This is the government's seventh consecutive increase in the supply of new private housing land, addressing the continuously growing market demand. When combined with potential supplies from other private housing and Executive Condominiums (EC) in the market, the total is expected to reach 59,100 units. The plan includes ten sites from the confirmed list and nine sites from the reserve list, distributed across various locations, covering areas like the one-north Tech Park and Punggol Bay.

The government emphasizes that this increase in supply is to cater to the ongoing growth in housing demand in the coming years, promoting market stability and sustainable development. Among the new sites, nine are designated for private housing, and one is for residential and commercial use. One EC site, located at Jalan Loyang Besar, can accommodate 710 units.

Additionally, a residential and commercial use site at Tampines Street 94 can accommodate 585 units and 10,500 square meters of commercial space.

In this government land sales plan, the government has shown determination to provide ample housing supply to meet market demand and control housing prices. Given the current impact of supply-demand dynamics on housing prices, increasing housing supply is considered an effective means of price control, alongside measures to cool demand.

Excluding EC sites, the confirmed list adds a total of 4,740 units, representing a 3% increase. This is the smallest increment since the first half of 2021, possibly considering the new projects set to enter the market in 2024.

Furthermore, the Punggol Bay Road site in the reserve list, with only 480 units, has garnered significant attention as the first private housing site in the area.

With its strategic location, Punggol Bay has attracted strong interest from developers and buyers, seeking an early advantage in the region. The area has plans for approximately 10,000 new residences, with about seventy percent being public housing and the rest being private housing. The future market competition is expected to be highly intense.