Release of Second Half 2015 Government Land Sales (GLS) Programme
The programme’s 2,130-unit Confirmed List and larger Reserve List signalled calibrated supply, potentially limiting oversupply while allowing developers to respond to demand.
The 2H2015 Government Land Sales Programme offered 17 sites capable of yielding 7,825 private homes and 277,580 sqm of commercial space.
Body
1. The Government today announced the second half 2015 (2H2015) Government Land Sales (GLS) Programme, which comprises 4 Confirmed List sites and 13 Reserve List sites. These sites can yield up to 7,825 private residential units, including 1,340 Executive Condominium (EC) units, and 277,580 sqm gross floor area (GFA) of commercial space (see Appendices 1 & 2).
2. The Confirmed List comprises 4 private residential sites (including 1 EC site) which can yield about 2,130 private residential units (including 520 EC units).
3. The Reserve List comprises 8 private residential sites (including 1 EC site), 2 commercial & residential sites, 2 commercial sites and 1 White site. These sites can yield about 5,695 private residential units as well as 275,580 sqm GFA of commercial space, mostly for office use.
4. The supply of private housing and commercial space from the GLS Programme, together with supply from projects in the pipeline, will be adequate to meet the demand for private housing and commercial space over the next few years.
Supply of Private Housing
5. The residential sites on the 2H2015 Confirmed List are located in Outside Central Region and Rest of Central Region. These sites are expected to provide a supply of about 2,130 private residential units (including 520 EC units), which will be added to the existing pipeline supply of about 84,000 private residential units (including ECs).
Supply of Commercial Space
6. The Government is releasing a White site in Marina Bay at Central Boulevard for sale via the Reserve List of the 2H2015 GLS Programme. The release of this site will facilitate the continued seamless expansion of the Central Business District at Marina Bay. When developed, the site will complete the streetblock along Shenton Way and enhance pedestrian connectivity in the existing Marina Bay office cluster.
7. The White site at Marina View / Union Street, which had been made available for sale through the Reserve List since October 2011, will be removed from the Reserve List for a review of its development plans.
8. The 2H2015 Reserve List includes 2 other sites for predominantly office developments. Both are carried over from the 1H2015 Reserve List. These sites at Beach Road and Woodlands Square, together with the Central Boulevard site, will allow developers to initiate the development of more office space if they assess that there is demand.
Appendix 1
Appendix 1
PROPOSED RESIDENTIAL, COMMERCIAL AND HOTEL SITES FOR 1H2015 GLS PROGRAMME
CONFIRMED LIST
CONFIRMED LIST
S/N
Location
Site
Area(ha)
Proposed GPR
Estimated No. of Residential Units (1)
Estimated No. of Hotel Rooms (1)
Estimated Commercial Space (m2) (1)
Estimated Launch Date
Sales Agent
Confirmed List
Residential Sites
1
Alexendra View (Parcel A) (PDF 63.97KB)
0.84
0.84
4.9
4.9
400
400
0
2,000
Sep-15
Sep-15
URA
URA
2
Clementi Avenue 1 (PDF, 66.43KB) (2)
1.32
1.32
3.5
460
0
0
Oct-15
URA
3
Siglap Road (PDF, 99.43KB)
1.93
3.5
750
0
0
Nov-15
URA
4
Yio Chu Kang Road (EC) (PDF, 73.66KB)
1.85
2.8
520
0
0
Dec-15
HDB
Commercial & Residential Sites
7
Yishun Avenue 4(2)
0.97
2.8
180
0
10,860
Nov-14
HDB
8
Holland Road(2)
2.31
2.6
580
0
13,500
Dec-14
URA
Commercial Sites
9
Paya Lebar Road / Sims Avenue(2)
3.98
4.2
440
0
132,000
Oct-14
URA
Total (Confirmed List)
2,130
0
2,000
RESERVE LIST
RESERVE LIST
S/N
Location
Site Area(ha)
Proposed GPR
Estimated No. of Residential Units (1)
Estimated No. of Hotel Rooms (1)
Estimated Commercial Space (m2) (1)
Estimated Available Date (3)
Sales Agent
Reserve List
Residential sites
1
Stirling Road (PDF, 60.61KB)
2.11
4.2
1,110
0
0
Available
URA
2
New Upper Changi Road/ Bedok South Avenue 3 (Parcel B) (PDF, 120.39KB )
2.44
2.1
570
0
0
Available
URA
3
Bartley Road / Jalan Bunga Rampai (PDF, 76.75KB)
0.47
2.1
115
0
0
Available
URA
4
Lorong Lew Lian (PDF, 92.75KB)
1.40
3.0
465
0
0
Available
URA
5
Tampines Avenue 10 (Parcel C) (PDF, 59.45KB)
2.17
2.8
675
0
0
Available
URA
6
Margaret Drive (PDF, 74.67KB)
0.48
4.6
275
0
0
Available
URA
7
Jalan Kandis (PDF, 48.98KB)(2)
0.73
1.4
115
0
0
Sep-15
URA
8
Sumang Walk (EC) (PDF, 57.46KB)(2)
2.73
3.0
820
0
0
Dec-15
HDB
Commercial & Residential Sites
9
Holland Road (PDF, 76.90KB)
2.30
2.6
570
0
13,500
Available
URA
10
Bukit Batok West Avenue 6 (PDF, 45.29KB)(2)
Bukit Batok West Avenue 6 (PDF, 45.29KB)(2)
1.40
3.0
345
0
11,000
Dec-15
URA
Commercial Sites
11
Beach Road(PDF, 77.82)
2.10
4.2
0
0
88,200
Available
URA
12
Woodlands Square (PDF, 69.17KB)(4)
2.24
3.5
260
0
54,880
Jun-15
URA
White Sites(5)
13
Central Boulevard (PDF 86.48KB)
1.12
13.0
375
0
108,000
Dec-15
URA
Total (Reserve List)
5,695
0
275,580
Total (Confirmed List and Reserve List)
7,825
0
277,580
(1) The actual number of housing units, hotel rooms and commercial space could be different from the estimated quantum depending on the actual plans of the developers in terms of mix of uses and the size of the housing units and hotel rooms.
(2) New sites introduced in 2H2015.
(3) Refers to the estimated date the detailed conditions of sale will be available and applications can be submitted.
(4) The estimated number of residential unitsand commercial space have been updated to reflect latest changes in site area.
(5) In general, White sites can be developed for commercial, residential or hotel developments, or a mix of such uses. The use quantum in this table is just an estimate based on possible mix of uses allowed within the sites.
(1) The actual number of housing units, hotel rooms and commercial space could be different from the estimated quantum depending on the actual plans of the developers in terms of mix of uses and the size of the housing units and hotel rooms.
(2) New sites introduced in 2H2015.
(3) Refers to the estimated date the detailed conditions of sale will be available and applications can be submitted.
(4) The estimated number of residential unitsand commercial space have been updated to reflect latest changes in site area.
(5) In general, White sites can be developed for commercial, residential or hotel developments, or a mix of such uses. The use quantum in this table is just an estimate based on possible mix of uses allowed within the sites.
Appendix 2
Appendix 2
Status of the GLS Programme for the First Half of 2015
(as at 11 June 2015)
1. The first half 2015 (1H2015) GLS Programme comprised 19 sites, of which 6 are on the Confirmed List and 13 are on the Reserve List.
2. To date, tenders for 2 Confirmed List sites have been awarded. The tenders for the remaining 4 Confirmed List sites (3 on-going tenders and the tender for another site to be launched in June 2015) will be completed by August 2015.
3. No Reserve List site has been triggered for sale. The White site at Marina View / Union Street, which had been made available for sale through the Reserve List since October 2011, will be removed from the Reserve List for a review of its development plans.
4. As a result, a total of 12 sites (i.e. 9 residential sites (including 1 EC site), 1 commercial & residential site and 2 commercial sites) remain on the 1H2015 Reserve List and will be carried over to the second half 2015 (2H2015) GLS Programme.