Hot off the Press: 3 Sites Open for 2H 2022 GLS Programme!

by | Apr 5, 2023

The Singapore government has recently announced the release of the 2H2022 Government Land Sales (GLS) programme, featuring two residential sites and one Executive Condominium (EC) site open for application. This presents an exciting opportunity for property developers and home buyers to acquire prime real estate in Singapore’s thriving property market. With a diverse range of housing options available, this new GLS programme promises to cater to different lifestyles and budgets, making it accessible to a wide range of homebuyers. In this blog post, we’ll take a closer look at these three new sites and what they have to offer.

Residences and EC Sites Open for 2H2022 GLS Programme

Looking to secure a new home or investment property in Singapore? You’re in luck as two residential sites and an Executive Condominium (EC) site are now open for application under the 2H2022 Government Land Sales (GLS) Programme. These sites are part of a total of 14 sites included in the programme, which can yield approximately 7,715 private residential units. The two residential sites and EC site offer a great opportunity to invest in Singapore’s property market, as they are located in prime areas such as Clementi Ave 1 and Street 62. So don’t miss out on this chance to secure your dream property or make a lucrative investment.

The Confirmed and Reserve List for 2H2022 GLS Programme

Moving on to the Confirmed and Reserve List for the second half of 2022 GLS Programme, the Confirmed List includes five private residential sites and one commercial & residential site, totaling to 3,505 units. One of the residential sites is an Executive Condominium (EC) site. The Reserve List comprises six private residential sites (including two EC sites) and one White site. These sites will only be launched for public tender when a developer has submitted an indicated minimum price that is acceptable to the government. With just over a year left in the 2H2022 GLS Programme, developers must act fast to secure prime real estate and provide more housing options for the growing population.

Commercial & Residential Sites Included in 2H2022 GLS Programme

Apart from the five residential sites and one EC site on the Confirmed List of the 2H2022 GLS Programme, there are also a few commercial and mixed-use sites included. In total, there would be one commercial-only site, one White site, and one hotel site, all included in the Reserve List. These sites offer a mix of potential development options for investors and developers looking to diversify their portfolio. With a growing demand for commercial and mixed-use developments in Singapore, these sites could potentially generate interest from local and international investors, further contributing to the country’s economic growth.

Tampines Mixed Commercial/Residential Site Launched by HDB

The recently launched Tampines mixed commercial/residential site has drawn attention as it is one of the six sites included in the 2H2022 Reserve List. As mentioned in the previous sections of the blog, the HDB has released a total of seven new sites that are up for tender in the second half of 2022. This particular site offers a great opportunity for developers and investors to tap into the bustling and thriving Tampines area, which is known for its connectivity, amenities, and strong rental demand. The mixed-use development could potentially offer a diverse range of offerings, including retail outlets, F&B establishments, offices, and residential units. Given that the upcoming Tampines North and Changi Region MRT Lines are set to improve connectivity in the area further, this site’s prospects look promising for those who secure it.