1. The Urban Redevelopment Authority (URA) and the Housing & Development Board (HDB) have released four residential1 sites at Lentor Gardens, River Valley Green (Parcel B), Marina Gardens Lane, and Woodlands Drive 17 (Executive Condominium) for sale today under the second half 2024 (2H2024) Government Land Sales (GLS) Programme.
2. The sites at Lentor Gardens and River Valley Green (Parcel B) are launched for sale under the Confirmed List and can potentially yield 500 and 475 residential units respectively. These form part of the 5,050 residential units to be released via the Confirmed List of the 2H2024 GLS programme to cater to housing demand and maintain market stability. The sites at Marina Gardens Lane and Woodlands Drive 17 are available for application under the Reserve List and can potentially yield 390 residential units and 420 EC units respectively.
3. The Government will continue to release a steady supply of private residential units in coming GLS programmes, with supply calibrated to account for prevailing economic and property market conditions.
4. Details on the four land parcels can be found in Annex 1.
Other Details 5. The tenders for the River Valley Green (Parcel B) and Lentor Gardens sites will close at 12 noon on 7 February 2025 and 3 April 2025 respectively.
1 The site at Lentor Gardens is zoned Residential, while the sites at Marina Gardens Lane and River Valley Green (Parcel B) are zoned Residential with Commercial at 1st Storey (see Annex 1 )