Singapore announces first half 2017 GLS Program

Singapore government on Friday announced the first half 2017 Government Land Sales (GLS) Program, which comprises five Confirmed List sites and 10 Reserve List sites.

These sites can yield up to 7,465 private residential units and 158,080 sqm gross floor area (GFA) of commercial space, according to a statement by the Ministry of National Development(MND).

The ministry said the Confirmed List comprises five private residential sites which can yield 2,330 private residential units. This is higher than the 2,170 units from the second half 2016 Confirmed List, but closer to the 2,445 units from the second half 2016 GLS Program which resulted from the trigger and sale of a Reserve List site in December.

The Reserve List comprises seven private residential sites, including one Executive Condominium (EC) site; one commercial and residential site and two commercial sites. These sites can yield 5,135 private residential units, including 775 EC units; and 158,080 sqm GFA of commercial space, mostly for office use.

MND added that the sites in the first half 2017 Confirmed List are distributed across city fringe and suburban area, and in various planning areas.

The demand for new housing from prospective home-buyers has remained healthy in 2016, said the ministry. The continued supply of residential sites through GLS Program will ensure that there is a steady pipeline of new private housing units to meet needs of the resident population. Endit