Release of First Half 2021 Government Land Sales (GLS) Programme
Moderate confirmed supply and substantial demand-triggered reserve capacity signal caution amid economic uncertainty while potentially helping balance future housing availability with developer appetite.
The 1H2021 GLS Programme offered four Confirmed List and nine Reserve List sites capable of yielding about 7,045 private homes.
Body
1. The Government today announced the Government Land Sales (GLS) Programme for the first half of 2021 (1H2021), which comprises four Confirmed List sites and nine Reserve List sites. These sites can yield about 7,045 private residential units, 101,200 sqm gross floor area (GFA) of commercial space and 1,070 hotel rooms (see Appendix 1 & Appendix 2).
2. The land supply from the 1H2021 GLS Programme has been carefully calibrated to take into account the COVID-19 and macroeconomic situation. Given the continued uncertainties in economic and labour market conditions, the Government has decided to maintain a moderate supply of private residential units on the Confirmed List and will not introduce any new sites for predominantly commercial or hotel use in the 1H2021 GLS Programme. Nonetheless, there is a good selection of sites with additional supply in the Reserve List that developers can initiate for development if they assess that there is demand.
3. The Confirmed List comprises four private residential sites [including one Executive Condominium (EC) site] which can yield about 1,605 private residential units (including 590 EC units) and 9,200 sqm GFA of commercial space.
4. The Reserve List comprises five private residential sites (including one EC site), three White sites and one hotel site. These sites can yield about 5,440 private residential units (including 700 EC units), 92,000 sqm GFA of commercial space and 1,070 hotel rooms.
5. The Government will continue to monitor economic and property market conditions closely and adjust the supply of future GLS Programmes, as necessary.
Supply of Private Housing
6. The private housing supply in the 1H2021 GLS Programme, together with the supply of units already in the pipeline, will sufficiently cater to the housing needs of the population when completed in about four to five years’ time. The supply on the Reserve List also gives developers a good selection of sites to initiate for development.
Supply of Commercial Space
7. The White site at Woodlands Avenue 2 for a mixed-use development will be carried over from the 2H2020 Reserve List to the 1H2021 Reserve List. This site will provide opportunity for developers to initiate the development of more office and retail space if there is demand.
Supply of Hotel Rooms
8. The 1H2021 Reserve List includes two sites at Marina View and River Valley Road, which are carried over from the 2H2020 Reserve List. These sites will provide opportunities for developers to initiate additional supply of hotel rooms if there is demand.
Appendix 1
------------
Proposed Residential, Commercial and Hotel Sites for 1H2021 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 62 (Parcel A) (EC)
2.37
2.5
590
0
0
Apr 2021
HDB
2
Lentor Central (3)
1.72
3.5
610
0
8,000
Apr 2021
URA
3
Slim Barracks Rise (Parcel A) (2)(4)
0.79
0.79
3.0
265
0
800
Jun 2021
URA
4
Slim Barracks Rise (Parcel B) (2)(5)
0.59
0.59
2.1
140
0
400
Jun 2021
URA
Total (Confirmed List)
1,605
0
9,200
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 (9)
Sales Agent
Reserve List
Residential Sites
1
Dairy Farm Walk
1.56
2.1
385
0
0
Available
URA
2
Dunman Road
2.52
3.5
1,035
0
0
Available
URA
3
Hillview Rise
1.03
2.8
335
0
0
Available
URA
4
Jalan Tembusu (2)
1.95
2.8
640
0
0
May 2021
URA
5
Tampines Street 62 (Parcel B) (EC) (2)
2.80
2.5
700
0
0
May 2021
HDB
White Sites
6
Kampong Bugis (6)
8.29
-
1,000
0
10,000
Available
URA
7
Marina View (7)
0.78
13.0
905
540
2,000
Available
URA
8
Woodlands Avenue 2 (8)
2.75
4.2
440
0
78,000
Available
URA
Hotel Sites
9
River Valley Road (7)
1.02
2.8
0
530
2,000
Available
URA
Total (Reserve List)
5,440
1,070
92,000
Total (Confirmed List and Reserve List)
7,045
1,070
101,200
(1) The estimated number of dwelling units for Executive Condominium sites and sites in Central Area take into account the average unit sizes of recent comparable developments. The Development Control guidelines issued on 17 Oct 2018 for the maximum allowable number of residential units are used to estimate the yield of residential units for sites in Outside Central Area.
(2) New sites introduced in 1H2021.
(3) Site is imposed with a retail cap of 8,000 sqm GFA.
(4) Site is imposed with a retail cap of 800 sqm GFA.
(5) Site is imposed with a retail cap of 400 sqm GFA.
(6) This is a Master Developer site with a total GFA of 390,000 sqm to be completed in phases over an estimated 11 to 13 years. The residential units for the site will be capped at 4,000 units and the non-residential GFA is capped at 50,000 sqm (including a retail cap of 10,000 sqm GFA). The estimation of 1,000 residential units and 10,000 sqm GFA of commercial space is based on the respective quanta expected to kick-start Phase 1 of the development and build up critical mass for this car-lite precinct.
(7) Sites are imposed with a retail cap of 2,000 sqm GFA.
(8) Site is imposed with a retail cap of 33,000 sqm GFA and a minimum office quantum of 45,000 sqm GFA.
(9) Refers to estimated date the detailed conditions of sale will be available and applications can be submitted.
(1) The estimated number of dwelling units for Executive Condominium sites and sites in Central Area take into account the average unit sizes of recent comparable developments. The Development Control guidelines issued on 17 Oct 2018 for the maximum allowable number of residential units are used to estimate the yield of residential units for sites in Outside Central Area.
(2) New sites introduced in 1H2021.
(3) Site is imposed with a retail cap of 8,000 sqm GFA.
(4) Site is imposed with a retail cap of 800 sqm GFA.
(5) Site is imposed with a retail cap of 400 sqm GFA.
(6) This is a Master Developer site with a total GFA of 390,000 sqm to be completed in phases over an estimated 11 to 13 years. The residential units for the site will be capped at 4,000 units and the non-residential GFA is capped at 50,000 sqm (including a retail cap of 10,000 sqm GFA). The estimation of 1,000 residential units and 10,000 sqm GFA of commercial space is based on the respective quanta expected to kick-start Phase 1 of the development and build up critical mass for this car-lite precinct.
(7) Sites are imposed with a retail cap of 2,000 sqm GFA.
(8) Site is imposed with a retail cap of 33,000 sqm GFA and a minimum office quantum of 45,000 sqm GFA.
(9) 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 2020 (2H2020)
(as at 3 December 2020)
1. The second half of 2020 (2H2020) GLS Programme comprises twelve sites, of which three are on the Confirmed List and nine are on the Reserve List.
2. To date, all the three Confirmed List sites have been launched for tender and the tenders will close progressively from April 2021 to May 2021.
3. A total of five residential sites, three White sites and one hotel site remain on the 2H2020 Reserve List and will be carried over to the first half 2021 (1H2021) GLS Programme.