Singapore trims private housing land supply on confirmed list amid economic headwinds
A total of 22 sites under the GLS programme were announced on June 13. PHOTO: URA
SINGAPORE – Private residential land supply on the confirmed list under the second half of the 2025 Government Land Sales (GLS) programme fell to 4,725 units, but the land supply on the reserve list was increased, the Ministry of National Development said on June 13.
Reserve list sites are launched for sale upon successful application by a developer, or when there is sufficient market interest.
Mr Nicholas Mak, chief research officer at Mogul.sg, said the latest dip could be due to expected economic headwinds and uncertainty in the job market.
Although the confirmed list supply dropped 6.1 per cent to 4,725 units – down from 5,030 in the first half of the year – this is still much higher than the land supply from 2015 to 2023, Huttons Asia senior director of data analytics Lee Sze Teck noted.
A total of 22 sites under the GLS programme were announced on June 13. The 10 sites on the confirmed list and 12 on the reserve list will yield about 9,200 private residential units, up from 8,505 in the first half of the year.
A total of 178,315 sq m gross floor area (GFA) of commercial space and 880 hotel rooms will also be made available.
The addition of 990 EC units from two sites on the confirmed list is expected to boost the EC supply to about 2,000 units for 2025, the highest in a single year since 2014.
The two EC sites are at Woodlands Drive 17 and Miltonia Close. The other confirmed sites are in Dover Road, Dunearn Road, Bukit Timah Road, Bedok Rise, Dairy Farm Walk, Tanjong Rhu Road, Kallang Avenue and Lentor Central.
View of Dairy Farm Walk.
PHOTO: LIANHE ZAOBAO
ERA Singapore chief executive Marcus Chu said: 'The continued release of private housing supply aims to moderate recent bullish land bids in selected locations that have seen overwhelming interest. The release of sites, such as Dunearn Road and Woodlands Drive 17, could ease competition for nearby sites and potentially moderate land bids.'
The Woodlands Drive 17 site, located near Woodlands South MRT station, is the fourth EC site launched in the north. Developers will likely take their cue from bids for an earlier Woodlands Drive EC site, whose tender closes in August, he added.
The Dover site, which has the highest estimated residential yield of about 625 units and 3,000 sq m of commercial space, could help address the housing shortage in the area, Mr Lee said.
'Given the 50,000-strong workforce in one-north, this parcel near the Dover and one-north MRT stations will bring residents closer to key employment hubs,' he added.
The reserve list includes six private residential sites, one commercial site, three white sites – which allow for a mix of uses – and two hotel sites.
These sites can yield an additional 4,475 private homes, 173,800 sq m of commercial GFA and 880 hotel rooms, said the Ministry of National Development.
The white sites for mixed-use developments at Jurong Lake District and Woodlands Avenue 2, as well as the short-term lease commercial site at Punggol Walk, have been carried over from the reserve list in the first half of 2025.
To support vibrancy in the Central Business District, a new hotel site at Telok Ayer Street will be added to the reserve list. The plot is planned for mixed-use development comprising hotel rooms, long-stay serviced apartments, and retail spaces.
Together with the existing hotel site at River Valley Road carried over from the previous reserve list, the two sites will allow developers to increase t he hotel room supply.
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