Private Housing

Singapore’s private housing complements our public housing to provide different options for our residents, based on their preferred choice of housing. About a fifth of Singapore's resident population live in private housing. Private developments include condominiums, which are strata-managed, and landed property. These developments are interspersed throughout Singapore according to the Master Plan.

Government Land Sales Programme

The Government releases land through a half-yearly Government Land Sales (GLS) Programme to realise national planning and development objectives. 

The GLS Programme comprises the dual system of the Confirmed and Reserve Lists to provide flexibility in the supply of land for development. While sites on the Confirmed List will be launched for sale on pre-determined dates, Reserve List sites will only be launched for sale when there is sufficient market interest for them.  

Find out more about URA’s land sales programme here.

Stable and Sustainable Property Market

The Government’s objective is to ensure a stable and sustainable property market, where prices move in line with economic fundamentals. To do so, the Government reviews conditions in the residential property market, and makes use of the levers available to ensure a sustainable property market and financial prudence among households.

The Government has made calibrated adjustments to targeted measures in recent years, in response to market trends. Measures introduced or adjusted include the Additional Buyer’s Stamp Duty, Seller’s Stamp Duty, Total Debt Servicing Ratio, and Loan-to-Value limits, for example.

Find out more about the property market here.

About the Building Maintenance and Strata Management Act (BMSMA)

Today, there are more than 300,000 strata units and 3,000 management corporations (MCSTs). To empower the MCSTs in making decisions on the running of their estates, the Building Maintenance and Strata Management Act (BMSMA) was introduced on 1 April 2005. The Act sets out the framework to facilitate self-governance by the Subsidiary Proprietors (SPs), and is administered by the Commissioner of Buildings (COB) of the Building and Construction Authority (BCA). 

BCA has published a guide titled “Strata Living in Singapore – A General Guide” to help SPs understand the key provisions on strata living in condominiums and apartments. Key information covered in the guide includes the duties and responsibilities of parties (including SPs, MCSTs and developers), significance of share values, and maintenance contributions.

You may also access BCA’s webpage here for more info.

The BMSMA is regularly reviewed to ensure that it is up to date and meets the current needs of all stakeholders. The latest Bill to amend the BMSMA was passed by Parliament in September 2017. Prior to this, we had undertaken a comprehensive review to enhance the self-regulatory framework of the Act. This review included three rounds of public consultations, with the final round conducted in February 2017. 

Some of the key amendments include:

  • Setting a cap on the number of proxies one person can hold in any strata-titled development;
  • Obtaining consent from nominees before they can be nominated and elected into the council;
  • Expanding the Commissioner of Buildings’ monitoring powers;
  • Prohibiting any one person from holding more than one office bearer post; and
  • Allowing the installation of safety equipment to prevent harm and ensure security of the subsidiary proprietors

For a summary on the key feedback and responses on the consultation, click here.