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)
Irwell Bank Road en bloc was launched into tender last October 2019. This en bloc has a land size of 12,785 square meters which also holds a 99-year leasehold tenure. The en bloc receives an astonishing number of bids that come from a total of seven interested developers in the country.
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Pasir Ris Central New Condo is an upcoming white site or a mixed-used area which will rock soon the world of the condominium in Singapore. This development expands as wide as 3.8 hectares, anchoring at least 480 private housing homes. It covers 95000 sqm , the total floor area and matched it with an allowable 49 m up to 53 m, total height of the building.
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Bernam Street have been launched into the Government Land Sales (GLS) programme last May 2019. This site which have a massive land size of 3,846.2 square meters showcased a promising potential in the area.
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Tampines Street 62 site has a tenure of 99 years with site area of 23,779.2 m2 or about 2.37ha. This development has a maximum gross floor area of 59,498 m2 and is expected to build about 595 residential units. The large site enable developer to build ample condo facilities for the enjoyment of every residents here. This site is part of the Housing & Development Board (HDB) Confirm List of 2nd half 2019 Government Land sales.
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Fernvale Lane site has a tenure of 99 years with site area of 17,129.9 m2. This development has a maximum gross floor area of 47,964 m2 and is expected to build executive condo with about 480 units. This site is under the Confirm List of 2nd half 2019 Government Land sales put up by Housing & Development Board (HDB). Tender for this site will close on 3 March 2020.
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