Frequently Asked Questions on Applications for Reserve List Sites

When can developers start submitting applications to launch Reserve List sites for public tender?

Can I submit applications for sites to be put up for tender that are not in the Reserve List?

If there is more than one company applying jointly for a land parcel, how should the application form be completed?

Can I submit more than one Reserve List site application, each with different minimum bid prices, for the same site, at the same time?

Are there any application fees when making an application under the Reserve List System?

What is the deadline for submission of applications for Reserve List sites?

Can I withdraw an application submitted under the Reserve List System?

Why is the application deposit determined at 3% of the minimum price?

Why is the application deposit capped at $5 million?

What is the minimum bid amount for a land sale tender?

Will HDB set a reserve price or minimum land price to guide the developers in their bid for the land to ensure affordability of the flats?

What is considered to be close to the Chief Valuer's Reserve Price? Is there an acceptable price range?

Who assesses the market value of the sale site? Will the government sell the site if the tender bid is lower than the assessed market value?

A Reserve List site is deemed to have received sufficient market interest if there are more than one party submitting a minimum price that is close to the Government's Reserve Price for the site within a reasonable period. May I know what would be considered 'a reasonable period'?

When are the Reserve List sites launched for sale after the Agreement is signed?

Can an applicant request for an extension for signing the Agreement and payment of the deposit for a land sale tender, for reasons such as seeking the approval of the Board of Directors?

The tender period of 4 weeks may be too short for big sites where developers may need more time to source for financial arrangement and /or joint-venture partnership.

Does the government announce the name of the successful applicant for a land sale tender?

Are applications for Reserve List sites confidential?