{"id":92275,"date":"2025-11-20T11:36:19","date_gmt":"2025-11-20T03:36:19","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=92275"},"modified":"2025-11-28T19:13:35","modified_gmt":"2025-11-28T11:13:35","slug":"h1-2026-gls-confirmed-list-4500-homes","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/h1-2026-gls-confirmed-list-4500-homes\/","title":{"rendered":"Less supply ahead: 1H 2026 GLS confirmed list drops to 4,500 homes"},"content":{"rendered":"
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Singapore\u2019s private housing pipeline will ease slightly in the first half of 2026, as the Government sets aside land for about 4,500 units under the confirmed list. This sits just below the 4,725 units released in the second half of 2025<\/a> and continues the gentle pullback from the 5,030 units in the first half of the year.<\/p>\n\n\n\n

Minister for National Development, Chee Hong Tat, announced the figures at the Real Estate Developers\u2019 Association of Singapore\u2019s 66th anniversary dinner (Nov 13). He noted that while supply is being moderated, the overall pipeline remains healthy, crossing more than 58,000 units.<\/p>\n\n\n\n

The scale-back aligns with the broader trend seen this year. For 2025, the confirmed list totals 9,755 units, roughly 9% lower than the 11,110 units offered in 2024 \u2014 the highest since 2013, even though some sites were not awarded due to insufficient bids.<\/p>\n\n\n\n

Market conditions remain stable as demand holds up<\/h2>\n\n\n\n

Chee explained that the Government ramped up both public and private housing supply in recent years to cool the market, and it intends to keep supply elevated. So far, price growth appears to have eased. HDB resale prices rose by 0.4% in the third quarter of 2025, marking the slowest quarterly increase<\/a> in five years. Private home prices climbed around 3% over the first three quarters of 2025, mirroring the pace of 2024.<\/p>\n\n\n\n

Between 2025 and 2027, the Government plans to roll out about 55,000 Build-To-Order flats \u2014 higher than the earlier target of 50,000 \u2014 and release land for more than 25,000 private homes through the GLS programme.<\/p>\n\n\n\n

Developers have continued to transact actively. In the first nine months of 2025, they sold 7,924 new private homes excluding ECs<\/a>, already surpassing the full-year volumes of the previous three years. Chee said the Government will continue to monitor the market closely and adjust supply where necessary to maintain stability.<\/p>\n\n\n\n

Industry watchers appear broadly aligned with the decision to moderate supply. ERA Singapore\u2019s chief executive, Marcus Chu, linked the slight reduction in supply to developers\u2019 bullish sentiment, which has shown up in recent GLS tenders<\/a>. The average number of bids has risen from three per site in 2024 to about five in 2025. Some sites have also set new pricing benchmarks, including the Bayshore Road<\/a> plot, which achieved the Outside Central Region (OCR) land rate record at S$1,388 psf ppr in March.<\/p>\n\n\n\n