Category: Government Land Sales (GLS) in Singapore

Procedure on Government Land Sales (GLS)

Government Land Sales in Singapore has both Confirmed and Reserve List that are release every 6 months on the market. The list are often adjusted base on demand and supply, to provide flexibility for land development for residential and also commercial properties.

Reserve List

Reserve List as it name implied are under “reservation” and only release when a developer sound an interest with an offer that government deem is acceptable or when few developers indicate an interest for the site with a indicative reasonable minimum price.

Confirmed List

Confirmed List are the list of sites currently launched for tenders. There’s often a release date and also a cut off date for the tender. Developers have to apply for the tender under a eDeveloper Packet that consists on

  • Technical Conditions of Tender
  • Application Form
  • Tender Condition
  • Any other document
  • Cost at $181.90 (with GST)

Foreign Developers Requirements

Foreign developers looking to purchase land site in Singapore has first write in to Singapore Land Authority (SLA) and apply for a “Qualifying Certificate (Form QA), together with a security deposit of about 10% of the indicative land price.

The land site will have to be finish within 5 years upon tender.

Foreign developers has to sell all the units within 2 years from TOP or may have to face fine from government.

Details on Government Land Sales (GLS)

Jalan Loyang Besar New Executive Condo

An executive condominium (EC) property at Jalan Loyang Besar in Pasir Ris was put out to public tender by HDB. There is potential to create a new 710-unit EC on the 99-year leasehold site of 305,757 square feet.

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Holland Drive GLS 2024 | Awarded to Capitaland and UOL JV

Holland Drive GLS is a highly sought-after location in Singapore that promises a blend of convenience and tranquility. With its prime location, excellent connectivity, and proximity to various amenities, it presents a fantastic opportunity for both investors and homebuyers.

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Bayshore New Condo

In a significant development for Bayshore’s future waterfront neighborhood, the 1H2024 Government Land Sales (GLS) program has unveiled the very first private development site in the area.

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Margaret Drive New Condo

Margaret Drive new condo site is released as part of 1st half 2024 Government Land Sales program with the tender expected to be concluded in May 2024.

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