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)
First site in Marina South, located on Marina Gardens Lane New Condo, is right near to Gardens by the Bay, another of the locations identified by the government on Tuesday. Construction in the area is scheduled to begin at this location.
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The site at Bukit Timah Link new condo is 49,633 square feet, and the tallest building that can go there is 20 stories. The 99-year leasehold site has a maximum GFA of 148,908 square feet and can hold about 160 units.
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As part of the government’s 2H 2022 GLS land plots, the last available parcel of land along Clementi Ave 1 new condo will be launched. Developers will be able to submit applications for this project’s site, following which it will enter the Tender Stage and ultimately be granted to a successful bidder.
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An office, residential, and retail complex is planned for the block of land above the Woodlands TEL station at Woodlands Avenue 2 New Condo.
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Bukit Batok Avenue 5 Executive Condo EC is a brand-new condominium building in the heart of Bukit Batok Town. The project is one of the first five ECs to be offered for sale via the Government Land Sales program.
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