可供应约8,910个私人住宅单位、107,750平方米总楼面面积（GFA）的商业空间及530间酒店客房（见附录1及附录2）。 2. 确认名单包括九个私人住宅地段（含一个EC地段及一个长住服务公寓1地段）及一个商业与住宅地段，合计可供应约5,450个私人住宅单位（包括710个EC单位及515个长住服务公寓）及13,900平方米GFA的商业空间。 3. 储备名单包括六个私人住宅地段（含两个EC地段及一个须包含强制性长住服务公寓部分的地段）、一个商业地段、一个白地地段及一个酒店地段。这些储备名单地段有潜力额外供应3,460个私人住宅单位（包括855个EC单位及220个长住服务公寓）、93,850平方米GFA的商业空间及530间酒店客房。 4. 政府将继续密切关注经济及房地产市场情况，并在必要时调整未来GLS计划的供应，以协助满足需求并促进市场稳定。 私人住房供应 5. 政府已将2024年上半年GLS计划确认名单上的私人住房供应量增至5,450个单位，高于2023年下半年的5,160个单位。这是自2013年下半年GLS计划以来，单期GLS计划确认名单上的最高供应量。鉴于未来数年住房需求预计将继续增长，2024年上半年增加的确认名单供应将有助应对需求，并促进市场稳定与可持续性。各地段在地理上分散布局，以提供多样化的住房选择，满足不同需求。此外，政府将在储备名单上提供一批优质地段，可额外供应3,460个单位，供发展商在评估存在需求时主动提出发展。 6. 2024年上半年增加的确认名单供应，将使私人住房（包括EC）的总管道供应量达到约59,100个单位，其中41,900个单位已获规划批准，17,200个单位来自尚未获规划批准的GLS地段及已中标的集体出售地段。其中，约39,700个单位将于2023年至2025年完工，约为2020年至2022年完工的20,000个单位的两倍。这构成2023年至2025年期间约100,000个公共及私人住房单位总供应的一部分，将有助满足未来数年的即时住房需求。 Media Circle长住服务公寓地段 7. 作为政府扩大住房选择范围以满足多元住房需求，并确保服务公寓能更有针对性地满足较长住期需求的努力的一部分，我们将在one-north释出第三个长住服务公寓试点地段，潜在供应量约515个服务公寓单位。与现有设有最少7天住期要求的服务公寓类似，这些长住服务公寓不得分层出售。one-north地段将补充其他长住服务公寓试点地段，即Upper Thomson Road（地块A）及Zion Road（地块A），该两处已作为2023年下半年GLS计划的一部分于2023年12月4日释出。 Bayshore首个私人住房售地地段 8. 2023年10月16日，Bayshore新滨水邻里规划公布。完成后，预计可供应约10,000套新住宅，其中约30%为私人住房。居民可期待在这片规划为充满活力生活方式区的东海岸区域，享有新的商业、公园、体育与康乐、教育及医疗设施。配合即将开通的两条汤申—东海岸线车站（Bayshore及Bedok South）及巴士转换站，居民将可享有通往新加坡其他地区更完善的交通连接。 9. 2024年上半年释出Bayshore Road首个私人住房售地地段，将启动Bayshore组屋区的发展。 办公空间供应 10. 位于Woodlands Avenue 2的综合用途发展白地地段，以及位于Punggol Walk的短期租约商业地段，将由2023年下半年储备名单结转至2024年上半年储备名单。这两个地段将为发展商在评估存在需求时，提供启动更多办公及零售空间发展的机会。 酒店客房供应 11. 2024年上半年储备名单包括由2023年下半年储备名单结转的River Valley Road地段，使发展商可按需求增加酒店客房供应。 1 这些将正式称为服务公寓II（SA2）类型。有关SA2的更多信息，可参阅市区重建局于2023年12月4日发出的通告——《服务公寓II（SA2）指导原则》。 附录1 ------------ 2024年上半年GLS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 Holland Drive 1.23 4.7 680 0 0 2024年2月 URA 2 River Valley Green（地块A）（2） 0.93 3.5 380 0 0 2024年3月 URA 3 Canberra Crescent（2）（3） 2.05 1.6 375 0 0 2024年4月 URA 4 De Souza Avenue（4） 1.92 1.6 355 0 0 2024年4月 URA 5 Jalan Loyang Besar（EC）（2） 2.84 2.5 710 0 0 2024年5月 HDB 6 Margaret Drive（2）（4） 0.95 4.2 460 0 0 2024年5月 URA 7 Media Circle（2）（5） 0.57 4.2 515 0 400 2024年5月 URA 8 Dairy Farm Walk（2） 2.16 2.1 530 0 0 2024年6月 URA 9 Tengah Garden Avenue（2）（6） 2.55 3.0 860 0 3,000 2024年6月 URA 商业与住宅地段 10 Tampines Street 94（2）（7） 2.35 2.6 585 0 10,500 2024年6月 HDB 合计（确认名单） 5,450 0 13,900 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） 估计可申请日期（12） 销售代理 储备名单 住宅地段 1 Lentor Gardens（3） 2.06 2.1 500 0 0 现已开放 URA 2 Senja Close（EC）（4） 1.01 3.0 295 0 0 现已开放 HDB 3 Tampines Street 95（EC） 2.24 2.5 560 0 0 现已开放 HDB 4 Zion Road（地块B） 0.93 5.6 610 0 0 现已开放 URA 5 River Valley Green（地块B）（2）（8） 1.17 3.5 575 0 500 2024年3月 URA 6 Bayshore Road（2） 0.98 4.2 480 0 0 2024年6月 URA 商业地段 7 Punggol Walk（9） 1.00 1.4 0 0 13,350 现已开放 URA 白地地段 8 Woodlands Avenue 2（10） 2.75 4.2 440 0 78,000 现已开放 URA 酒店地段 9 River Valley Road（11） 1.02 2.8 0 530 2,000 现已开放 URA 合计（储备名单） 3,460 530 93,850 合计（确认名单及储备名单） 8,910 530 107,750 （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指导原则。 （2）2024年上半年新增地段。 （3）地段须设最少600平方米GFA的托儿中心。 （4）地段须设最少500平方米GFA的托儿中心。 （5）地段仅供长住服务公寓用途，并设有400平方米的零售上限。 （6）地段设有3,000平方米GFA的零售上限。 （7）地段设有10,500平方米GFA的零售上限，以及最少650平方米GFA的托儿中心。 （8）该地段部分GFA将用于长住服务公寓。地段设有500平方米GFA的零售上限。 （9）地段须设最少8,400平方米GFA的办公空间，以及最少650平方米GFA的托儿中心。 （10）地段设有33,000平方米GFA的零售上限，以及最少45,000平方米GFA的办公空间。 （11）地段设有2.000平方米GFA的零售上限。 （12）指详细售地条件预计可供索取、并可提交申请的日期。 （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指导原则。 （2）2024年上半年新增地段。 （3）地段须设最少600平方米GFA的托儿中心。 （4）地段须设最少500平方米GFA的托儿中心。 （5）地段仅供长住服务公寓用途，并设有400平方米的零售上限。 （6）地段设有3,000平方米GFA的零售上限。 （7）地段设有10,500平方米GFA的零售上限，以及最少650平方米GFA的托儿中心。 （8）该地段部分GFA将用于长住服务公寓。地段设有500平方米GFA的零售上限。 （9）地段须设最少8,400平方米GFA的办公空间，以及最少650平方米GFA的托儿中心。 （10）地段设有33,000平方米GFA的零售上限，以及最少45,000平方米GFA的办公空间。 （11）地段设有2.000平方米GFA的零售上限。 （12）指详细售地条件预计可供索取、并可提交申请的日期。 附录2 ------------ 2023年下半年（2H2023）GLS计划进度 （截至2023年12月6日） 1. 2023年下半年GLS计划包括十七个地段，其中八个在确认名单上，九个在储备名单上。 2. 迄今，确认名单上的全部八个地段均已推出招标，标书将于2024年6月前截止。 3. 储备名单上的全部九个地段，包括六个私人住宅地段、一个商业地段、一个白地地段及一个酒店地段，将结转至2024年上半年GLS计划。