2024 New GLS Sites : Lentor Gardens, River Valley Green Parcel B, Marina Gardens Lane, and Woodlands Drive 17 in the Spotlight

Key Points from the 2024 Government Land Sales Updates

Government Land Sales (GLS) Programme

New land parcels launched under the second half of 2024 GLS to maintain a steady housing supply as demand rises.

Confirmed Sites

Lentor Gardens : potentially 500 units added.. This is the 7th land plot in the Lentor cluster.

River Valley Green Parcel B : potentially 475 units added.

Both sites contribute to the 5,050 units released via the Confirmed List of the 2H2024 GLS programme.

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.

Reserve List Sites

Marina Gardens Lane: potentially yield 390 residential units

Woodlands Drive 17: Potentially yield 420 EC units. High chance of triggering a bid, with developers expected to bid between $650 to $700 per square foot per plot ratio.

Market Dynamics

GLS aims to keep the property market moving by ensuring a steady supply of housing options for buyers, including private condos and Executive Condominiums (ECs).

Project Timeline

- Buyers should note that projects will be ready approximately 1 to 1.5 years after developers secure the land.

Stay Informed on the Latest GLS Developments

If you’d like to stay updated on the latest developments from the Government Land Sales (GLS) and be the first to know about new opportunities as they unfold, feel free to reach out to me. I’d be happy to keep you posted on all the progress and ensure you don’t miss out on any exciting prospects in the property market. Contact me today to stay in the loop!

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