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)
Clementi Avenue 1 site’s tender has a tenure of 99 years leasehold and has a site area of 16,542.7 m2. As of the close of tender on 3 July 2019, there’s a total of 5 bid with UOL investments and UIC home coming in top bid at $491.3m This development has a maximum allowable gross floor area (GFA) of 57,900m2, the site area could possibly house 640 home units.
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The site at Tan Quee Lan street is a mixed development with commercial retail shop on 1st storey and residential component on upper level. This development can go up to 30 storeys and potentially build 580 units on a land size of 11,530.9m2. The sales of the land is on a 99 years lease tenure.
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The site of Jalan Bunga Rampai New Condo is approximately 4,666(m2) and can potentially build up to 115 residential units..The Jalan Bunga Rampai New Condo is allowed a permissible total floor area approximately 9.800(m2).
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Located at the intersection of Irwell Bank and the River Valley Road, Irwell Bank new condo is wrapped in 137,656 sq ft area with a 2.8 GPR or Gross Plot Ratio under the Draft Master Plan of 2019. The brand-new development covers an ultimate 385,444 sq ft Gross Floor Area, along with a height building limit of 36 storeys. This highly fascinated residential development can draw a maximum of 445 units, URA explained.
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