1. The Urban Redevelopment Authority (URA) has released three residential1 sites at Media Circle (Parcel A & B) and Bayshore Road for sale under the second half of 2024 (2H2024) Government Land Sales (GLS) Programme.
2. The sites at Media Circle (Parcels A & B) and Bayshore Road are launched for sale under the Confirmed List and can potentially yield 325, 500 and 515 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.
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 three land parcels can be found in Annex 1._
Other Details 5. The tenders for the sites at Media Circle (Parcels A & B) and Bayshore Road will close at 12 noon on 4 March 2025, 29 April 2025 and 18 March 2025 respectively. More details on the three land parcels are available on the URA website.
Media Circle (Parcels A & B) and Bayshore Road
1 The sites at Media Circle are zoned Residential with Commercial at 1st Storey, while the site at Bayshore Road is zoned Residential (see Annex 1 ). _