Release of Second Half 2020 Government Land Sales (GLS) Programme
Jun 24, 2020
Release of Second Half 2020 Government Land Sales (GLS) Programme
1. The Government today announced the Government Land Sales (GLS) Programme for the second half of 2020 (2H2020), which comprises three Confirmed List sites and nine Reserve List sites. These sites can yield about 6,670 private residential units, 101,500 sqm gross floor area (GFA) of commercial space and 1,070 hotel rooms (see Appendix 1 & Appendix 2).
2. The land supply from the 2H2020 GLS Programme has been calibrated to take into account the global COVID-19 situation. Given the economic contraction and uncertain business outlook, the Government has decided to reduce the supply of private residential units on the Confirmed List and will not introduce any new sites for predominantly commercial or hotel use in the 2H2020 GLS Programme. However, we have to calibrate the reduction carefully to avoid potential supply shortfalls over the medium to longer-term. Hence, we have maintained 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 three private residential sites [including one Executive Condominium (EC) site] which can yield about 1,370 private residential units (including 615 EC units) and 1,500 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 5,300 private residential units (including 590 EC units), 100,000 sqm GFA of commercial space and 1,070 hotel rooms.
Supply of Private Housing
5. With the progressive decline in the unsold inventory of private housing units over the past year[1], the Government has provided a moderate supply via the Confirmed List in the 2H2020 GLS Programme. Together with the supply of units already in the pipeline, this will cater to the housing needs of the population when completed in about four to five years’ time.
6. The Confirmed List sites will be launched in the last quarter of 2020, each with a longer tender period of about six months to give developers more time to make their assessment in view of the ongoing COVID-19 situation.
Supply of Commercial Space
7. The White site at Woodlands Avenue 2 for a mixed-use development will be carried over from the 1H2020 Reserve List to the 2H2020 Reserve List. This site will provide opportunity for the market to initiate the development of more office space if there is demand.
Supply of Hotel Rooms
8. The two existing sites at Marina View and River Valley Road will be carried over to the 2H2020 Reserve List. These sites will provide opportunities for developers to initiate additional supply of hotel rooms if there is demand.
[1] The number of unsold private housing units with planning approval has declined by a cumulative 20% between 1Q2019 and 1Q2020.
Appendix 1
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PROPOSED RESIDENTIAL, COMMERCIAL AND HOTEL SITES FOR 2H2020 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 |
Northumberland Road (2)(3) |
0.83 |
4.2 |
385 |
0 |
1,500 |
Oct 2020 |
URA |
| 2 |
Ang Mo Kio Avenue 1 (2) |
1.26 |
2.5 |
370 |
0 |
0 |
Nov 2020 |
URA |
| 3 |
Tengah Garden Walk (EC) (2) |
2.20 |
2.8 |
615 |
0 |
0 |
Nov 2020 |
HDB |
| |
Total (Confirmed List) |
1,370 |
0 |
1,500 |
|
|
| 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 (8) |
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 |
Tampines Street 62 (EC) |
2.37 |
2.5 |
590 |
0 |
0 |
Available |
HDB |
| 5 |
Lentor Central (2)(4) |
1.72 |
3.5 |
610 |
0 |
8,000 |
Dec 2020 |
URA |
| White Sites |
| 6 |
Kampong Bugis (5) |
8.29 |
- |
1,000 |
0 |
10,000 |
Available |
URA |
| 7 |
Marina View (6) |
0.78 |
13.0 |
905 |
540 |
2,000 |
Available |
URA |
| 8 |
Woodlands Avenue 2 (7) |
2.75 |
4.2 |
440 |
0 |
78,000 |
Available |
URA |
| Hotel Sites |
| 9 |
River Valley Road (6) |
1.02 |
2.8 |
0 |
530 |
2,000 |
Available |
URA |
| |
Total (Reserve List) |
5,300 |
1,070 |
100,000 |
|
|
| |
Total (Confirmed List and Reserve List) |
6,670 |
1,070 |
101,500 |
|
|
|
(1) The estimated number of residential 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. The estimated number of residential units have been adjusted based on revised site areas.
(2) New sites introduced in 2H2020.
(3) Site is imposed with a retail cap of 1,500 sqm GFA and a minimum 500 sqm GFA for childcare centre.
(4) Site is imposed with a retail cap of 8,000 sqm GFA.
(5) 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.
(6) Sites are imposed with a retail cap of 2,000 sqm GFA.
(7) Site is imposed with a retail cap of 33,000 sqm GFA and a minimum office quantum of 45,000 sqm GFA.
(8) Refers to estimated date the detailed conditions of sale will be available and applications can be submitted.
|
Appendix 2
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Status of the GLS Programme for the First Half of 2020 (1H2020)
(as at 24 June 2020)
1. The first half of 2020 (1H2020) GLS Programme comprises eleven sites, of which three are on the Confirmed List and eight are on the Reserve List.
2. To date, two of the three Confirmed List sites have been launched for tender and the remaining Confirmed List site will be launched for tender in the later part of June 2020. The tenders for the three Confirmed List sites will close progressively from October 2020 to March 2021.
3. A total of four residential sites, three White sites and one hotel site remain on the 1H2020 Reserve List, and will be carried over to the second half 2020 (2H2020) GLS Programme.