River Valley Green Parcel C: S$750.6M GLS Award — What It Means for CCR Property

River Valley Green Parcel C: S$750.6M GLS Award — What It Means for CCR Property

⚡ Quick Answer — River Valley Green Parcel C Award

  • The URA has awarded the River Valley Green (Parcel C) GLS tender to SMCL Haven 3 Pte. Ltd. and CSC Land Group (Singapore) Pte. Ltd. (URA pr26-48, 23 June 2026).
  • The winning bid was S$750,569,199 — equivalent to S$18,621.77 per square metre of GFA.
  • The site occupies 11,516 m² of land with a maximum permissible GFA of 40,306 m², on a 99-year leasehold tenure.
  • The land rate of S$18,622 psm GFA translates to approximately S$1,730 per square foot of GFA — a benchmark that will inform CCR launch pricing from this developer.
  • Estimated breakeven for the developer (land + construction + carrying costs) points to launch prices in the range of S$3,200–S$3,800 psf, depending on unit mix and construction timeline.
  • The River Valley Green precinct (D09 CCR) continues to attract firm developer conviction despite the elevated ABSD environment for foreign buyers.

URA Awards River Valley Green Parcel C for S$750.6 Million

The Urban Redevelopment Authority (URA) confirmed on 23 June 2026 that the Government Land Sales (GLS) tender for River Valley Green (Parcel C) has been awarded to SMCL Haven 3 Pte. Ltd. and CSC Land Group (Singapore) Pte. Ltd. — a joint-venture consortium — at a bid price of S$750,569,199, or S$18,621.77 per square metre of permissible gross floor area (GFA).

The site was launched for tender on 9 April 2026 as part of URA’s first-half 2026 Government Land Sales programme and closed for bids on 18 June 2026. The 99-year leasehold residential parcel is the third of three River Valley Green sites to be tendered by URA, completing the planned residential component of the River Valley Green development corridor adjacent to Alexandra Canal.

Site Specifications and Award Details

River Valley Green Parcel C GLS tender award details 2026 — site area GFA price developer
Figure 1: River Valley Green (Parcel C) — GLS tender award details. Source: URA pr26-48, 23 June 2026.

What the Land Rate Signals About the CCR Market

The S$18,621.77 psm GFA land rate is a significant data point for the Core Central Region (CCR) residential market. To contextualise: this rate implies a total land cost of approximately S$1,730 per square foot on GFA — before construction, financing, professional fees, and developer profit are factored in.

Industry estimates suggest a typical CCR high-end residential project carries total development costs (land + construction + fees + financing) of S$3,000–S$3,500 psf on GFA before profit. Applying a 15–20% developer margin, the anticipated launch price range for the future project is approximately S$3,200–S$3,800 psf. This range is consistent with the broader CCR pricing environment in 2026 (median S$2,500–S$3,800 psf depending on project age and location) and suggests developers continue to price in buyer demand from Singapore-based ultra-high-net-worth individuals and PRs, notwithstanding the 60% ABSD deterrent for foreign buyers.

The award contrasts with the broader narrative of cooling CCR volumes: while the number of new sale transactions in D09 has declined since the 2023 ABSD hike, absolute pricing has held firm. The S$750.6M bid is a vote of confidence that there is an addressable buyer base — primarily Singapore Citizens and PRs — willing to transact at S$3,200+ psf in the River Valley sub-district.

Context: The River Valley Green GLS Programme

River Valley Green (Parcel C) is the final piece in a three-parcel residential GLS programme that URA has been releasing along the River Valley Green corridor. Earlier parcels in the same corridor attracted competitive bids, establishing a price trajectory for the sub-district. The proximity to the Great World MRT station (Thomson–East Coast Line), opened in 2022, has been a consistent factor cited by market participants in supporting GLS valuations along the Alexandra Canal fringe.

CSC Land Group is a Singapore-based developer with a portfolio spanning residential and mixed-use developments across the island. SMCL Haven 3 Pte. Ltd. is the project-specific SPV established for this joint venture. The choice of a joint-venture structure for a S$750M+ land parcel is consistent with Singapore market practice for managing capital concentration risk on large CCR sites.

Summary: River Valley Green Parcel C at a Glance

Detail Data
URA Press Release pr26-48, 23 June 2026
Site Location River Valley Green (Parcel C), District 9
Tenure 99-Year Leasehold
Land Area 11,516 m² (~124,000 sq ft)
Max Permissible GFA 40,306 m² (~434,000 sq ft)
Winning Bidder SMCL Haven 3 Pte. Ltd. & CSC Land Group (Singapore) Pte. Ltd.
Winning Bid (total) S$750,569,199
Bid Per PSM of GFA S$18,621.77
Bid Per PSF of GFA (approx.) S$1,730
Estimated Launch PSF (industry est.) S$3,200–S$3,800 psf (subject to project planning)

Frequently Asked Questions

What is a GLS tender and how does URA award it?

A Government Land Sales (GLS) tender is Singapore’s primary mechanism for releasing state land to private developers for residential or mixed-use development. Sites are offered on a Confirmed List (mandatory release within a programme period) or a Reserve List (released only when a developer triggers the tender by committing to a minimum bid). Bidders submit sealed tenders by a closing date; URA evaluates bids and awards to the highest qualifying tenderer, subject to a technical reserve price. The award is binding — developers must pay the full bid price and complete development within the stipulated period. The GLS programme is coordinated jointly by URA and the Singapore Land Authority (SLA).

What does this award mean for current River Valley property owners?

For owners of existing freehold and leasehold properties in the River Valley and Orchard fringe (D09), the S$18,622 psm GFA land rate provides a valuation signal. Developers will need to launch the future project at S$3,200–S$3,800+ psf to cover costs — which anchors new-launch comparable pricing in the precinct. Existing resale units in the River Valley sub-district typically trade at a 10–20% discount to new launches of equivalent specification, suggesting a price floor around S$2,800–S$3,400 psf for resale transactions near this site. However, each property is valued on its own merits, and owners should commission a formal valuation from a licensed appraiser before drawing conclusions about their specific unit.

When can buyers expect a new project launch from this site?

Based on typical Singapore residential development timelines — site planning approval (6–12 months), construction (3–4 years for a high-rise residential project) — a project launch from the River Valley Green Parcel C site could be expected in 2027–2028, with TOP (Temporary Occupation Permit) around 2030–2032. This is an estimate based on industry norms and is subject to the developer’s planning decisions, the Economic Development Board’s (EDB) permit process, and building construction pace. The developer has not yet made public announcements about the project name, unit mix, or launch timeline.

Is the 60% ABSD deterring foreign buyers from CCR new launches?

The 60% Additional Buyer’s Stamp Duty (ABSD) for foreign individuals, introduced in April 2023 (raised from 30%), has significantly reduced the proportion of foreign buyers in the CCR new launch market. URA data for 2023–2025 shows foreign purchases as a share of private residential transactions fell from roughly 7–8% (pre-2023) to under 3% post-ABSD hike. In dollar value terms, the deterrent is stark: a foreigner buying a S$4M CCR unit pays S$2.4M in ABSD alone. However, developers targeting the S$3,200–S$3,800 psf range for River Valley Green Parcel C are primarily underwriting to Singapore Citizen and PR demand — the ABSD regime makes foreign buyer demand a bonus rather than a base case for CCR projects launched post-2023.

How does this site compare to the Peck Hay Road GLS award?

The Peck Hay Road site (URA pr26-45, 16 June 2026) was awarded at a different psm GFA rate reflecting its distinct location, plot ratio, and site characteristics. Both sites are in the CCR (D09) and on 99-year leasehold tenure, but their proximity to MRT stations, site geometry, and view potential differ. River Valley Green Parcel C’s proximity to Great World MRT (TEL) is a key differentiator from the Peck Hay Road site, which is closer to the Orchard sub-precinct. Comparing land rates across sites of different specifications is useful for market context but should not be treated as a direct apples-to-apples benchmark.

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Disclaimer

All figures in this article are sourced directly from URA press release pr26-48 (23 June 2026). Developer cost estimates, launch price projections, and valuation commentary are based on industry consensus estimates as at July 2026 and are speculative — they do not constitute a valuation or investment advice. Actual launch prices, project timelines, and market outcomes will depend on factors including developer decisions, construction costs, interest rates, and government policy. Readers should consult a licensed appraiser and property professional for advice specific to their circumstances. Official GLS data: ura.gov.sg/land-sales.

Jurong Lake District White Site 2026: Town Hall Link GLS Tender, 1,200 Homes and CRL CR19

Jurong Lake District White Site 2026: Town Hall Link GLS Tender, 1,200 Homes and CRL CR19

Quick Answer: JLD Town Hall Link White Site at a Glance

  • Site: Town Hall Link, Jurong Lake District (JLD), adjacent to the Jurong Town Hall national monument.
  • Total GFA: 186,139 sqm — one of the largest mixed-use sites launched in Singapore in recent years.
  • Residential: up to 1,200 private residential units.
  • Office: minimum 40,000 sqm — anchoring JLD’s ambition as the largest business node outside the city centre.
  • Complementary uses: up to 44,000 sqm for retail, serviced apartments, hotel, sports, community and medical facilities.
  • Connectivity: integrated with Jurong East MRT interchange (EWL/NSL), future JRL JE5 station, and upcoming CRL CR19 station (planned 2032).
  • Tender closes: 17 November 2026.
  • Why it matters: the White site designation gives developers flexibility to configure uses — residential, commercial, or mixed — based on market conditions at launch, making it one of Singapore’s most strategically significant land sales of 2026.

URA Launches JLD White Site: Singapore’s Most Anticipated 2H 2026 GLS Tender

The Urban Redevelopment Authority (URA) launched the tender for a White site at Town Hall Link in the Jurong Lake District (JLD) on 3 July 2026, marking one of the most significant Government Land Sales (GLS) moves of the year. At 186,139 sqm of total potential Gross Floor Area (GFA) — comprising a minimum 40,000 sqm of office, up to 1,200 private residential units, and 44,000 sqm of complementary uses — this site has the potential to define the next chapter of Singapore’s western regional centre.

The tender forms part of the Confirmed List for the 2H 2026 GLS Programme and will close at 12 noon on 17 November 2026. It comes less than two weeks after URA released its Q2 2026 property price flash estimate showing the overall private residential PPI rising a modest 0.5% — a market context that is stable enough for developers to bid with confidence, but not so frothy as to suggest over-payment risk.

JLD is Singapore’s flagship decentralisation initiative: a vision to create a vibrant live-work-play precinct in the western part of Singapore that can absorb commercial, residential, and civic activity without adding further pressure on the already-congested central business district. The Town Hall Link site occupies a prime position within this vision — sited next to the Jurong Town Hall national monument, directly connected to the Jurong East MRT interchange, and in the future path of two new MRT lines.

What Is a White Site?

A White site in Singapore’s GLS framework is a land parcel that developers may develop for any combination of uses permitted under the Master Plan, subject to a minimum requirement for one or more specified uses. Unlike purpose-specific GLS sites (e.g., residential-only or commercial-only), a White site allows developers to calibrate the use mix based on their read of market conditions at the time of design and launch.

For the Town Hall Link site specifically, the conditions are: minimum 40,000 sqm office; up to 1,200 residential units; and up to 44,000 sqm for complementary uses. The developer awarded the site will have latitude to decide the precise mix of hotel, serviced apartments, retail, community facilities, and sports/recreation components — creating significant design flexibility in exchange for the commitment to deliver a meaningful commercial core.

White sites have historically attracted strong bidding interest in Singapore because they reduce the development risk associated with committing entirely to a single use in a market that can shift between residential launch and commercial occupation. The last major White site in JLD — the site that became J Gateway and the surrounding cluster — generated keen bidding when it was first introduced.

Jurong Lake District JLD Town Hall Link white site GFA breakdown office residential complementary 2026

Figure 1: Town Hall Link White Site — indicative GFA breakdown by use. Total 186,139 sqm. Source: URA pr26-53, 3 July 2026.

The JLD Masterplan: Context for This Site

JLD’s transformation has been driven by two decades of sustained government investment in infrastructure and planning. The revitalised Jurong Lake Gardens (90 hectares) provides the greenery spine at the district’s heart. Two new MRT lines are changing the connectivity calculus dramatically:

  • Jurong Region Line (JRL): JE5 station at Jurong East and JE6 station at International Business Park (planned to open 2028).
  • Cross Island Line (CRL): CR19 station at the heart of the new JLD precinct (planned to open 2032).

The addition of CRL is particularly significant: it will provide a direct east-west connection from JLD to Ang Mo Kio, Pasir Ris, and eventually Changi — transforming what has historically been perceived as a “western” destination into a genuinely cross-island node. For the Town Hall Link site, the multi-level pedestrian connections to Jurong East MRT interchange and the upcoming CR19 station mean that residents and office workers at this development will enjoy arguably the best public transport connectivity of any mixed-use site currently on the GLS market.

The site sits next to the Jurong Town Hall, a gazetted national monument. This adjacency imposes design constraints — any development will need to respect the monument’s visual and physical setting — but also provides a distinctive civic character that differentiates the JLD precinct from purely commercial developments elsewhere.

Development Mix Analysis

Use Component GFA (sqm) Status Commentary
Office 40,000 minimum Mandatory Anchors JLD’s role as business node; positions site as corporate headquarters address
Private Residential Up to ~102,139 (est.), max 1,200 units Optional (developer discretion) 1,200 units at typical 80–90 sqm average ≈ 102,000 sqm; adds residential critical mass to district
Complementary Uses Up to 44,000 Optional (developer discretion) Can include: retail, hotel, serviced apartments, sports/recreation, medical clinics, community facilities, visitor attractions
Total GFA 186,139 One of Singapore’s largest mixed-use GLS sites

At 1,200 residential units, this would represent one of Singapore’s larger single-site condominium developments — comparable in scale to recent developments like Canninghill Piers (696 units) and Lentor Modern (605 units), but notably larger. The scale is appropriate for JLD’s ambition to create residential density that sustains the commercial base.

Key Catalysts and Infrastructure Timeline

The development that occupies this site will benefit from a series of planned catalysts over the 2026–2035 horizon:

Catalyst Timeline Impact on Site
JRL JE5 (Jurong East) and JE6 (International Business Park) Phased opening, 2027–2028 Improved east-west connectivity within JLD; connects IBP to Jurong East interchange
New Science Centre at JLD Expected by 2027 Adds visitor attraction and civic anchor to the precinct; drives weekend footfall
Jurong Gateway Hub (bus interchange + office + retail + community club + library + sports) Expected by 2028 Integrated civic hub immediately adjacent; dramatically increases JLD’s daytime and evening population
CRL CR19 station at JLD Planned 2032 Cross-island connectivity; potential 15% to 20% capital value uplift for residential units at this site based on historical TEL/MRT proximity premiums

Residential Investment Angle: 1,200 Units in JLD

If the awarded developer proceeds with the full 1,200-unit residential allocation, this will be among the more significant new private residential supply additions to JLD since the area last saw major development activity in the 2013–2017 era (J Gateway, Westwood Residences, Lake Grande, Twin Vew). JLD has historically commanded a premium relative to other OCR locations — driven by the live-work-play narrative, the lake setting, and the Jurong East MRT interchange’s accessibility to both the western industrial belt and the central business district via the East-West Line.

A new-launch condo at this site, post-CRL connectivity, could plausibly target $2,000–$2,400 psf based on the trajectory of comparable new launches in OCR/RCR boundary locations in 2025–2026. The tender price paid by the developer will be the key determinant of eventual launch pricing — a high land bid will translate into a premium launch price, while a competitive-but-measured bid could allow the developer to price attractively and generate strong take-up. The tender close date of 17 November 2026 gives the market approximately four and a half months to assess these dynamics.

What This Means for the Broader Market

The JLD White Site launch is a policy signal as well as a commercial opportunity. URA’s decision to include a major White site in the 2H 2026 Confirmed List — rather than deferring it to the Reserve List — indicates confidence that developer demand is sufficient to support a committed bid within the current market cycle. The White site mechanism also signals flexibility: if the residential market softens before design completion, the developer can weight the mix toward commercial and serviced apartment uses.

For existing JLD residential owners — in projects like J Gateway, Lake Grande, Twin Vew, and the upcoming The LakeGarden Residences — the Town Hall Link development represents both an opportunity (improved amenity and connectivity as the precinct builds out) and a risk (increased residential supply within the immediate catchment). On balance, the infrastructure and amenity uplift from the New Science Centre, Jurong Gateway Hub, and CRL CR19 is likely to outweigh the supply effect, particularly for well-located existing units.

What Might Come Next

The following is editorial commentary — not official guidance.

Bidding for the Town Hall Link site is expected to attract Singapore’s larger developers and possibly joint ventures. The scale of the site (186,139 sqm) requires significant capital — a land price in the S$1.5–S$2.5 billion range would not be surprising, depending on the assumed residential launch pricing and the developer’s commercial income projections. International developers with Asian regional headquarters-in-a-hub ambitions could also consider the mandatory 40,000 sqm office component as a corporate campus opportunity.

The CRL CR19 station opening in 2032 is a known future catalyst — developers will model this into their land bid assumptions. A project that launches residential units in 2028–2029 (assuming a 2027 tender award, 1-year design/approval, and early 2028 launch) would be telling buyers that their units will be CRL-connected by the time they reach the 5-year mark of ownership.

Frequently Asked Questions

What does “White site” mean for buyers of the eventual development?

A White site designation affects the developer’s design choices, not individual buyers’ rights. When the eventual development is launched for sale, buyers will purchase units in a standard private condominium development. They will benefit from the mixed-use amenities — retail, food and beverage, possibly a hotel or serviced apartment building within the same development — that result from the White site configuration. The White site label itself conveys no special lease conditions or restrictions on buyers beyond the standard conditions of a freehold or 99-year leasehold private condominium.

When will the residential units at Town Hall Link be available for sale?

The tender closes 17 November 2026. Assuming the tender is awarded in Q1 2027, and accounting for design, planning approval, and construction timelines, the earliest a residential launch could realistically occur is late 2027 or 2028. Physical completion (Temporary Occupation Permit) would likely follow in 2030–2032. Prospective buyers interested in this development should monitor URA and the awarded developer’s announcements in 2027.

How does the JLD CRL station affect property values nearby?

Historical evidence from Singapore MRT openings — most recently the Thomson-East Coast Line (TEL) stages 1–4 and the Downtown Line — suggests that residential properties within 500 metres of a new MRT station tend to appreciate by 8–15% relative to comparable properties further away in the 3–5 years following station opening. The effect is partially priced in ahead of the opening as buyers and investors anticipate the connectivity uplift. For CR19 (planned 2032), properties in the immediate JLD precinct likely already incorporate some forward-looking CRL premium in 2026. The full premium crystallises as the opening date approaches and actual connectivity is confirmed.

Is the Town Hall Link site freehold or leasehold?

GLS sites in Singapore are typically sold on 99-year leasehold terms. The Town Hall Link site is expected to follow this standard. Buyers of units in the eventual development will hold 99-year leasehold titles, with the lease commencement date tied to the date of the land award. Leasehold tenure is the norm for new GLS-sourced developments in Singapore; the premium-location attributes of the site — MRT connectivity, JLD masterplan, CRL uplift — are expected to sustain long-term value notwithstanding the leasehold structure.

What other major GLS sites were launched in 2H 2026?

The 2H 2026 GLS Confirmed List provides a total of 4,745 private residential units. In addition to the Town Hall Link White site, URA also launched sites at Lorong Puntong/Sin Ming Avenue (~140 units, TEL Bright Hill MRT, tender closes 15 September 2026) and Kitchener Link (~145 units, Reserve List, Farrer Park MRT NEL). The full 2H 2026 GLS programme — including industrial and commercial sites — is available on the URA website at ura.gov.sg/land-sales.

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Disclaimer

This article is for general informational purposes only and does not constitute financial or investment advice. Details of the Town Hall Link White site are sourced from URA press release pr26-53 (3 July 2026) and the URA website. Developer bidding, design outcomes, launch pricing, and project timelines are speculative editorial commentary and do not represent commitments by URA or any developer. For authoritative site details and tender conditions, refer to ura.gov.sg. Consult a licensed financial adviser before making any property investment decision.

URA GLS 1H2026: New Residential Sites at Lorong Puntong/Sin Ming Avenue and Kitchener Link

URA GLS 1H2026: New Residential Sites at Lorong Puntong/Sin Ming Avenue and Kitchener Link

⚡ Quick Answer: URA 1H2026 GLS — Two New Sites Released 25 June 2026

  • On 25 June 2026, URA released two new residential sites under the 1H2026 GLS Programme.
  • Lorong Puntong / Sin Ming Avenue — near Bright Hill MRT (TEL Stage 3), ~140 units, Confirmed List, tender closes 15 September 2026.
  • Kitchener Link — near Farrer Park MRT (NEL), ~145 units, Reserve List (developer application required).
  • Combined potential yield: approximately 285 new private residential units.
  • Lorong Puntong is part of the Sin Ming residential transformation adjacent to the Bright Hill MRT interchange; Kitchener Link taps Farrer Park’s strong healthcare-driven rental market.

URA Releases Two GLS Sites on 25 June 2026

The Urban Redevelopment Authority (URA) announced on 25 June 2026 the release of two residential sites for sale under the first half of 2026 (1H2026) Government Land Sales Programme. The two sites — at Lorong Puntong/Sin Ming Avenue in Bishan and at Kitchener Link near Farrer Park — represent different tiers of the GLS mechanism: the Sin Ming site is on the Confirmed List (it will be tendered regardless of developer interest), while Kitchener Link is on the Reserve List (a developer must first submit a sufficiently high application price to trigger the tender).

These releases form part of Singapore’s broader housing supply pipeline. The 1H2026 GLS programme was announced in December 2025 with 5,050 private residential units and 3,455 executive condominium (EC) units on offer — a total pipeline of approximately 8,505 units across both Confirmed and Reserve Lists. The Lorong Puntong and Kitchener Link releases bring two additional parcels in the 1H2026 programme to market.

URA GLS June 2026 site comparison Lorong Puntong Sin Ming Avenue versus Kitchener Link residential sites

Figure 1: Key facts comparison — Lorong Puntong/Sin Ming Avenue (Confirmed List) versus Kitchener Link (Reserve List). Source: URA, 25 June 2026.

Site 1: Lorong Puntong / Sin Ming Avenue — Bright Hill MRT Catchment

The Lorong Puntong/Sin Ming Avenue site is located in the Sin Ming planning area, within the broader Bishan/Upper Thomson precinct. Its most significant attribute is proximity to Bright Hill MRT station — the Thomson-East Coast Line (TEL) Stage 3 station that serves the Sin Ming/Upper Thomson Road corridor and will also connect to the Cross Island Line (CRL) when the CRL’s eastern extension opens. Sin Ming Avenue has historically been a light industrial and automotive area; the release of a residential GLS site here is a deliberate planning signal that URA is guiding the gradual residential transformation of the Sin Ming corridor as TEL and CRL connectivity uplift its residential attractiveness.

The site can potentially yield approximately 140 residential units. Industry expectations for the bid quantum fall in the range of S$680–820 psf per plot ratio (ppr), based on comparable land transactions in the D20 catchment. The tender closes on 15 September 2026 at 12 noon. A successful award in Q4 2026 would position a new launch for 2027–2028 at estimated prices of S$2,000–2,400 psf, if comparable to existing condos such as those along Thomson Road and Upper Thomson.

Site 2: Kitchener Link — Farrer Park Reserve List Addition

The Kitchener Link site is within the Farrer Park planning area in District 8, adjacent to Farrer Park MRT station on the North East Line (NEL). Farrer Park has seen steady demand from healthcare workers employed at nearby Connexion (the integrated medical hub) and Tan Tock Seng Hospital. As a Reserve List site, Kitchener Link will only be tendered if a developer submits an acceptable minimum-price application to URA — a demand-sensing mechanism that prevents oversupply when market sentiment is weak.

The site can potentially yield approximately 145 residential units. Comparable land in D8 has transacted in the S$1,050–1,200 psf ppr range in recent tender cycles, suggesting a potential launch price of S$2,100–2,500 psf for a new development here, consistent with resale values in the Farrer Park condo market today.

1H2026 GLS Programme: Where These Sites Fit

Site List Type Est. Units Key Transport Tender / Status
Lorong Puntong / Sin Ming Ave Confirmed ~140 Bright Hill MRT (TEL) Closes 15 Sep 2026
Kitchener Link Reserve ~145 Farrer Park MRT (NEL) Application required
Peck Hay Road (awarded Jun 2026) Confirmed ~220 Newton MRT (NSL/DTL) Awarded Jun 2026
River Valley Green Parcel C (awarded Jun 2026) Confirmed ~350 Havelock MRT (TEL) Awarded Jun 2026
JLD White Site (launched Jul 2026) White Site ~1,200+ Jurong Lake District Launched Jul 2026

The June 2026 GLS releases follow a busy first half for URA land sales. River Valley Green Parcel C was awarded in June 2026 (to CDL at approximately S$1,325 psf ppr), and Peck Hay Road near Newton was also awarded in June. The Jurong Lake District white site was formally launched in July 2026. Against this backdrop, Lorong Puntong and Kitchener Link represent smaller, more surgical supply additions rather than market-moving mega-sites.

What This Means for Buyers and Investors

For buyers evaluating resale condos in the Sin Ming/Upper Thomson and Farrer Park micro-markets, the GLS releases signal new supply entering in 2027–2028 (assuming a standard 3–4 year construction timeline from award to Temporary Occupation Permit). This may create modest pricing competition for older resale stock at launch in those years. However, for capital appreciation investors, the Sin Ming GLS release is a positive long-term signal: URA’s conversion of industrial land to residential use endorses the Bright Hill MRT’s transformative effect on the corridor, and buyers who enter the precinct now may benefit from the full value uplift before new supply arrives.

For the Kitchener Link site, triggering depends on developer confidence in the D8 condo market. If CCR/RCR sentiment remains stable through late 2026, it is likely a developer will submit a trigger application in H2 2026 or H1 2027.

Frequently Asked Questions

What is the difference between a Confirmed List and Reserve List GLS site?

A Confirmed List site is put out for public tender by URA regardless of developer interest — it will be sold. A Reserve List site is only tendered if a developer submits a minimum acceptable price application first. This two-track system lets URA release supply systematically (Confirmed) while maintaining a buffer of ready-to-activate land that responds to actual market demand (Reserve). Reserve List sites are not “less desirable” — they are simply a policy mechanism to avoid releasing land faster than the market can absorb.

When could a new condo at the Sin Ming/Lorong Puntong site launch for sale?

If the Lorong Puntong/Sin Ming Avenue tender closes 15 September 2026 and is awarded in Q4 2026, a developer would typically spend 12–18 months on planning approvals and design before a sales launch. An early preview or public launch could therefore occur in late 2027 or early 2028, with keys (Temporary Occupation Permit) expected by 2030–2031 based on standard construction timelines. Buyers should monitor URA’s tender award announcements and developer project registration notices.

Can foreigners buy units in the new condos developed on these sites?

Yes. Both sites are zoned non-landed private residential, and resulting condominiums are open to Singapore Citizens, Permanent Residents, and foreigners — subject to applicable ABSD rates. Foreign buyers currently pay 60% ABSD. Singapore Citizens pay no ABSD on a first property purchase, and 20% ABSD on a second. The ABSD framework applies uniformly to new launches and resale private condominiums.

How does the Kitchener Link Reserve List site get triggered?

A developer must submit a formal written application to URA with a minimum acceptable price. If URA finds the application price acceptable, it launches a public tender within approximately 8 weeks. The triggering developer then competes openly against other bidders — there is no guaranteed right of purchase just from submitting the trigger application. If no developer submits an acceptable application price, the site remains dormant on the Reserve List.

Where can I find the full URA press release for these two GLS sites?

The official URA press release (pr26-49, 25 June 2026) is available at the URA website under Media Releases. The Lorong Puntong/Sin Ming Avenue tender details are listed under URA’s sites-for-tender page, and the Kitchener Link details appear on the sites-for-application page. Both pages are accessible at ura.gov.sg. The eDeveloper’s Packets with full conditions of tender are available for purchase through URA’s One-Stop Developer Portal.

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Disclaimer: This article is for general information purposes only and is based on URA press release pr26-49 (25 June 2026) and publicly available GLS data. Indicative tender bid and launch price estimates reflect LovelyHomes’ own analysis and do not constitute financial or investment advice. Readers should verify all GLS details directly with the Urban Redevelopment Authority (ura.gov.sg) before making any property purchasing or investment decision.

Singapore 2H2026 GLS Programme Guide: 9 Sites, 4,745 New Homes and What the Pipeline Means

Singapore 2H2026 GLS Programme Guide: 9 Sites, 4,745 New Homes and What the Pipeline Means

Quick Answer: Singapore’s 2H2026 Government Land Sales (GLS) Confirmed List, announced by URA on 3 June 2026, offers nine sites that can yield 4,745 private homes — including 735 Executive Condo units and 1,200 homes in the landmark Jurong Lake District white site. Full-year Confirmed List supply reaches 9,320 units: 50 per cent above the ten-year annual average. Nine sites span five regions; competition remains robust with an average of 4.6 bidders per GLS tender in 2026.

  • Total supply: 4,745 units — 4,010 private + 735 executive condo (EC).
  • Sites: Nine Confirmed List sites (eight private residential + one white site), plus a separate Reserve List of thirteen sites.
  • Announced: 3 June 2026 by the Ministry of National Development (MND).
  • Full-year supply: 9,320 Confirmed List units in 2026 — 50% above the 10-year annual average of approximately 6,200 units.
  • Standout plot: Townhall Link white site in Jurong Lake District — 3.72 ha, 1,200 homes + 83,350 sqm commercial GFA; tender opens July 2026.
  • First EC in Jurong East in ~30 years: Jurong East Avenue 1 (735 units) under new 10-year MOP rules.
  • Orchard Boulevard: Boutique CCR site (110 units); expected top bid up to S$1,700 psf ppr, up to 8 bidders.
  • Market temperature: Average 4.6 bidders per GLS tender in 2026 vs 2.4 in 2024 — developer confidence remains firm.

What Is the Government Land Sales Programme?

The Government Land Sales programme is the primary mechanism through which the Singapore government releases state land for private residential and mixed-use development. Administered jointly by URA (for private residential sites) and HDB (for EC sites), the GLS programme is announced twice a year — once for the first half (1H) and once for the second half (2H) of the calendar year. Sites are categorised into two lists: the Confirmed List, which is released unconditionally for tender regardless of market conditions, and the Reserve List, which is released only when a developer submits a minimum bid above URA’s reserve price and triggers an application.

The GLS programme is the government’s single most powerful tool for managing private housing supply. Historically, the annual volume of Confirmed List sites has been calibrated against unsold developer inventory, price trends, and macroeconomic conditions. A high Confirmed List release — as in 2026 — signals a government intent to pre-empt price overheating by ensuring adequate forward supply. Buyers, investors, and developers all watch the programme closely because the sites released today shape the supply of completions three to four years ahead.

The Nine 2H2026 Confirmed List Sites

Singapore 2H2026 GLS Confirmed List: all nine sites with regions, unit yields and key highlights
Figure 1: 2H2026 Confirmed List — nine sites with unit yields and key details. Source: URA press release, 3 June 2026. Click to enlarge.

The nine sites span four broad market segments. Two Core Central Region (CCR) sites — Orchard Boulevard and Holland Plain — introduce 610 units in the city’s most premium residential precinct, continuing the measured release of CCR supply that has characterised government policy since 2023. Four Rest of Central Region (RCR) sites — Marina Gardens Lane, Tanjong Rhu Close, Berlayar Close, and East Coast Road — concentrate development in emerging waterfront and city-fringe precincts with excellent transport connectivity. One Outside Central Region (OCR) site at De Souza Avenue adds mass-market supply in the Bukit Timah planning area. The white site at Townhall Link is the most transformative, anchoring the second phase of the Jurong Lake District’s development as Singapore’s second Central Business District. And the EC site at Jurong East Avenue 1 is the first such site offered in the Jurong East area in nearly three decades.

Unit Supply by Site and Region

2H2026 GLS Confirmed List unit yield by site: Orchard Blvd 110, Holland Plain 500, Marina Gardens 390, Tanjong Rhu 505, Berlayar Close 695, East Coast Road 85, De Souza Ave 415, JLD white site 1200, Jurong East EC 735
Figure 2: Unit yield per site, 2H2026 GLS Confirmed List. The JLD white site (1,200 homes) and Jurong East EC (735 units) account for 41% of total supply. Source: URA, 3 June 2026. Click to enlarge.

Orchard Boulevard (CCR, 110 units)

Situated at the corner of Orchard Boulevard and Tomlinson Road, this 0.34-hectare residential site is described by market observers as “probably one of the last few land plots along Orchard Boulevard”. At a projected top bid of up to S$1,700 per square foot per plot ratio (psf ppr), the site offers a manageable unit yield that limits absolute development risk and is expected to draw up to eight bidders. For context, the most recently awarded CCR site in the vicinity — which became Upperhouse at Orchard Boulevard — was sold in February 2024 at S$1,616 psf ppr and has moved about 80 per cent of units to date, providing developers confidence in the precinct’s demand fundamentals. The boutique scale of the site (likely to yield a 20-storey tower of approximately 110 units) appeals to buyers seeking exclusivity and the proximity to the Thomson-East Coast Line’s Orchard station.

Holland Plain (CCR, ~500 units)

This site is the second CCR site in the 2H2026 Confirmed List and is adjacent to two recently-awarded sites — one at Holland Link awarded to Sim Lian Group at S$1,432 psf ppr in 2025, and a neighbouring Holland Plain site awarded at S$1,391 psf ppr one month prior to the 2H2026 programme announcement. The clustering of three adjacent sites serves a dual purpose: building critical mass in a precinct that is still largely characterised by landed housing and ageing condominiums, while potentially moderating bidding behaviour by reducing the scarcity premium that developers might otherwise price in for isolated plots.

Marina Gardens Lane (RCR, ~390 units)

This is the third site to be offered in the Marina South precinct — Singapore’s emerging waterfront residential neighbourhood on reclaimed land adjacent to Marina Bay. Measuring 0.6 hectares with a residential-with-commercial-at-first-storey zoning, it can yield approximately 390 homes and 150 square metres of commercial space. The site is within walking distance of the upcoming Marina South MRT station on the Thomson-East Coast Line. It is adjacent to One Marina Gardens (937 units), which a Kingsford-led consortium developed and which has sold approximately 68 per cent of units since its April 2025 launch at around S$2,280 psf. The smaller scale of this site is expected to attract mid-sized developers who might otherwise be deterred by the very large plot sizes typical of Marina South.

Tanjong Rhu Close (RCR, ~505 units)

Industry observers consistently rank this as one of the most attractive plots in the 2H2026 programme. Measuring 1.23 hectares, the site is immediately adjacent to a site on Tanjong Rhu Road that was awarded in February 2026 to a City Developments–Woh Hup joint venture at S$1,455 psf ppr — a record land rate for a pure residential site in the Rest of Central Region. The site benefits from its position in a well-regarded enclave close to Marina Bay and the Kallang sports precinct, with the Katong Park and Tanjong Rhu MRT stations approximately ten minutes on foot. Future units are likely to command sea views, adding a premium that historically commands 5–10 per cent above comparable units without such aspects.

Berlayar Close (RCR, ~695 units)

Spanning 2.82 hectares, the Berlayar Close site is the largest of the RCR plots and represents the third site in the Greater Southern Waterfront — a 30-kilometre stretch from Marina East to Pasir Panjang that the government has earmarked for a new waterfront city over the coming decades. The first Greater Southern Waterfront site, at Telok Blangah, was awarded in November 2025 to Kingsford Group at S$1,326 psf ppr and can yield about 745 units. A second Berlayar Drive site (about 415 units) is currently open for tender, closing in August 2026. The Telok Blangah MRT station on the Circle Line is approximately ten minutes on foot.

East Coast Road (RCR, ~85 units)

At 0.55 hectares, this is the smallest of the eight private residential sites, yielding approximately 85 units — a boutique development in the Siglap area, one of Singapore’s last remaining low-density residential enclaves characterised by landed housing and pre-war bungalows. The site carries a minimum unit size requirement of 100 square metres, limiting the ability to create smaller high-yield units and naturally targeting buyers who prioritise space. The site’s distance from the nearest MRT is expected to temper competition, making it more attractive to niche developers focused on landed-style condominium product than to volume builders.

De Souza Avenue (OCR, ~415 units)

Located in the Bukit Timah planning area, this 2.22-hectare site is adjacent to the site of The Sen (347 units), which developer Sustained Land purchased in July 2024 at S$841 psf ppr. The Sen launched in November 2025 and moved about 23 per cent of units on its launch weekend. Interest in De Souza Avenue is expected to be moderate — the site is some distance from an MRT station and lacks a strong HDB upgrader catchment nearby. However, the Bukit Timah address and proximity to good schools, including Pei Hwa Presbyterian, Bukit Timah Primary, and Methodist Girls’ School, give it a defined appeal to families in the primary-school balloting window.

The JLD White Site: Singapore’s Next CBD Pillar

The Townhall Link white site is the most consequential release in the 2H2026 GLS programme. At 3.72 hectares, it is the largest Confirmed List plot and the only mixed-use white site. It can yield up to 1,200 housing units alongside a minimum of 40,000 square metres of office space and 44,000 square metres of additional uses — retail, serviced apartments, hotel, and community facilities — for a total commercial gross floor area of approximately 83,350 square metres.

The site was carved from the former 6.5-hectare master developer plot at Jurong Lake District, which attracted a sole bid of S$640 psf ppr in 2024 that URA rejected as too low. The decision to sub-divide the master plot into smaller parcels reflects a pragmatic acknowledgement that the scale of the original site was deterring competitive bidding and delaying the JLD’s transformation. The Townhall Link site is connected to or in close proximity to four MRT lines: the North-South, East-West, Jurong Region, and the under-construction Cross Island line. It is intended to “spearhead the transformation of JLD into Singapore’s secondary CBD”, in URA’s own words. Its tender opens in July 2026.

The Jurong East EC Site: A 30-Year Gap Closes

The EC site at Jurong East Avenue 1 is the first executive condominium to be offered in Jurong East since Westmere in 1996 — a gap of approximately 30 years. The site can yield 735 units across an area of approximately 2 hectares, making it a large EC development by any measure. It will be the first EC launched under the new ten-year MOP and 15-year privatisation rules announced on 8 May 2026, making its bid result and eventual launch price a critical data point for how the rule changes affect developer land valuations and end-unit pricing.

Demand for EC in the western region — specifically in Jurong East — has historically been strong, driven by a large pool of young Singaporean families working in the Jurong Industrial Estate, the International Business Park, and the growing Jurong Lake District commercial cluster. The site brings full-year EC supply on the Confirmed List to 1,370 units (635 from 1H2026 + 735 from 2H2026), substantially below the 1,970 EC units supplied in 2025. This measured reduction likely reflects the government’s intent to assess how market participants respond to the new MOP framework before recommitting to higher EC volumes.

Historical Context: 2026 Supply at a 10-Year High

Singapore GLS Confirmed List annual supply 2016-2026: 9,320 units in 2026 is 50% above the 10-year average of around 6,200 units
Figure 3: GLS Confirmed List annual supply 2016–2026F. The 2026 combined total of 9,320 units is 50% above the 10-year annual average. Source: URA / MND. Click to enlarge.

Combining the 1H2026 Confirmed List (4,575 units) with the 2H2026 Confirmed List (4,745 units) yields a full-year total of 9,320 Confirmed List units for 2026. This is 50 per cent above the ten-year annual average of approximately 6,200 units and represents the highest Confirmed List supply since at least 2013. The elevated supply programme is a deliberate policy response to private property price growth that has outpaced income growth in Singapore — the private residential property price index (PPI) reached 208.8 in Q1 2026 (URA data), up from 131.5 at the start of 2020, a 59 per cent increase over six years.

The high supply programme has been accompanied by sustained developer appetite. The average number of bidders per GLS tender (excluding ECs) has risen from 2.4 in 2024 to 4.6 in 2026 year-to-date — close to the 5.6 recorded in 2025, a historically active year. Recent launches such as Pinery Residences, River Modern, and Tengah Garden Residences have moved over 90 per cent of units on their respective launch weekends, confirming that end-user demand remains robust despite the elevated ABSD rates introduced in April 2023.

2H2026 GLS Programme: Summary Table

Site Region Est. Units Area Notable Feature
Orchard Boulevard CCR 110 0.34 ha Boutique; among last Orchard Blvd plots; up to 8 bidders
Holland Plain CCR ~500 ~2 ha Third adjacent site; precinct-building strategy
Marina Gardens Lane RCR ~390 0.60 ha Third Marina South plot; near future Marina South MRT
Tanjong Rhu Close RCR ~505 1.23 ha Adjacent to Feb 2026 RCR record; sea views; highly sought-after
Berlayar Close RCR ~695 2.82 ha Greater Southern Waterfront; third GSW site
East Coast Road RCR ~85 0.55 ha Boutique Siglap landed enclave; 100 sqm min unit size
De Souza Avenue OCR ~415 2.22 ha Bukit Timah school belt; some distance from MRT
Townhall Link (White Site) JLD ~1,200 homes
+83,350 sqm GFA
3.72 ha Largest site; mega mixed-use; anchors JLD as Singapore’s 2nd CBD
Jurong East Ave 1 (EC) Western 735 EC ~2 ha First EC in Jurong East since 1996; new 10-yr MOP rules apply
TOTAL 9 sites 4,745 units 4,010 private + 735 EC | Full-year Confirmed List: 9,320 units

Worked Example: What the GLS Programme Means for a Buyer Targeting a Launch in 2027–2028

Mr and Mrs Tan are Singapore Citizens planning to upgrade from their HDB flat in Jurong West to a private condominium. Their combined income is S$15,000 per month. They are watching two sites from the 2H2026 GLS programme: the Jurong East Avenue 1 EC (for its income-ceiling alignment and proximity) and the De Souza Avenue site (for its school catchment and OCR pricing).

Option A — Jurong East EC: Land tender expected mid-2H2026; launch likely 2027. At the 2H2026 land release price, comparable EC units in western Singapore have been pricing at S$1,000–S$1,150 psf. A three-bedroom 95 sqm unit might launch at approximately S$1.1M. BSD: S$24,600. ABSD: 0% (first-time SC couple, EC is first property). If the Tans sell their HDB first, down payment at 25% = S$275,000 (5% cash S$55,000 + 20% CPF S$220,000). Bank loan: S$825,000 at 3.1% 30yr = S$3,527/month. TDSR: 23.5% (PASS). However, the ten-year MOP means this unit cannot be sold until approximately 2037–2038 — a significant illiquidity constraint for a couple in their thirties.

Option B — De Souza Avenue private condo: Land tender expected 3Q2026; launch likely 2027–2028. Comparable OCR condominiums near Bukit Timah are launching at S$1,900–S$2,200 psf. A three-bedroom 90 sqm unit might launch at S$1.75M. BSD: S$54,600. ABSD: S$350,000 (20%, SC second property — payable upfront if HDB not yet sold; eligible for remission upon HDB sale within six months). Bank loan: S$1,312,500 at 3.1% 30yr = S$5,619/month. TDSR: 37.5% (PASS under 55%). The private condo has no MOP (Sellers’ Stamp Duty applies for three years post-purchase: 12%/8%/4%), giving far greater flexibility.

Conclusion: The EC route offers substantially lower upfront cost and zero ABSD for a first-time buyer, but the ten-year MOP creates a fifteen-year horizon to liquid resale that requires careful long-term planning. The private condo route demands significantly more cash and ABSD outlay but provides full flexibility and an open buyer pool upon privatisation from day one. For the Tans, if they are highly confident about remaining in the western region for at least fifteen years and do not anticipate significant financial changes, the EC represents better value for money. If their circumstances are likely to change — relocation, family expansion, employment shifts — the private condo’s liquidity premium is well worth paying.

Why the 2H2026 Programme Matters for Singapore’s Property Market

Singapore’s approach to GLS supply management has historically been counter-cyclical: the government releases more land when prices are rising and less when they are correcting. The 2026 Confirmed List total of 9,320 units — the highest in at least a decade — is a clear signal that the government views the prevailing price trajectory as requiring active supply-side management. Private residential prices rose 2.63 per cent year-on-year in Q1 2026 (URA PPI), and the broader context of elevated ABSD rates since April 2023 has not fully dampened demand from genuine owner-occupiers and local investors.

The concentration of RCR sites (Marina Gardens Lane, Tanjong Rhu Close, Berlayar Close, East Coast Road) reflects a deliberate policy to develop Singapore’s waterfront precincts — Marina South, Tanjong Rhu, and the Greater Southern Waterfront — as premium residential addresses that can absorb demand from residents upgrading from ageing RCR stock. The JLD white site, by contrast, is an economic-development play as much as a housing play: the combined residential and commercial component at Townhall Link is intended to accelerate the transformation of Jurong into a self-sufficient live-work-play district.

Peer cities have drawn different supply-side lessons. Hong Kong’s chronic supply shortage and sky-high prices are a cautionary tale for what happens when GLS supply lags consistently behind demand for decades. Sydney’s experience with developer-driven oversupply in the mid-2010s showed that excessive releases can cause sharp short-term corrections. Singapore’s managed approach — calibrated half-yearly, responsive to data — has broadly achieved its goal of a stable market, though at the cost of perpetually high price levels relative to household income.

What Might Come Next

With the 2H2026 Confirmed List sites feeding into the launch pipeline for 2027 and 2028, buyers watching the GLS programme should expect a well-supplied private residential market for the next two to three years. The key swing factor will be the outcome of the JLD Townhall Link tender: if multiple developers bid competitively, it signals robust institutional confidence in the Singapore market; if the tender attracts few bidders or a below-reserve outcome, it may prompt URA to revise the Reserve List strategy. URA Q2 2026 Flash Estimates — expected in the first week of July 2026 — will be the next major data point for whether the elevated supply programme is having the intended moderating effect on prices.

The 1H2027 GLS programme, likely to be announced in December 2026, will also be closely watched. If unsold developer inventory remains elevated (42,561 units in the pipeline as at Q1 2026, of which 17,032 remain unsold), the government may maintain or marginally reduce Confirmed List supply. If take-up continues at the robust pace seen in H1 2026, the supply programme may be sustained or expanded.

Frequently Asked Questions

What is the difference between the Confirmed List and the Reserve List?

The Confirmed List is released for tender by URA regardless of market conditions — developers can submit bids at any time once the site is listed. The Reserve List is held back: a developer must submit a minimum-price application to trigger an official tender for a Reserve List site. The government uses this structure to maintain supply certainty (Confirmed List) while keeping optionality for responsive releases (Reserve List). In practice, a strong Reserve List application signals developer appetite and is often seen as a leading indicator of market activity.

How long does it take from a GLS award to a new launch?

Typically, a developer needs six to twelve months after land award to complete design planning, obtain approvals, and prepare sales materials before launching the project. Construction then takes three to four years from launch before TOP is achieved. So a 2H2026 GLS site awarded in late 2026 or early 2027 would likely launch in mid-2027 to mid-2028 and reach TOP around 2030–2032. Buyers planning to purchase on the primary market should factor in this timeline when deciding whether to buy a new launch or a completed resale unit.

What does “psf ppr” mean and why does it matter?

PSF ppr stands for “price per square foot per plot ratio” — the standard land-value metric used in Singapore GLS tenders. It is calculated as (bid price ÷ land area in sqft ÷ plot ratio). Plot ratio is the zoning parameter that determines how much total floor area a developer may build on a given site. A higher psf ppr means the developer paid more for each unit of developable floor area, which generally flows through to higher end-unit launch prices. Comparing psf ppr across adjacent sites is the most reliable way to track land cost trends across a precinct over time.

Can foreigners buy units launched from 2H2026 GLS sites?

Yes — private residential units launched from all 2H2026 GLS sites (excluding the EC) are open for purchase by foreigners. However, the Additional Buyer’s Stamp Duty for foreigners purchasing any residential property in Singapore is 60 per cent of the purchase price (as at June 2026), making foreign purchases of new private condominiums extremely expensive. The EC at Jurong East Avenue 1 is subject to the standard EC rules: foreigners may not purchase new ECs at all, and can only enter the EC market after full privatisation (15 years from TOP under the new rules).

Does a high GLS supply programme necessarily mean lower prices?

Not necessarily, at least not in the short term. GLS supply translates into completions three to four years after the land award date, meaning the pipeline from 2H2026 will add meaningful inventory only around 2030–2032. In the interim, the supply of completed private homes available for immediate purchase is relatively thin, which can sustain price levels even when forward supply is high. The government’s primary intent is to prevent a structural undersupply from driving prices to extreme levels — as has occurred in Hong Kong — rather than to engineer a price correction. Whether 2026’s elevated supply pipeline produces meaningful price moderation will depend heavily on interest-rate trends, immigration policy, and overall economic growth through 2030.

When can I buy a unit in the 2H2026 GLS sites?

Units in 2H2026 GLS sites will only be available for sale once developers have been awarded the land and prepared their sales launches. Based on the typical timeline, most 2H2026 sites will tender in Q3–Q4 2026, with awards following in early 2027. Launches are likely between mid-2027 and end-2028, depending on developer readiness. The JLD Townhall Link white site tender opens in July 2026 and is likely to be awarded later in 2026; given its complexity, the launch of its residential component may be 2028 or later. Keep an eye on URA’s new sale launches page and the official project showroom announcements for confirmed launch dates.

Related Articles

Disclaimer: This article is for general informational and educational purposes only. GLS programme details, site unit yields, and timeline estimates are based on the URA press release of 3 June 2026 and subsequent market commentary. Actual tender outcomes, launch prices, unit counts, and development timelines are subject to change depending on market conditions, regulatory requirements, and developer decisions. Readers should verify all information directly with the Urban Redevelopment Authority (ura.gov.sg), the Housing and Development Board (hdb.gov.sg), and the Ministry of National Development (mnd.gov.sg), and consult a licensed property agent or financial adviser before making any investment or purchase decision.

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River Valley Green Parcel C GLS 2026: Top Bid S$1,730 psf ppr Sets New River Valley Benchmark

River Valley Green Parcel C GLS 2026: Top Bid S$1,730 psf ppr Sets New River Valley Benchmark

×Enlarged viewClick anywhere outside to close

Quick Answer: River Valley Green Parcel C GLS 2026

  • Tender closed: 18 June 2026. The site received 4 bids, all above S$700 million — exceptional confidence from developers in the River Valley / District 9 market.
  • Top bid: A joint venture between Sunway MCL and CSC Land Group submitted the highest bid of S$750.6 million at S$1,730 psf per plot ratio (ppr) — a new land rate record for the River Valley and Zion precinct.
  • The site: 123,958 sq ft, Gross Plot Ratio 3.5, maximum GFA 433,854 sq ft, located steps from Great World MRT (Thomson-East Coast Line). Estimated yield: approximately 500 units.
  • Expected development: Sunway MCL and CSC Land plan twin 36-storey residential towers. Formal URA award is pending; launch expected 2027–2028.
  • Buyer implications: Higher land cost translates to higher new launch prices in the precinct — industry analysts project future launch prices of S$3,200–S$3,800 psf for this site.

River Valley Green Parcel C: The Last GLS Site in the Great World Precinct

The River Valley Green (Parcel C) Government Land Sales tender closed on 18 June 2026 at 12:00 noon, drawing four bids from established developers — all above S$700 million. The site is the final residential plot to be carved out of the River Valley Green precinct along River Valley Road, bookending a sequence of GLS sales that has transformed the stretch between Great World City and Zion Road.

URA launched the site in April 2026 as part of the 1H2026 GLS programme. At 123,958 sq ft with a GPR of 3.5, it can yield approximately 470–500 residential units. The site occupies a prime position within District 9 (CCR — Core Central Region), within a five-minute walk of Great World MRT Station on the Thomson-East Coast Line, and is flanked by the already-launched River Valley Green developments.

The Bids: A New Land Rate Benchmark for River Valley

River Valley Green Parcel C GLS tender bids June 2026 all four bids S$1730 psf ppr
Figure 1: All Four Tender Bids — River Valley Green (Parcel C), Closed 18 June 2026
Bidder Bid (S$ Million) Land Rate (S$ psf ppr) Premium vs 2nd Bid
Sunway MCL + CSC Land JV (Top Bidder) S$750.6M S$1,730 +4.5% above 2nd
2nd Bidder ~S$718.3M ~S$1,656
3rd Bidder ~S$703.5M ~S$1,621
4th Bidder ~S$701.2M ~S$1,617

The tight clustering of bids — with only S$49.4M separating the top from the bottom bid, and all four above S$700M — reflects strong consensus among developers on the site’s land value. The top bid of S$1,730 psf ppr is approximately 22% higher than the land rate achieved at the most recent comparable River Valley Green tender, and sets a new benchmark for the Zion / River Valley precinct.

How This Compares to Recent CCR Land Sales

CCR GLS land rate comparison 2024 to 2026 River Valley Peck Hay Road Zion
Figure 2: CCR / River Valley Corridor GLS Land Rate Trend (2024–2026)

The S$1,730 psf ppr land rate also trails Peck Hay Road (awarded June 2026 at S$1,865 psf ppr — a new Newton precinct record), placing River Valley Green Parcel C firmly within the upper tier of Singapore’s CCR land market but not at the absolute frontier. The Peck Hay Road site, also in CCR District 11, attracted stronger bids due to its Newton / Cairnhill adjacency and higher-value catchment. The River Valley site, while slightly less premium in location, benefits from the Thomson-East Coast Line connectivity and the established Great World City mixed-use ecosystem.

In comparison, Zion Road Parcel A cleared at approximately S$1,420 psf ppr in 2024, meaning the Parcel C award represents land value appreciation of roughly 22% over that two-year period — consistent with the overall premium property price appreciation of 10–15% across the same period.

What Sunway MCL and CSC Land Plan for the Site

In a joint press release issued on 18 June 2026, Sunway MCL and CSC Land confirmed that if awarded the site, they intend to develop a 500-unit premium residential project comprising twin 36-storey towers. This is the second joint venture between the two developers following their collaboration on ELTA along Clementi Avenue 1 (501 units, launched February 2025). The developers did not disclose pricing but noted their commitment to delivering a premium product reflecting the site’s strategic location and land cost. Formal URA award is expected within weeks of the tender close; launch is anticipated in 2027 or early 2028 subject to planning approvals and construction commencement.

What This Means for Buyers in the River Valley / District 9 Market

Higher land cost at GLS almost always translates into higher launch prices — developers need to recover land, construction, and holding costs, and build in a profit margin. With land at S$1,730 psf ppr and construction costs running at approximately S$600–S$800 psf, industry analysts project break-even prices around S$2,800–S$3,000 psf. A typical developer margin of 15–20% on a prime CCR product would place launch prices in the range of S$3,200–S$3,800 psf. For a 1,000 sq ft unit, that translates to S$3.2M–S$3.8M — firmly above the average SC first-property buyer’s budget, and targeted primarily at SC second-property buyers (20% ABSD), SPR buyers (5% ABSD for 1st property), and overseas purchasers who already pay 60% ABSD on any Singapore condo.

For existing owners in the River Valley, Zion Road, and Great World precinct, the strong GLS result is broadly positive — it reinforces the ceiling for comparable units in the secondary market and supports resale prices in the precinct.

Frequently Asked Questions: River Valley Green Parcel C GLS

What is a GLS tender and what happens next?

A Government Land Sales (GLS) tender is the process by which Singapore’s government — via the Urban Redevelopment Authority (URA) or HDB — sells public land to private developers for residential or mixed-use development. After the tender closes, URA evaluates all bids and formally awards the site, typically within two to four weeks. The developer then pays the accepted bid price, commences planning and design, applies for planning permission, and eventually launches the development for sale — a process that typically takes 18–36 months from GLS award to sales launch.

What does “psf ppr” mean and how does it relate to end prices?

“Per square foot per plot ratio” (psf ppr) is the standard unit for land pricing in Singapore GLS. It normalises land cost across sites of different sizes and densities. To estimate the impact on end unit prices: multiply the land rate (S$1,730) by the GPR (3.5) to get the land cost per square foot of gross floor area — approximately S$4,955 psf GFA. Add construction (S$600–S$800 psf), financing, and marketing costs, plus developer margin, to arrive at approximate launch prices of S$3,200–S$3,800 psf net sellable area.

When will this development launch for sale?

Based on the typical timeline from GLS award to sales launch, the development is expected to launch in 2027 or early 2028. The developers will need to obtain planning approval, finalise design, set up the showflat, and receive the Controller of Housing’s Sale Licence before selling any units. Singapore buyers who are interested should monitor URA’s new sales data and property portals for VIP preview announcements, which typically occur one to three months before the official launch.

Can foreigners buy units in this development?

Yes. Condominiums are open to all buyers including foreigners, subject to ABSD. Foreigners pay ABSD of 60% as at 2026, in addition to Buyer’s Stamp Duty. On a S$3.5M unit, a foreigner would pay BSD of approximately S$184,600 plus ABSD of S$2,100,000 — total stamp duty of S$2,284,600. The high ABSD rate introduced in April 2023 has substantially dampened foreign demand for Singapore condominiums, making CCR new launches now more dependent on Singapore Citizen and SPR buyers than in prior cycles.

Are there any upcoming GLS sites in the River Valley area?

Parcel C is the final GLS residential site in the River Valley Green precinct. The broader 2H2026 GLS programme includes sites in other growth corridors — Jurong Lake District, Tengah, and Bayshore — but no further River Valley or Zion Road residential plots have been announced. Any future supply in this precinct would be from redevelopment of private sites or collective sales (en bloc), which are individually negotiated and not part of the GLS programme. The next significant CCR GLS event to watch is the formal award of River Valley Green Parcel C by URA, expected in late June or early July 2026.

Disclaimer: Bid figures for the 2nd, 3rd, and 4th bidders in the River Valley Green Parcel C tender are estimates based on industry sources at time of publication; only the top bid of S$750.6 million by Sunway MCL and CSC Land has been confirmed via developer press release. Formal URA award is pending. Projected launch prices are analyst estimates and are not representations or warranties. Verify all figures with URA at ura.gov.sg before making any investment decision.

Peck Hay Road GLS Awarded to CDL-Hong Leong JV at S$1,865 PSF PPR: What Buyers Need to Know

Peck Hay Road GLS Awarded to CDL-Hong Leong JV at S$1,865 PSF PPR: What Buyers Need to Know

📌 Quick Answer: Peck Hay Road GLS Award (June 2026)

  • Winner: City Developments Limited (CDL) and Hong Realty (a Hong Leong Group subsidiary) joint venture, with a top bid of S$542.4 million or S$1,865 per square foot per plot ratio (psf ppr).
  • Four bids were received when the tender closed on 11 June 2026, with the CDL-Hong Leong JV coming in 8.4% above the second-highest bidder (Sunway MCL Land & CSC Land Group at S$1,720 psf ppr).
  • Development potential: The 0.55-hectare site in the Newton area (District 11, CCR) has a gross plot ratio of 4.9 and is expected to yield approximately 315 private residential units.
  • Projected launch price: Industry observers estimate an average selling price of approximately S$3,600–S$4,000 psf, based on the winning land rate and current CCR construction costs.
  • Market signal: The confident bidding — four bids, strong premium over second — reflects continued developer conviction in prime Singapore residential despite global headwinds.

Singapore’s Newton District Gets a New Landmark: Peck Hay Road GLS Awarded

The Government Land Sale (GLS) site at Peck Hay Road, Newton, has been awarded to a joint venture between City Developments Limited (CDL) and Hong Realty Private Limited, a subsidiary of the Hong Leong Group, following the close of the tender on 11 June 2026. The winning bid of S$542.4 million — equivalent to S$1,865 psf per plot ratio — sets a new benchmark for land rates in the Newton corridor and is the highest price paid for a residential GLS site in the District 11 area in recent memory.

The site sits within a short walk of Newton MRT Station (North-South Line and Downtown Line interchange) in the prime Core Central Region (CCR), minutes from the Orchard Road shopping belt. It is a rare land parcel in a district that has seen virtually no new GLS activity in recent years, making the award a significant event for luxury property buyers and investors who have been waiting for a premium new launch in Newton.

Peck Hay Road GLS tender results 2026 — all four bidders land rate and total bid CDL Hong Leong winner
Figure 1: Peck Hay Road GLS Tender Results — four bids received; CDL-Hong Leong JV won at S$1,865 psf ppr, 8.4% above the second bidder (S$1,720 psf ppr). Tender closed 11 June 2026.

The Bid Results: Four Credible Bids Signal Developer Confidence

The tender drew four bids from established developers — a healthy response by Singapore GLS standards in 2026, where some suburban sites have attracted only two or three bids. The bid results in full:

Bidder Total Bid Land Rate (psf ppr) Premium vs 2nd
CDL & Hong Realty JV 🏆 S$542.4M S$1,865 +8.4%
Sunway MCL Land & CSC Land Group JV S$500.2M S$1,720
China Overseas Land & Investment S$460.3M S$1,583
Hong Leong Holdings & TID JV S$459.5M S$1,580

Source: URA, tender results 11 June 2026. Land area: 5,578 sqm (0.55 ha). GFA: 27,330 sqm. Gross plot ratio: 4.9. Maximum 315 residential units.

The spread between the highest and lowest bids — roughly 18% — is relatively tight for a prime CCR site, suggesting broad alignment among developers on the land’s underlying value. The 8.4% premium that CDL-Hong Leong paid over the second bidder is, by itself, a meaningful commitment to capturing this particular site, likely driven by both parties’ existing pipeline management and brand positioning in the District 11 premium segment.

Notable: Hong Leong Group entities placed two separate bids — via the CDL-Hong Realty JV (winner) and via Hong Leong Holdings-TID JV (fourth place). This is not unusual for large property groups with multiple subsidiaries; different legal entities bid independently and the group as a whole gains optionality on the outcome.

Site Details and Development Parameters

The Peck Hay Road GLS site is located at the intersection of Peck Hay Road and Bukit Timah Road — a prestigious address within the Newton estate. Key development parameters set by URA in the tender conditions:

Parameter Specification
Land area 5,578 sqm (approximately 0.55 hectares)
Gross plot ratio 4.9
Maximum GFA (residential) 27,330 sqm
Permitted use Residential
Estimated unit count Approximately 315 units
Tenure 99-year leasehold
District District 11, Core Central Region (CCR)
Nearest MRT Newton (NS21/DT11) — approximately 300m

The 99-year leasehold tenure is standard for GLS sites in Singapore’s CCR. The site’s location within a short walk of Newton MRT — one of only two MRT interchanges south of the PIE in the CCR — gives it exceptional connectivity: Downtown Line trains reach Marina Bay in approximately 12 minutes, and North-South Line trains reach Orchard in two stops.

Newton CCR corridor GLS land rates historical context 2016-2026 — Peck Hay Road new benchmark psf ppr
Figure 2: Newton and CCR corridor GLS land rates in historical context — the Peck Hay Road award at S$1,865 psf ppr sets a new benchmark for the Newton/CCR precinct, exceeding the previous Bukit Timah Road benchmark of S$1,720 psf ppr (2022).

What Will the Future Development Be Called and How Much Will It Cost?

CDL and Hong Leong have not yet released a project name or official launch timeline. Based on the winning land rate of S$1,865 psf ppr, plus typical construction costs, professional fees, developer profit margin, and marketing costs in the current environment, industry observers estimate a break-even cost of approximately S$3,100–S$3,300 psf and an anticipated average launch price of S$3,600–S$4,000 psf — potentially pushing above S$4,000 psf for premium high-floor or penthouse units with city or Bukit Timah Hill views.

At S$3,800 psf, a typical 1,000 sqft 2-bedroom unit would be priced at approximately S$3,800,000. A 1,500 sqft 3-bedroom unit would approach S$5,700,000. This places the development squarely in CCR luxury territory, targeting high-net-worth buyers — predominantly Singapore Citizens and Permanent Residents given the 60% ABSD applicable to foreigners.

The typical timeline from GLS award to project launch in Singapore is 18–30 months, meaning the Peck Hay Road development could expect to preview in late 2027 or 2028. CDL has a strong track record in the CCR, having previously developed Gramercy Park (84 units, Grange Road) and New Futura (124 units, Leonie Hill), both considered exemplars of luxury Singapore residential design.

What This Means for the Newton Property Market

The award has several implications for Newton and broader CCR buyers and sellers:

Benchmark land rate effect: At S$1,865 psf ppr, this site establishes a new data point that developers, valuers, and banks will reference in assessing residual land values and resale property prices in the Newton, Novena, and Moulmein precincts. Owners of existing CCR condos in the area may find that their properties are valued slightly higher in subsequent bank valuations, reflecting the premium paid for new land.

Supply context: With only approximately 315 units, this development will not materially alter CCR supply dynamics. The total CCR pipeline (units under construction or recently launched but unsold) remains manageable, and the Newton micro-market has seen almost no significant new launches since the Neu At Novena and Pullman Residences projects. The scarcity of prime Newton new launches is itself a pricing support for the future development.

Buyer profile: At the projected S$3,800–S$4,000 psf, this development will largely serve the Singapore affluent and ultra-high-net-worth segment, alongside institutional and family-office buyers. Given the 60% ABSD applicable to foreign nationals (with limited FTA exemptions for US, Swiss, and selected other nationals), the buyer pool will be predominantly local, supplemented by Permanent Residents and FTA-exempt nationalities.

Frequently Asked Questions

What is a GLS tender, and how does it work?
A Government Land Sale (GLS) tender is the process by which the Singapore Land Authority (SLA), on behalf of the government, releases state land for private development by selling it to the highest qualified bidder. GLS sites are released on a Confirmed List (sites that will definitely be tendered) or a Reserve List (sites that can be triggered by developer application). The Peck Hay Road site was on the Confirmed List for the 1H 2026 GLS Programme. Developers submit sealed bids by the tender closing date; the site is typically awarded to the highest bidder, provided the bid exceeds the government’s reserve price. The winning developer pays the full bid price to the state and then develops the land within the conditions set by the Planning Permission.
What is “psf ppr” and why is it used for GLS bids?
PSF PPR stands for “per square foot per plot ratio.” It is the standard metric for comparing GLS bids because it normalises land costs across sites of different sizes and different development densities. For example, a site with a gross plot ratio (GPR) of 4.9 can yield 4.9 times its land area in gross floor area (GFA). Multiplying the site area by the GPR gives the allowable GFA. The land cost per square foot of GFA is then a direct input into the developer’s break-even cost analysis. A higher psf ppr means a higher land cost per unit of development floor area, which in turn implies a higher launch price is needed to achieve a viable profit margin.
When will the CDL-Hong Leong Newton development launch?
No official launch timeline has been announced. Typically, after a GLS award the developer spends 6–12 months on design, planning, and regulatory approvals (including URA Written Permission) before commencing construction, and a further 12–18 months before the first public preview. Based on this typical timeline, the Peck Hay Road development is likely to preview in late 2027 or mid-to-late 2028. LovelyHomes will publish a dedicated New Launch project page when CDL-Hong Leong announces the project name, preview date, and unit mix.
Can foreigners buy units in this development?
Yes — private condominiums in Singapore are open to foreign buyers. However, foreigners pay a 60% Additional Buyer’s Stamp Duty (ABSD) on the full purchase price in addition to the standard Buyer’s Stamp Duty (BSD). At an estimated purchase price of S$3.8M per unit, the ABSD alone would be S$2.28M, making the total acquisition cost approximately S$6.1M+ for a foreign buyer. Nationals from the United States, Switzerland, Iceland, Liechtenstein, and Norway are exempt from ABSD under their respective Free Trade Agreements with Singapore, making the development more accessible to buyers from those countries.
What other CCR GLS sites are coming up?
The River Valley Green (Parcel C) tender — a mixed-use site in District 9 — closes on 18 June 2026. The outcome of that tender will provide another data point on developer appetite for prime Singapore residential land in mid-2026. Beyond that, the 2H 2026 GLS Programme (announced 3 June 2026) includes one CCR confirmed-list residential site. LovelyHomes will publish coverage of each GLS award as results are announced.

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Disclaimer: This article is based on publicly available information from URA, property research platforms, and industry commentary as of 12 June 2026. Projected launch prices and development timelines are illustrative estimates based on land rate analysis and historical precedents — they are not confirmed by CDL, Hong Leong Group, or any official source. Property prices, market conditions, and government policy may change. This article does not constitute an offer to buy or sell any property, nor financial or investment advice. Readers should conduct their own due diligence and consult a licensed property agent and financial adviser before making any property investment decision. For official GLS information, visit URA.gov.sg.

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