How long does it typically take from GLS launch to condo launch

The timeframe from a Government Land Sales (GLS) launch to the launch of a new condo project can vary, but here is a general outline of the process and its typical duration:

1. GLS Bidding and Award: After the GLS site is launched, developers typically have several weeks to a few months to submit their bids. Once the tender is closed, the government takes a few weeks to evaluate the bids and award the site to the winning developer.

2. Planning and Design: After the site is awarded, the developer usually spends several months to a year or more on planning, designing, and obtaining the necessary approvals from authorities such as the Urban Redevelopment Authority (URA) and the Building and Construction Authority (BCA).

3. Pre-Launch Preparations: Before the official launch, the developer will prepare marketing materials, secure financing, and possibly conduct soft launches or previews to gauge market interest.

In total, the process from the GLS launch to the official condo launch can take anywhere from 1 to 3 years, depending on the complexity of the project, market conditions, and the efficiency of the developer.

For example, if a GLS site is awarded in the first quarter of a year, the condo project might be ready for launch in the second or third year following the award, assuming all regulatory approvals and preparations are completed on time.