Singapore’s H1 2016 GLS comprises 4 Confirmed List sites

THE Singapore Government Land Sales programme (GLS) for the first half of 2016 will comprise four sites on the Confirmed List and 12 sites on the Reserve List.

In all, these sites can yield up to 7,420 private residential units, including 1,460 executive condominium (EC) units, and 272,600 square metres gross floor area (GFA) of commercial space, the Ministry of National Development said on Thursday.

Those on the Confirmed List could yield some 1,560 residential units at Jalan Kandis, Martin Place, and Anchorvale Lane (EC), and 11,000 sq m GFA of commercial space at Bukit Batok West Avenue 6. The Jalan Kandis residential site and Bukit Batok West Avenue 6 commercial and residential site were previously on the H2 2015 Reserve List.

Of the sites on the H1 2016 Reserve List, which are triggered for sale only if a developer’s indicated minimum price in his application is acceptable to the government, only two are new sites at West Coast Vale and Fernvale Road and the rest were carried over from H2 2015 Reserve List.

This brings H1 2016 GLS Reserve List to eight private residential sites (including one EC site), one commercial and residential site, two commercial sites and one white site that will collectively yield about 5,860 private residential units (including 820 EC units) and 261,600 sq m GFA of commercial space, mostly for office use.

“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,” the Ministry of National Development said on Thursday.

The residential sites on the H1 2016 Confirmed List are located in Outside Central Region and Core Central Region. These sites are expected to add about 1,560 private residential units (including 640 EC units) to the existing pipeline supply of about 73,000 private residential units (including ECs).

The H1 2016 Reserve List includes three sites at Beach Road, Woodlands Square and Central Boulevard for mixed-use developments which will comprise mainly office space. “These three sites will allow developers to initiate the development of more office space if they assess that there is demand,” MND said.

The second half 2015 GLS Programme comprised 17 sites, of which four are on the Confirmed List and 13 are on the Reserve List. To date, tenders for two Confirmed List sites have been awarded. The tenders for the remaining 2 Confirmed List sites (one on-going tender and the other to be launched in later part of December 2015) will be completed by February 2016. The Reserve List site at Lorong Lew Lian has been triggered for sale and sold.

BT – 17 Dec 2015

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