Launch of Over 25,000 Private Residential Units

In the upcoming years, more than 25,000 private residential units will be made available through the Government Land Sales (GLS) program, according to National Development Minister Chee Hong Tat. Specifically, around 55,000 new Build-To-Order (BTO) flats are set to launch from 2025 to 2027, with an additional 36,500 units expected to become available for resale during this time.

In October, a portion of approximately 9,100 flats will be launched, with about a third of those expected to have shorter waiting times. Additionally, around 35,000 new flats will be introduced in 2026 and 2027, averaging about 17,600 per year.

These units will span various locations across Singapore, including areas like Mount Pleasant, Woodlands North Coast, Sembawang North, and the former Keppel Club. Minister Chee noted that once the resale flat prices stabilize, the government may revisit the 15-month waiting period requiring private property owners to purchase non-subsidized HDB flats.

Other future plans involve continuous monitoring of housing affordability and exploring collaboration opportunities with industry stakeholders to improve productivity and implement new technologies in the building sector.