The Singapore government has announced its Government Land Sale (GLS) Programme for the second half of 2026, maintaining a stable supply of over 9,000 new non-landed private homes. This includes 4,745 units on the Confirmed List, closely mirroring the 4,575 units from the first half of the year. The programme also signals a strategic shift towards decentralising commercial office activity, with the Town Hall Link site moved from the Reserve List to the Confirmed List.
Leonard Tay, Head of Research at Knight Frank Singapore, noted the absence of new commercial sites in the Downtown Core Planning Area, which could lead to increased rental premiums in the central business district (CBD) when economic conditions improve. Tay highlighted the potential of decentralised locations like Jurong East, suggesting that a forward-looking discounted office rent could attract businesses to these areas.
The Confirmed List includes notable sites such as Orchard Boulevard, East Coast Road, and Jurong East Avenue 1. The Orchard Boulevard site, positioned in a quieter area near the bustling Orchard Road, is expected to appeal to luxury residential buyers. Meanwhile, the East Coast Road site offers a boutique residential development opportunity in the Siglap enclave, though its minimum unit size may limit scalability.
Jurong East Avenue 1, an Executive Condominium (EC) site, is anticipated to attract developers and buyers due to its proximity to established residential areas and future transport links. The Town Hall Link site in Jurong East is poised to become a significant integrated development, potentially yielding 1,200 homes and substantial office and retail space. However, the success of decentralised office spaces remains uncertain amongst large corporates.
