13 Jun 2025
2H2025 GLS Programme Brings Fresh Opportunities for Homebuyers and Developers
Property Insight

The Government has expanded the 2H2025 Government Land Sales (GLS) Programme to maintain housing affordability and ensure a sustainable pipeline of private homes. The total estimated supply has increased by 8.2% compared to 1H2025, bringing it to 9,200 units across the Confirmed and Reserve Lists. This move builds on earlier injections of land supply and reflects a continued proactive approach in managing housing demand in Singapore’s land-scarce environment.

This calibrated supply approach is timely, especially as recent data shows that private residential prices moderated to a 0.8% increase in 1Q2025, down from 2.3% in 4Q2024. Inventory levels are also adjusting in response. Uncompleted unsold private residential units fell from 19,405 in 4Q2024 to 18,125 in 1Q2025, with the Outside Central Region (OCR) segment experiencing a sharp 43.6% year-on-year drop in unsold stock. This signals strong market absorption and buyer demand, especially among first-time buyers and HDB upgraders.

In response to the sustained demand for Executive Condominiums (ECs), the 2H2025 GLS Programme will introduce two new EC sites at Miltonia Close (Yishun) and Woodlands Drive 17, adding an estimated 990 units. This follows the introduction of three EC sites in 1H2025. Demand in the EC market remains robust. The expanded EC pipeline offers more options to middle-income households, reinforces affordability, and mitigates the “fear of missing out” effect in a tight market.

A clear theme in the 2H2025 GLS Programme is precinct intensification. This involves introducing sites in proximity to existing or upcoming developments, such as the second Turf City plot at Dunearn Road, the eighth site in Lentor at Lentor Central, and the new Dover Road plot in One-North. These strategic locations foster synergy between public infrastructure and housing, supporting the formation of cohesive, future-ready communities.

Click here for the full report 

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg 

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New Private Home Sales More Than Double in 1H2025

The private residential market in Singapore demonstrated resilience in 1H2025, despite a moderation in the second quarter. Private resale volumes rose 11.1% year-on-year to 7,212 transactions, up from 6,491 in 1H2024. This growth reflects continued demand for move-in-ready homes, particularly among upgraders. In the resale segment, large-scale developments with full facilities and strong MRT connectivity remained top choices. Treasure at Tampines led with 45 transactions, followed by Parc Esta (33), The Tapestry (31), and Riverfront Residences (30), reaffirming buyer preference for projects with practical layouts and location advantages.

New home sales recorded a remarkable surge in 1H2025, jumping from 1,889 to 4,587 units. This more than twofold increase signals strong buyer confidence and renewed interest in project launches. The Rest of Central Region (RCR) accounted for much of this growth, driven by successful launches such as One Marina Gardens, Bloomsbury Residences, and The Orie. The Outside Central Region (OCR) also saw robust demand, especially for affordably priced projects offering suburban convenience.

Newly launched luxury projects such as Robertson Opus saw strong uptake, with over 41% of units sold—primarily 2- and 3-bedroom units. This reflects continued appetite for well-curated, prime residences that offer exclusivity and long-term value.

Launches such as LyndenWoods, which sold 94% of its units on launch day, along with strong previews at River Green and Promenade Peak, suggest that underlying buyer confidence remains intact. These developments, located in tightly held areas near Great World MRT, offer rare opportunities for buyers seeking new supply in established neighbourhoods.

Despite global uncertainties, Singapore’s private residential market is expected to maintain its overall stability, anchored by sound fundamentals and buyer confidence.

Click

here

for the full report 

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: research@sri.com.sg

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New Private Home Sales Rise 19.3% YoY in June 2025