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Land and Housing

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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

Make amendments to the Mortgage
Insurance Programme (MIP)

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