Government Land Sales

Government Land Sales


Government Land Sales

Ever wondered how a project is being launched in Singapore? Developers do not magically launch a project out from no where. Land is scarce in Singapore. Land is controlled and parcels of state land are released via the Government Land Sales (GLS) programme. The URA & HDB acts as the agents in carrying out land sales mainly for commercial, hotel and private residential developments. Each programme is planned for and announced every 6 months. The GLS sites are released through two main systems – the reserve list and the confirmed list. Sites are usually sold on 99-year leases for commercial, hotel and private residential developments. Other lease tenures may be offered depending on the specific sites, e.g. some commercial sites may be offered for leases ranging from 15 years to 60 years.

Government Land Sales – (SOLD & Launched)

Location / Project Site Area (sqm) Date Sold Developer Land Cost PSF
Q-Bay Residences  20071.1 21/05/2012 F.E. Lakeside Pte. Ltd., FCL Topaz Pte. Ltd. and Sekisui House, Ltd. $252.8M $417
Lakeville 22,357.3 31/01/2013 MCL Land (Prestige) Pte. Ltd. $438.9M $651
Jewel@Buangkok 18,340.7 15/06/2012 White Haven Properties Pte. Ltd. $301M $508
J Gateway 11,588 31/05/2012 MCL Land Limited $368.4M $705
Waterfront@Faber 15,125.4 20/06/2013 World Class Land Pte Ltd $156.7M $687
Venue Residences 8,200.3 07/09/2012 Verwood Holdings Pte. Ltd. and Intrepid Investments Pte. Ltd. $245M $793
The Hillford 10,170.8 22/11/2012 World Class Developments (North) Pte Ltd $73.8M $481
The Skywoods 17,545.8 25/09/2012 First Shine Properties Pte Ltd and Meadows Bright Development Pte Ltd $244.3M $615
Sant Ritz 4,850.5 04/07/2012 Santarli Corporation Pte Ltd $114.8M $628
The Panorama 18,482.2 09/01/2013 Pinehill Investments Pte. Ltd. $550M $789
The Santorini 17,102.9 19/07/2013 MCC Land (Singapore) Pte Ltd $289.7M $562
Alex Residences 6,501.4 17/12/2012 Singland Homes Pte. Ltd. $332.7M $970
Commonwealth Towers 12,086.8 7/2/2013 Wealthall Development Pte Ltd $562.8M $882
Rivertrees Residences 14,930.5 14/6/2013 WaterVine Homes Pte Ltd $257M $533
Riverbank@Fernvale 16,603.9 12/4/2013 UOL Development (SengKang) Pte Ltd $262.1 $488
Highline Residences 10,990.6 23/04/2013 Harvestland Development Pte Ltd $550.28M $1162
Symphony Suites 20.553.8 13/03/2014 EL Development Pte Ltd $278.8M $450
Tre Residences 6,238.1 24/01/2014 S L (Serangoon) Pte Ltd $145.89M $775
Kingsford Waterbay 15,340.6 02/12/2013 Kingsford Development Pte Ltd $258.8M $522
11.961.4 $201.63M $522
Sophia Hills 23,770.5 12/09/2013 Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd and S C Wong Holdings Pte Ltd $442.28M $1,156
Botanque @ Bartley 20,077.6 15/01/2014 UOL Overseas Investments Pte Ltd $392.3M $648
Alex Residences 23,785.4 25/09/2012 Wingstar Investment Pte. Ltd., Metro Australia Holdings Pte Ltd and Maxdin Pte Ltd $516,298,888 $960

 

Government Land Sales – Upcoming

Location Site Area Plot Ratio Estimated Launch
Chong Kuo Road 0.48 ha 1.4 Oct 2017
 Handy Road 0.52 ha 2.8 / 1.4 Nov 2017
 Hillview Rise 1.43 ha 2.8 Dec 2017
 Subang Walk (EC) 2.71 ha 3.0 Dec 2017

 

Government Land Sales – reserve list

Definitions

Project / Location : The location or project name of the development.

Site Area : The area of land in which the development is located.

Plot Ratio : The density of the development within the specific site area.

Date Launch : The date in which the land parcel is being put up on sale by public tender.

Total no. of Bids : The total number of bids received from developers for that particular plot of land.

Date Sold : The date in which the land parcel is being sold by the Government to the developer. This date is the start of the tenure

Developer : The company that has been awarded to develop the site. (usually highest bidder) Sometimes, companies may form joint ventures to bid for a particular plot of land.

Land Cost : The amount of money that the developer paid to the Government for the piece of land. (The amount will be round off to the nearest million)

PSF : The per square foot cost of the land.