Land and Housing

Land and Housing Supply

13 residential sites under the 2022/23 Land Sale Programme, railway property development, private development and redevelopment projects as well as the URA’s projects to provide about 18 000 units; 4 commercial sites to provide about 300 000 square metres of commercial floor area
Approximately 103 hectares of land to be made available in the coming five years for the production of over 57 000 units
Public housing: Identified some 350 hectares of land for the provision of about 330 000 public housing units to meet the demand in the coming 10 years
Private housing: Completion of private residential units to average over 19 000 units annually in the five years from 2022 onward, representing an increase of about 14% over the annual average of the past five years. The projected first-hand private residential unit supply for the next three to four years is 98 000 units, reaching a new high in recent years
Transitional housing units: Identified sufficient land for the provision of more than 17 000 units. Around 4 200 and 11 000 units are expected for completion this year and next year respectively
Inject $1.2 billion to the Construction Innovation and Technology Fund
Introduce more concessionary measures to encourage the adoption of Modular Integrated Construction (MiC), so as to expedite housing supply