Current Total Value of Government-owned Land That Can Be Sold for Development

Mr Leong Mun Wai asked the Deputy Prime Minister and Minister for Finance what is the current total value of Government-owned land that can be sold for development.

State land is sold based on the Government’s development plans. These plans cover various planning horizons, from land sale programme covering specific land sites with specific uses for the coming year to long-term land planning spanning decades for which broad uses are defined but subject to detailed planning in future years. The more detailed plans are revised in light of evolving needs of our population and economy.

It is, therefore, not meaningful to calculate the total value of Government-owned land that can be sold for development. However, the Government maintains a listing of physical assets, such as land and buildings, which forms part of the information on the size of reserves that is provided to the President under the Reserves Protection Framework.