SINGAPORE — Singapore has increased the private housing supply on the Confirmed List of the Government Land Sales (GLS) Programme for the second half of the year to 5,160 units, up from 4,090 in the first six months.
The total of 9,250 units for the whole of 2023 is the highest in a decade. It is also nearly 50 per cent higher than the supply in 2022, and around 2.5 times that of 2021.
This latest injection will take the total pipeline supply of private housing, including ECs, to about 63,500 units and"cater to resilient demand", said URA. This forms part of the total supply of about 100,000 public and private housing units to be completed between 2023 and 2025. Land on the Reserve List, meanwhile, is not released for tender immediately, but is made available for application. A Reserve List site is put up for tender when a developer indicates a minimum price which is accepted by the government.
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