Government maintains high land supply with 2H GLS launch

The GLS programme remains elevated compared to previous years, despite a slight dip from 1H 2025.

The Government’s latest Government Land Sales (GLS) Programme for the second half of 2025 has drawn praise from property analysts for maintaining a high level of private residential and executive condominium (EC) supply, even amidst signs of moderation in the market.

According to Mr. Justin Quek, CEO of OrangeTee & Tie, the GLS programme remains elevated compared to previous years, despite a slight dip from 1H 2025.

“The increased supply of private residential land has helped to moderate private property price growth in recent years,” he said. “While the supply of private residential units has decreased slightly compared to 1H 2025, it is still significantly higher than the supply from GLS programmes a few years ago.”

The Confirmed List includes eight private residential sites and two EC sites, yielding 3,735 private units, 990 EC units, and 4,515 square metres of commercial space.

OrangeTee highlighted several plots likely to attract strong market interest, including a rare offering along Bukit Timah Road in the Newton planning area.

“Given the close proximity to Newton MRT, the Orchard Road shopping belt, and the city centre, we may expect keen interest in the site here when launched for sale,” Quek noted.

He also pointed to the Dover Road plot as “highly attractive” due to its location near One North and the Dover Knowledge District.

“The inclusion of a significant commercial component at 3,000 sqm will bring more convenience to future residents and may make the future development appealing to both owner-occupiers as well as investors,” he added.

Mr. Lee Sze Teck, Senior Director of Data Analytics at Huttons Asia, described the latest GLS release as “a calibrated adjustment, not a market cooling measure.”

“The Government is maintaining a high level of supply to ensure housing needs are met, while being mindful not to oversaturate the market,” Lee said.

He noted that this is the third consecutive drop in the number of private units offered, down from a peak in 1H 2024, but still above long-term averages.

On the EC segment, both firms acknowledged the continued support for public-private hybrid housing.

“The supply of EC units has remained strong at 990 units, giving HDB upgraders and first-time buyers more accessible alternatives,” Quek said. Lee echoed this, describing the segment as “a resilient buffer” between public and private markets.

Huttons also cautioned that while demand remains healthy, developers may adopt a more selective approach given economic headwinds. “We expect robust interest in well-located and differentiated sites, but developers are likely to be more discerning in their bids,” Lee said.

With 33.9% of new supply in the Rest of Central Region (RCR) and 51.9% in the Outside Central Region (OCR), analysts see the programme supporting demand in the mid- to mass-market segments.

The second Turf City parcel at Dunearn Road and a new site at Tanjong Rhu—the first GLS launch in that area in over two decades—are also expected to attract interest as urban renewal plans unfold.