Government releases 14 sites under 2H2024 GLS Programme

The government has released a total of 14 sites under the 2H2024 Government Land Sales (GLS) Programme. This consists of eight private residential development sites, an Executive Condo (EC) site, and a mixed-use commercial & residential site on the Conformed List. Meanwhile, the sites on the Reserve List consist of three private residential sites, two EC sites, a commercial site, two White sites, and a hotel site for application. Read also: Wing Tai Holdings submits top bid of $1,325 psf ppr for residential GLS site at River Valley Green Advertisement If all sites in the 2H2024 GLS programme are tendered and awarded, they will inject 5,050 private residential units. This is on par with the 5,450 units released in the 1H2024 GLs programme. The total supply of 11,110 potential new private homes that the government is releasing this year will be the highest supply introduced into the market in a single year since 2013. Editors note: this is a developing story. More to come.