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)