Provision of real estate information
In terms of the composite score for timeliness and
comprehensiveness of real estate information, URA fared
better than other countries with advanced property
information services (see Figure 7. l . I 4) .
government land sale
to support economic growth it is important that there is a sufficient supply of land to meet demand and maintain stability in the property market. URA identifies sites for sale under the government land sale (GLS) programs
Development control
URA processes I 0, 000- l 2, 000 development applications
per year. Despite 18% increase in the volume of
development applications in 2007, URA was still able to
keep to our targets of clearing 90% of the cases witr1in
the timeframe of four weeks [see Figure 7.1 . 15).
Based on the 2008 World Bank report on "Doing
Business ", Singapore IURA) takes 21 days to issue written
permission which was the fastest compared to world-class
cities such as Hong Kong. Paris. Shanghai, Tokyo,
Sydney and London [see Figure 7. 1 . 16) .