The Government Land Sale (GLS) programme for the second half of 2025 (2H2025) has been announced, featuring a notable shift in strategy with a 29% increase in residential supply on the Reserve List compared to the previous half. This adjustment comes amidst a backdrop of slower home sales and rising prices, as noted by Tricia Song, CBRE Head of Research for Singapore and Southeast Asia.
The overall private housing supply is set to rise to approximately 9,200 units, up from 8,505 units in the first half of 2025.
The Confirmed List will offer 4,725 private housing units, including 990 Executive Condominium (EC) units. Meanwhile, the Reserve List will provide an additional 4,475 units, up from 3,475 in the first half of the year. Notably, the Reserve List includes new sites at Cross Street and Telok Ayer, which can accommodate 500 long-stay Serviced Apartments (SA2) units. In total, 1,020 SA2 units could be developed if demand arises.
The decision to bolster the Reserve List is seen as a strategic response to the current economic climate. “Developers have been measured in their bids, signalling a cautious outlook,” Song commented. The full-year total for the Confirmed List will reach 7,785 private homes, providing ample opportunities for developers to secure future land banking.
Among the most attractive new sites on the Confirmed List are those near mature public housing estates and MRT stations, such as Bukit Timah, Kallang Avenue, and Dover Road. These locations offer diverse options to suit various budgets and needs, with proximity to key amenities enhancing their appeal.
The government will continue to monitor market conditions closely, adjusting the GLS programme as necessary to meet Singapore’s evolving housing, commercial, and hospitality needs.
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