The Government Land Sales (GLS) Programme for the second half of 2025 continues to maintain a steady supply of private homes, according to Knight Frank Singapore.
Despite a slight decrease in the number of residential units in the Confirmed List from 5,030 in H1 2025 to 4,725 in H2 2025, the Reserve List has seen an increase from 3,475 to 4,475 units. This adjustment comes amidst a backdrop of anticipated declining interest rates, tight national employment, and strong household balance sheets, which are expected to support the private residential market.
The GLS Programme’s Confirmed List includes ten new sites, featuring a mix of central and suburban locations with a significant inclusion of executive condominiums (ECs). Notably, the Bukit Timah Road site is expected to yield around 340 non-landed homes, drawing interest due to its proximity to Newton MRT station and the Orchard Road shopping belt. Similarly, the Bedok Rise site, adjacent to Tanah Merah MRT station, is anticipated to yield approximately 380 non-landed private homes.
Leonard Tay, Head of Research at Knight Frank Singapore, highlighted the strategic placement of these sites, stating, “The provision of ten new sites in the Confirmed List comprises a good mix of central and suburban locations, with a hearty infusion of executive condominiums plots.”
The Reserve List has introduced two new sites at Cross Street and Telok Ayer Street, with the latter being a mixed-use site likely to attract developers due to its central location. The ongoing gentrification of areas like Kallang and Lentor Central further underscores the government’s commitment to transforming these regions into vibrant residential hubs.
As the year progresses, the market will closely watch how these developments unfold, particularly in light of global political and economic uncertainties that may influence buyer sentiment.
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