{"id":112892,"date":"2019-12-05T14:31:01","date_gmt":"2019-12-05T07:31:01","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/government-releases-gls-residential-sites-for-1h-2020\/"},"modified":"2019-12-05T15:04:22","modified_gmt":"2019-12-05T08:04:22","slug":"government-releases-gls-residential-sites-for-1h-2020","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/government-releases-gls-residential-sites-for-1h-2020\/","title":{"rendered":"Government releases GLS residential sites for 1H 2020"},"content":{"rendered":"


\nThe Ministry of National Development (MND) announced on 3 December it will release three confirmed\u00a0sites for private residential developments in the 1H 2020 Government Land Sales (GLS) programme.
\nThe 1H 2020 sites will yield a combined 1,775 units. While the number of sites and units released\u00a0is lower\u00a0than the\u00a0five confirmed sites and 2,025 total homes in the 1H 2019 exercise, it is\u00a0comparable to the 1,715 units released in the second half of 2019 across five sites.
\nConfirmed sites are land parcels\u00a0that are\u00a0launched according to schedule, regardless of demand. Reserve sites, on the other hand, are\u00a0launched only upon successful application by a developer or when there is sufficient market interest in a site.
\nOut of the three confirmed sites for 1H 2020,\u00a0two are solely private residential sites located at Yishun Avenue 9, a Executive Condominium site, and Tanah Merah Kechil Link. Both sites can yield 600 and 310 residential units respectively.\u00a0Notably, the\u00a0Jalan Anak Bukit site is a mixed residential and commercial integrated transport hub that can yield 865 housing units.
\nLarge number of GLS units in the pipeline: MND
\nThe MND indicated that despite a progressive decline of unsold private housing units throughout 2019, there are still about 39,000 units in the pipeline. Of this, 34,000 are from GLS and collective sale sites with planning approval, whereas 5,000 units are still\u00a0awaiting approval.
\nConsidering the number of unsold units, MND stated that the number of confirmed sites to be released in 1H 2019 is in line with the government\u2019s intention to moderate the large supply of unsold private residential units in the market.
\n\u201cWhile the demand for private housing units has increased in the past two quarters, the overall transaction volume has remained modest relative to the period leading up to the introduction of the property market cooling measures,\u201d MND said,\u00a0reported The Straits Times.
\n\u201cThe Government will continue to monitor the property market closely and adjust the supply for future GLS programmes, as necessary.\u201d
\nGovernment may sell land for up to\u00a06,490 private homes in H1 2020
\nWith 1,775 private residential units\u00a0on the confirmed list, the remainder of the\u00a0units are in the reserve list, which may not be triggered for sale.\u00a0The reserve list consists of four private residential sites (including one EC site), three white sites and one hotel site.
\nThese sites can yield about 4,715 private residential units (including 595 EC units), 92,000 sq m GFA of commercial space and 1,070 hotel rooms.
\nThe four private residential sites are located at Dairy Farm Walk, Dunman Road, Hillview Rise and Tampines Street 62 (EC site). The three\u00a0white sites are at Marina View, Woodlands Avenue 2 and Kampong Bugis, and the hotel site is located at River Valley Road.
\nIn total, land for\u00a06,490\u00a0homes may potentially be sold under the reserve and confirmed list sites in the H1 2020 GLS programme.
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nKyle Leung, Digital Content\u00a0Manager at PropertyGuru, edited this story.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Government releases GLS residential sites for 1H 2020<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Ministry of National Development (MND) announced on 3 December it will release three confirmed\u00a0sites...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-112892","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-tmQ","jetpack-related-posts":[{"id":38280,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-confirmed-list-sites-to-launch-in-1h-2017-could-yield-2330-units\/","url_meta":{"origin":112892,"position":0},"title":"5 confirmed list sites to launch in 1H 2017, could yield 2,330 units","date":"December 16, 2016","format":false,"excerpt":"\r The government will look to ensure there is a steady supply of new homes to meet the needs of Singaporeans. The Ministry of National Development (MND) announced on Friday (16 December) that there will be five confirmed list sites and 10 on the reserve list in the first half\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74508,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-unveils-gls-programme-for-1h-2018\/","url_meta":{"origin":112892,"position":1},"title":"Gov\u2019t unveils GLS Programme for 1H 2018","date":"December 14, 2017","format":false,"excerpt":"\r Six confirmed list sites and nine reserve list plots will be launched under the 1H 2018 Government Land Sales (GLS) Programme, announced the Urban Redevelopment Authority on Wednesday (13 December 2017). These land parcels can potentially yield a total of around 8,045 private dwellings and 63,960 sq m in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52468,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-2-housing-sites-for-sale\/","url_meta":{"origin":112892,"position":2},"title":"URA launches 2 housing sites for sale","date":"April 21, 2017","format":false,"excerpt":"\r Two housing sites at Stirling Road and Lorong 1 Realty Park were launched for sale by public tender by the Urban Redevelopment Authority (URA) on Thursday (21 April). Offered on a 99-year leasehold tenure, both sites can potentially yield about 1,160 units. The 21,109.5 sq m plot at Stirling\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92702,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-to-release-14-sites-yielding-a-total-of-8040-homes\/","url_meta":{"origin":112892,"position":3},"title":"Govt to release 14 sites yielding a total of 8,040 homes","date":"June 28, 2018","format":false,"excerpt":"\r \u00a0 The Urban Redevelopment Authority said on Wednesday (27 June) that it intends to release six confirmed list sites and nine reserve list sites under the second half 2018 Government Land Sales (GLS) programme. These sites could yield up to 8,040 private homes, including 1,210 executive condominiums (ECs). Specifically,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71104,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/en-bloc-sales-soars-by-over-4-fold-says-mnd\/","url_meta":{"origin":112892,"position":4},"title":"En bloc sales soars by over 4-fold, says MND","date":"November 7, 2017","format":false,"excerpt":"\r An aerial view of Rio Casa, a 286-unit development at Hougang Avenue 7. (Photo: Knight Frank Singapore) Collective sales have surged from around 600 units for the whole of 2016 to about 2,700 existing private homes so far this year, revealed the Ministry of National Development (MND) during a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123840,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-to-launch-up-to-23000-new-bto-flats-per-year-over-next-two-years\/","url_meta":{"origin":112892,"position":5},"title":"HDB to launch up to 23,000 new BTO flats per year over next two years","date":"December 16, 2021","format":false,"excerpt":"\r Separately,\u00a0the government has also released five confirmed list sites and eight reserve list sites\u00a0for\u00a0the\u00a01H 2022 GLS programme. To meet \u201cstrong\u201d housing demand, the Housing and Development Board (HDB) will launch up to 23,000 new Build-To-Order (BTO) flats annually over the next two years, reported Channel News Asia (CNA). This\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/SINGAPORE-HDB-FLAT.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112892"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=112892"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112892\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=112892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=112892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=112892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}