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)
With an amazing view of the Singapore River, the future resident of Jiak Kim Site is going to have an astonishing view through their balcony. With luscious landscape and a modern entrance, this property’s location is a sought-after site in the district. The site has a very tranquil neighborhood that is adjacent to an array of amenities for excellent convenience.
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Sengkang Central Mixed Development site is an enticing location bounded with wide-ranging luxuries. Urban Redevelopment Authority (URA) broadcasted that Sengkang Central’s site is about to launched as part of the programme of Government Land Sales (GLS).
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Singapore; URA will be launching a White site for sale under 2H2019 Government Land Sales (GLS) program. Unlike other land sales, this site will be under the concept and price approach whereby site tenderer will be assess based on proposal first. Only those successful concept proposals will be evaluated on their tender price.
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This private residential condo is suitably nestled in the tranquil District 19 of Singapore. It is bordering to quite a few amenities that residents can take pleasure.
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Jalan Jurong Kechil Residential Development site is strategically positioned at the tranquil area of District 21 yet neighboring to various amenities for residents to take pleasure. Its tendered price is proceed at $5,182.95 per square meter. As stated to a publication from the Urban Redevelopment Authority (URA)
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