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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Resilient Landed Market Holds Firm in 1H2025

The landed property market in Singapore remained resilient in the first half of 2025, underpinned by stable prices, consistent transaction activity, and healthy demand from high-net-worth individuals and private property upgraders. According to data from URA Realis, landed property prices rose by 1.1% in 1H2025, with a 0.7% gain in Q2 following a 0.4% increase in Q1. 

Transaction volume climbed modestly to 964 deals in 1H2025, up 6.6% year-on-year from 904 in the same period last year. Although volumes have not yet returned to the peaks of 1H2022, this upward movement reflects renewed confidence in the segment. The uptick was driven by increased demand for semi-detached and terrace houses, with sales rising 21.0% and 2.4% respectively. This highlights a sustained appetite for more spacious and private living environments, especially among multi-generational families and private upgraders.

The revision of the Seller’s Stamp Duty (SSD) is not expected to significantly affect the landed segment, as most owners are long-term holders focused on legacy planning or capital preservation. The high entry price, limited liquidity, and absence of strata titles further deter speculative activity.

Looking ahead, the landed market is poised to remain firm in 2H2025, supported by constrained supply and continued demand for large-format homes. In an uncertain economic landscape, Singapore’s landed properties remain a cornerstone of stability and long-term value.

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here

for the full report 

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: research@sri.com.sg

Property Insight
09 Jul 2025
Sing Holdings–Sunway joint bid leads Chuan Grove tender at $1,376 psf ppr

The recent Government Land Sales (GLS) tender for the Chuan Grove site drew strong interest from developers, with a total of seven bids submitted—marking the highest number of bidders for an Outside Central Region (OCR) site in 2025, second only to the Bayshore Road site with eight bids. Sing Holdings Residential and Sunway Developments submitted the highest bid of $703.6 million, translating to $1,376 per square foot per plot ratio (psf ppr). This edged out the second-highest bid by 7.3%, highlighting their assertive approach to securing this well-positioned parcel.

This site’s appeal stems from its strategic location within the Serangoon planning area—an established and mature residential enclave known for its strong amenities, schools, connectivity, and limited new supply. The Chuan Grove tender price also represents the second-highest OCR land bid in 2025, just behind the Bayshore Road site ($1,388 psf ppr). The enthusiastic turnout and aggressive bidding underscore growing developer confidence in OCR locations with strong locational attributes and buyer demand.

A key factor bolstering interest in Chuan Grove is the successful performance of Chuan Park, a nearby project launched in Q4 2024. Chuan Park achieved an impressive take-up rate of over 83% within less than a year. 

In summary, the Chuan Grove GLS tender exemplifies renewed optimism in OCR development, underpinned by strategic location advantages, successful nearby launches, and supportive infrastructure enhancements. As developers continue to seek value in mature, well-connected estates, the Chuan Grove site represents a timely and compelling addition to Singapore’s new launch pipeline.

Click

here

for the full report 

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: research@sri.com.sg