Price of land in Singapore for public housing lower than that for private developments

Singapore

THE average price of land paid for private housing developments bought through the Government Land Sales Programme between 2015 and 2018 was about S$7,000 per square metre, excluding the Core Central Region.

In the same period, the Housing and Development Board (HDB) paid an average of about S$2,000 per sq m for land for public housing in mature estates. These figures were disclosed in Parliament on Wednesday by Minister for National Development Lawrence Wong, in his reply to Aljunied MP Faisal Manap of the opposition Workers' Party. Mr Wong also said that state land is sold to HDB at the market value assessed by the Chief Valuer. "The valuation is done in accorda…