As part of the 1H2025 Government Land Sales (GLS) programme, three residential sites located at Telok Blangah Road, Dorset Road, and Upper Thomson Road have been launched for tender. These sites are poised to play a significant role in addressing the housing demand in Singapore, offering potential for both developers and future residents. The tender process is structured with specific closing dates for each site, creating a competitive environment for interested bidders.
The site at Telok Blangah Road spans 147,346 square feet and is projected to yield approximately 745 residential units. This site is expected to attract between five to six bids, with pricing estimates falling in the range of $1,250 to $1,350 per square foot per plot ratio (psf ppr). The Telok Blangah area is known for its proximity to nature reserves and good accessibility, factors that are likely to enhance the site’s appeal to developers and potential buyers alike.
Meanwhile, the Dorset Road site covers 111,934 square feet and has the capacity to accommodate about 425 units. Anticipated bids for this location are expected to range from four to five, with top estimates around $1,100 to $1,200 psf ppr. Its location is attractive due to its residential character and connectivity to various amenities, making it a desirable option for families and individuals seeking housing solutions in a vibrant neighborhood.
The Upper Thomson Road site (Parcel A) presents a unique opportunity, as it spans 262,875 square feet and is designed for approximately 595 residential units with provisions for commercial use on the first floor. This site is projected to attract up to two bidders, and top estimates are anticipated to be between $900 to $1,000 psf ppr. The mixed-use potential of the Upper Thomson site is particularly noteworthy, as it aligns with urban planning objectives to create integrated living environments that offer convenience and accessibility to both residential and commercial facilities.
The closing dates for the tenders are staggered; Dorset Road’s tender will close on October 9, followed by Upper Thomson Road on October 23, and Telok Blangah Road on November 4. These timelines allow developers to strategize their bids based on market conditions and site characteristics, fostering a competitive yet structured tendering process.
NEW CONDO LAUNCH: RIVER GREEN
River Green is an exciting new condominium launch in the River Valley area, featuring a range of unit types from one-bedroom apartments to spacious family units.
This project emphasizes modern living with high-quality finishes and smart home technology. Residents will enjoy a variety of amenities, including a swimming pool, gym, and landscaped gardens, all while being conveniently located near major transportation hubs.
For more details on the River Green Floor Plan, pricing, and launch date, you can check out the River Green E-brochure online.
View River Green Showflat & Get VVIP Discount. Register or contact 6100 8822 to book showflat appointment.
News Source: Edgeprop
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