URA Launches GLS Sites at Marina Gardens Lane and Orchard Boulevard: 500 New Homes for Singapore’s 2H 2026 Land Programme

URA Launches GLS Sites at Marina Gardens Lane and Orchard Boulevard: 500 New Homes for Singapore’s 2H 2026 Land Programme

Quick Answer: URA GLS Marina Gardens Lane and Orchard Boulevard — 6 Key Facts

  • The Urban Redevelopment Authority (URA) released two residential GLS sites on 13 August 2026 under the 2H 2026 Government Land Sales Programme.
  • Marina Gardens Lane (near Marina South MRT, Thomson-East Coast Line): ~390 residential units; tender closes 15 October 2026.
  • Orchard Boulevard (near Orchard Boulevard MRT, TEL): ~110 residential units; tender closes 29 October 2026.
  • Both sites form part of the 2H 2026 Confirmed List, which totals 4,745 residential units — more than 50% above the 10-year annual average Confirmed List supply.
  • Marina South is a planned car-lite, waterfront residential precinct that URA has been developing progressively since the early 2020s.
  • Orchard Boulevard offers rare prime District 10 (CCR) land in a location that has seen very limited new private supply in recent years.

Two Prime Sites Released Under Singapore’s 2H 2026 GLS Programme

The Urban Redevelopment Authority (URA) today released two residential land parcels for sale under the Confirmed List of the second-half 2026 Government Land Sales (GLS) Programme. The sites — at Marina Gardens Lane and Orchard Boulevard — are among the most closely watched land parcels in the 2H 2026 programme, given their locations in two distinctly different but equally sought-after precincts of Singapore.

The GLS programme is the Singapore government’s primary mechanism for releasing state land for private residential and commercial development. Sites on the Confirmed List are launched regardless of market demand signals; the Reserve List operates on application. Today’s release expands the already large 2H 2026 Confirmed List — one that URA has deliberately sized at well above historical norms to address the persistent supply-demand imbalance in Singapore’s private residential market.

I. Marina Gardens Lane: Marina South’s Next Chapter

The Marina Gardens Lane site is located in Marina South, a waterfront precinct that URA has been developing as Singapore’s newest large-scale residential neighbourhood. The area is positioned along the Greater Southern Waterfront, adjacent to Marina Bay, and is designed as a car-lite community with high-quality public transport connectivity via the Thomson-East Coast Line (TEL) at Marina South MRT station.

The Marina Gardens Lane site can potentially yield approximately 390 residential units. The tender closes at noon on 15 October 2026. This is consistent with previous Marina South GLS releases — the area has seen multiple sites released since 2021, and the emerging neighbourhood is beginning to take shape with the first residential towers under construction.

Marina South’s appeal to developers lies in several factors. It offers large, contiguous land parcels of a size that is extremely difficult to assemble through en bloc collective sales in the established private market. It has direct MRT connectivity. And it benefits from URA’s planning vision for the precinct — a walkable, green, waterfront residential community with proximity to Marina Bay’s business, lifestyle, and entertainment hub. Industry data suggests Marina South launches in the surrounding area have attracted significant buyer interest, particularly from upgraders and investors who see the long-term development trajectory of the precinct.

II. Orchard Boulevard: Rare Prime CCR Supply

The Orchard Boulevard site is located in District 10, one of Singapore’s most prestigious residential addresses. At approximately 110 units, it is a significantly smaller site than Marina Gardens Lane — reflecting both the limited scale of developable land in this part of the Core Central Region (CCR) and the very high land values that make large sites financially prohibitive.

The Orchard Boulevard site is near the Orchard Boulevard MRT station on the Thomson-East Coast Line, providing direct connectivity along the TEL corridor from Woodlands to the East Coast. New private residential supply in District 10 has been extremely limited over the past several years — the combination of high land costs, few available sites, and the long development timeline means that buyers seeking brand-new freehold or 99-year leasehold private apartments in this part of Singapore have had very few options. The tender for this site closes at noon on 29 October 2026.

Note on scale: With only ~110 potential units, the Orchard Boulevard site is likely to attract developers aiming at the luxury or ultra-luxury CCR buyer segment. Unit sizes are typically larger in CCR developments — this site may yield fewer than 110 units if the developer opts for larger floor plates, or could push to maximum plot ratio to maximise saleable area.

III. The Bigger Picture — 2H 2026 GLS Supply in Context

Both sites are part of the URA’s 2H 2026 GLS Confirmed List, which was announced earlier this year and totals 4,745 residential units across all confirmed sites for the second half of 2026. To put this figure in context:

URA 2H2026 GLS Confirmed List 4745 units supply comparison Singapore 2026 bar chart
Figure 1: 2H 2026 GLS Confirmed List at 4,745 Units — More Than 50% Above the 10-Year Average Half-Yearly Confirmed List Supply. Source: URA GLS Programme, URA press release pr26-62 (13 August 2026)
GLS Period Confirmed List Units Vs 10-Yr Avg (half-yr)
10-Year Average (annual) — approx. ~6,000 per year (~3,000 per half) Baseline
1H 2026 Confirmed List ~3,505 units +17% vs half-yr avg
2H 2026 Confirmed List 4,745 units +58% vs half-yr avg

The 2H 2026 Confirmed List represents a deliberate policy decision by the Singapore government to front-load supply into the market at a time when private residential prices have continued to rise despite multiple rounds of ABSD adjustments. The view from URA is that the medium-term supply pipeline — comprising GLS sites, en bloc redevelopments, and executive condominium launches — must be sufficiently deep to moderate price growth and maintain housing affordability, particularly for Singaporean upgraders who face the 20% ABSD rate on their second purchase.

A larger GLS pipeline has two effects on the broader market. First, it increases future supply, which in time translates to more completed units available for buyers. Second, it gives developers alternatives to en bloc bids — with more GLS land available, developers are less compelled to pay high premiums for collective sale sites in the secondary market. Industry analysts suggest this is one reason the en bloc market has been comparatively muted in 2H 2026, even as individual sites like City Plaza (S$970M, 13 August tender) have attracted interest.

IV. What This Means for Buyers, Sellers and Investors

For buyers considering new launch properties in Marina South or the Orchard Boulevard corridor, the release of these sites signals that new developments are in the pipeline, but completion will be 3–5 years away from tender close. Buyers who need to transact now should look at existing new launches in adjacent areas (TEL-connected precincts, Marina Bay fringe) rather than waiting for these specific sites to be marketed.

For sellers of existing private residential properties in Marina South or District 10, a larger GLS pipeline may apply some price discipline to new launches (as developers face higher land costs from competitive bidding for GLS sites alongside a larger total supply). However, resale properties in established prime districts with immediate availability and leasehold tenure clarity continue to command buyer attention from owner-occupiers.

For en bloc owners in nearby precincts, the point made above is relevant: a more active GLS programme reduces developer urgency to acquire en bloc sites at significant premiums. Developments pursuing collective sales in Marina-adjacent or Orchard-adjacent locations may find that their expected premiums are moderated as developers weigh GLS alternatives.

V. What Might Come Next

The next GLS tender deadlines — 15 October 2026 for Marina Gardens Lane and 29 October 2026 for Orchard Boulevard — will be followed by a period of evaluation by URA. Developers typically submit a single sealed bid at tender close, and URA evaluates bids on the basis of price (highest acceptable bid) and development quality criteria (for some sites with specific design requirements). Results for both sites can be expected approximately 4–8 weeks after tender close.

Following any award, the developer typically has 5 years from the date of award to complete the development (with possible extensions). Given the 2026 award timeline, residents could expect new completions from these sites as early as 2030–2031, adding to Singapore’s private residential inventory in that period.

Frequently Asked Questions: URA GLS Sites 2026

What is the Government Land Sales (GLS) programme?

The Government Land Sales programme is administered by URA (for residential and commercial sites) and JTC (for industrial sites). Under the GLS, the government releases state-owned land for private development through competitive tender. The Confirmed List comprises sites that will be launched regardless of market demand; the Reserve List comprises sites that are only launched if a developer applies and the government accepts the proposed price. The GLS programme is the primary mechanism by which Singapore regulates the supply of private residential land and ensures that housing supply keeps broadly pace with demand.

What is Marina South and why is it significant?

Marina South is a planned residential and mixed-use precinct at the southern tip of the Marina Bay area, adjacent to the Gardens by the Bay waterfront. URA has designated it as a car-lite neighbourhood, meaning it is designed with high-quality public transport connections (Marina South MRT on the TEL), cycling infrastructure, and minimal surface car parking. It is part of the broader Greater Southern Waterfront transformation that will eventually link Tanjong Pagar, Keppel, Sentosa, and Marina Bay into a continuous waterfront live-work-play corridor. The Marina Gardens Lane site released today is one of several GLS sites URA has progressively released in the precinct since 2021 to build up the neighbourhood’s residential population.

When will the new developments on these sites be ready for buyers?

Developers who win the tender typically have 5 years from the award date to obtain Temporary Occupation Permit (TOP). With tender closes in October 2026 and a typical development timeline of 3–5 years post-award, buyers could expect TOP for these developments as early as 2030 and as late as 2031–2032. New launch marketing (sales prior to construction completion) would typically begin 6–18 months after the award, subject to the developer’s marketing strategy and the prevailing market conditions at that time.

Does a higher GLS supply mean property prices will fall?

Not necessarily, and not immediately. New GLS supply does not translate into completed units for 3–5 years. In the near term, a larger pipeline signals future supply additions, which can moderate buyer expectations of price appreciation and give buyers and sellers more negotiating latitude. Over the medium term, if completed supply outpaces demand growth, prices in certain segments may experience softer growth or modest corrections. However, Singapore’s property market is also supported by population growth, strong GDP, continued expatriate demand, and limited land — structural factors that underpin long-term demand. URA’s GLS calibration is designed to moderate prices, not engineer sharp falls.

Are these sites freehold or leasehold?

GLS sites released by the Singapore government are almost always on 99-year leasehold tenure, as the government retains underlying ownership of state land. Freehold land in Singapore predominantly comprises private land that has been in private ownership since colonial times or was converted. The Marina Gardens Lane and Orchard Boulevard sites released today are expected to be 99-year leasehold — the full terms and conditions are available in the eDeveloper’s Packet sold through URA’s One-Stop Developer Portal at digitalservice.ura.gov.sg.

Disclaimer: This article is for general information only and is based on publicly available information from URA press release pr26-62 dated 13 August 2026. Development unit counts, tender timelines, and site details are subject to change. Pricing and development outcomes will depend on competitive bidding and subsequent developer decisions. This article does not constitute financial or property investment advice. For official GLS site information, visit URA Land Sales (ura.gov.sg). For official property statistics, refer to URA Property Data.

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URA Releases Two CCR GLS Sites at Peck Hay Road and River Valley Green (Parcel C) — Tenders Close 11 and 18 June 2026

URA Releases Two CCR GLS Sites at Peck Hay Road and River Valley Green (Parcel C) — Tenders Close 11 and 18 June 2026

URA Releases Two CCR GLS Sites at Peck Hay Road and River Valley Green (Parcel C) — Tenders Close 11 and 18 June 2026

Singapore's Core Central Region land-sales programme returns with a 785-unit twin launch — and analysts are pricing top bids in the S$1,600–1,750 psf ppr band.

Quick Answer — what just happened in 30 seconds

  • The Urban Redevelopment Authority (URA) launched two Core Central Region (CCR) Government Land Sales (GLS) sites for tender on 9 April 2026 — Peck Hay Road (~315 units, near Newton MRT) and River Valley Green Parcel C (~470 units, next to Great World MRT).
  • Combined, the two sites can yield about 785 private homes — both 99-year leasehold residential plots in District 9.
  • The Peck Hay Road tender closes at 12 noon on 11 June 2026; River Valley Green (Parcel C) closes a week later, at 12 noon on 18 June 2026.
  • Analysts polled by EdgeProp, Stacked Homes and the firm research desks expect 6–8 bids on Peck Hay Road and 4–6 bids on River Valley Green (Parcel C), with top land bids of S$1,650–S$1,750 psf ppr and ~S$1,600 psf ppr respectively.
  • Both sites are part of the 1H2026 Confirmed List of 4,575 residential units — 50% above the past-decade Confirmed-List average per GLS programme.
  • Indicative launch pricing implied by the analyst land-rate band sits at S$3,200–S$3,500 psf for Peck Hay Road and S$2,950–S$3,150 psf for River Valley Green (Parcel C), depending on construction-cost and developer-margin assumptions.

What URA released — and why both sites matter

On 9 April 2026, URA placed Peck Hay Road and River Valley Green (Parcel C) on tender — the first paired CCR launch of the 1H2026 GLS programme. Both sites sit inside District 9, both are 99-year leasehold residential plots, and both will yield mid-density condominium developments. Together they account for roughly 17% of the 1H2026 Confirmed List units.

For context, the 1H2026 Confirmed List of 4,575 residential units is the largest single-half-year confirmed-list slate in over a decade — 50% above the average over the past ten 6-monthly programmes. URA has signalled, through repeated MND statements, that this elevated supply schedule is a deliberate response to private residential prices that have risen for ten consecutive quarters (Q1 2026 PPI +0.9%).

Peck Hay Road and River Valley Green Parcel C GLS launch 2026 hero — Singapore CCR sites
URA Peck Hay Road and River Valley Green (Parcel C) GLS launch — June 2026 tender closes.

Site profile — Peck Hay Road

The Peck Hay Road site is a compact 0.55-hectare plot tucked between Scotts Road, Newton Road and Bukit Timah Road, a five-minute walk from Newton MRT (NS21/DT11). The plot ratio is a notably high 4.9, reflecting its prime CCR positioning, with maximum permissible GFA of around 26,950 m² (290,000 sq ft). Indicative unit count: ~315 private homes, a development scale broadly similar to mid-tier CCR launches over the past three years.

The site's competitive context is unusually rich. It is one of the few remaining undeveloped private plots in the Newton-Scotts axis, where existing inventory comprises mature condominiums (Newton Suites, Newton 18, Newton One) and recent freehold redevelopments. Comparable nearby tender prints — though sparser than in the RCR — include the Boulevard 88 land deal in 2017 (~S$2,100 psf ppr, freehold) and the older Stevens Road / Dorsett land sales in 2020–2021 at the S$1,400–1,500 psf ppr band. The 2026 analyst expectation of S$1,650–1,750 psf ppr reflects the post-cooling-measures CCR premium.

Site profile — River Valley Green (Parcel C)

River Valley Green (Parcel C) is the third and final parcel of the River Valley Green release programme, following Parcel A (river-modern, awarded in 2025) and Parcel B (river-green, awarded in 2025 to Wing Tai). The Parcel C plot spans about 11,516 m², with a plot ratio of 3.5 and indicative unit count of ~470 private homes. It sits directly next to Great World MRT (TE15) and across the road from River Valley Primary School, putting it inside one of the most established residential enclaves in District 9.

Analysts expect a tighter bidder field on Parcel C (4–6 versus 6–8 on Peck Hay Road) — partly because two of the most active 2024–2025 CCR bidders (Wing Tai and the larger consortia of CDL/HongKong Land) are already exposed to nearby Parcel A and Parcel B and may not stretch into a third adjacent site at full premium. Top bid is projected around S$1,600 psf ppr, modestly below the Peck Hay Road expectation despite a slightly larger absolute outlay (~S$695M projected land cost).

Peck Hay Road River Valley Green Parcel C GLS site fact panel 2026
Figure 1 — Peck Hay Road and River Valley Green (Parcel C) site fact panel — both 99-year leasehold, total ~785 units.

Reading the analyst bid band against recent comparables

The analyst-projected S$1,650–1,750 psf ppr top bid for Peck Hay Road would set a new CCR Confirmed-List benchmark — a step up from the 02 May 2026 Dunearn Road award (D11) at S$1,625 psf ppr, and substantially above the 2025 RCR-belt benchmarks at Holland Drive (S$1,218 psf ppr) and the late-2024 Pinetree Hill (S$1,318 psf ppr). The chart below sets out the trajectory.

CCR RCR GLS land rates Singapore 2024 to projected 2026 comparison bar chart
Figure 2 — Confirmed-List land rates have risen ~30% from late-2024 RCR awards to mid-2026 CCR projections.

Worked Example — implied launch price for Peck Hay Road

Land cost

At an analyst top bid of S$1,700 psf ppr × 290,000 sq ft GFA = approximately S$493 million in land outlay alone.

Construction and finance

Indicative all-in construction cost on a CCR plot of this density: S$650–700 psf GFA, including main contract, M&E and superstructure. Finance cost over a 36-month build (taking BBR + 1.5%): S$120–140 psf GFA. Marketing, professional fees and provision for ABSD remission risk: S$80–100 psf GFA.

Indicative breakeven and launch

  • Land cost: S$1,700 psf ppr
  • Construction + M&E: S$675 psf GFA
  • Finance + soft costs: S$130 psf GFA
  • Marketing + ABSD provision: S$90 psf GFA
  • Indicative breakeven: ~S$2,595 psf
  • Indicative launch price (12% developer margin): ~S$2,900–3,100 psf
  • Aggressive assumption launch (CCR premium scenario): S$3,200–3,500 psf for select stacks

Translation: a 700 sq ft two-bedder on Peck Hay Road would launch at S$2.0M–S$2.4M; a 1,200 sq ft three-bedder at S$3.5M–S$4.2M.

What this means for buyers

For homebuyers, the immediate signal is that CCR new-launch pricing in 2027–2028 will sit comfortably above the S$2,800 psf threshold. Owner-occupiers prioritising location over per-square-foot value should monitor both tenders closely; pricing pressure from the post-tender comparable will affect every unsold inventory across Newton-Scotts and Great World. Buyers stretching into 4-bedroom inventory should budget for absolute prices in the S$5M+ range.

For investors, the picture is more nuanced. Rental yields in the CCR continue to sit at 3.0–3.5% gross — comfortably above CCR mortgage rates of 3.0–3.3%, but the price-rental gap has widened. The Peck Hay Road launch in particular will likely target the high-net-worth owner-occupier and affluent local-investor segment rather than yield buyers.

What this means for developers and the GLS programme

Developers face an unusually well-supplied 1H2026 programme, with the 4,575-unit Confirmed List sitting alongside the 1H2026 Reserve List. The strategic implication is that successful developers will be those with demonstrable execution speed — the ABSD-remission deadline forces full sell-through within five years of land acquisition, and a 470-unit launch needs to clear in a market where 2025 absorption rates were 60–80% in the first quarter of launch.

For the GLS programme itself, the Peck Hay Road and River Valley Green (Parcel C) tenders are the political bellwether — strong bids will validate the elevated supply schedule, while a soft set would invite questions about whether 4,575 units in one half-year is calibrated to actual demand.

What might come next

Three forward-looking watchpoints. First, both tender closes are within a fortnight of each other (11 and 18 June) — meaning the Peck Hay Road result will be a real-time read for the River Valley Green (Parcel C) bidder field. Second, three more 1H2026 sites remain on the Confirmed List for tender close in 2H2026 (Bayshore Drive among them, closing 15 July 2026). Third, the 2H2026 GLS programme will be announced around mid-June, and its scale will be cross-read against the Peck Hay / RVG-C clearance levels.

Summary table — Peck Hay Road vs River Valley Green (Parcel C) at a glance

Attribute Peck Hay Road River Valley Green (Parcel C)
Site area ~5,500 m² (0.55 ha) ~11,516 m²
Plot ratio 4.9 3.5
Maximum GFA ~26,950 m² ~40,300 m²
Indicative units ~315 ~470
Lease 99 years 99 years
Tender closes 11 June 2026, 12 noon 18 June 2026, 12 noon
Expected bidders 6–8 4–6
Analyst top bid S$1,650–1,750 psf ppr ~S$1,600 psf ppr
Implied launch S$3,200–3,500 psf (top stacks) S$2,950–3,150 psf

Frequently Asked Questions

What is a Government Land Sales (GLS) tender?

A GLS tender is the process by which the State of Singapore, through URA, sells residential, commercial or mixed-use land for private development. The Confirmed List is the headline programme — sites are launched on a fixed schedule. The Reserve List requires a developer to trigger a tender by submitting a minimum-price commitment.

Why are Peck Hay Road and River Valley Green Parcel C significant?

Both sites are inside Singapore's Core Central Region (District 9), where new-launch supply has been historically tight relative to demand. The combined ~785 units is a meaningful addition to a region that has seen no major Confirmed-List residential launch since 2024. They are also part of an unusually large 1H2026 Confirmed List (4,575 units, 50% above decade average).

What does "psf ppr" mean?

Per square foot per plot ratio — a normalised measure of land cost. It divides the tendered land price by the maximum permissible gross floor area (GFA), so two sites with different plot ratios can be compared on like-for-like terms.

How is the launch price calculated from the land bid?

Add construction cost (~S$650–700 psf GFA in 2026), financing cost over the build period (~S$120–140 psf GFA), marketing and ABSD-remission provisioning (~S$80–100 psf GFA), and a developer margin (10–15%). For a top bid at S$1,700 psf ppr, this implies a launch price band of roughly S$2,900–3,100 psf, with selected stacks pricing higher.

When are these condominiums likely to launch for sale?

If both tenders are awarded in late June 2026, the typical land-to-launch timeline is 12–18 months for design, planning approvals and showflat construction. Indicative public launch dates: Peck Hay Road in late 2027 to early 2028; River Valley Green (Parcel C) in early 2028.

Will the elevated 1H2026 Confirmed List supply cool prices?

The supply pipeline is materially larger than the past decade average, but the bulk of these units will reach launch only in 2027–2028. Q1 2026 PPI rose 0.9%; the supply-led cooling, if it materialises, is more likely to show in 2027 transaction volumes and asking-price moderation than in any near-term quarterly print.

Disclaimer. This article is editorial commentary based on publicly available URA media releases (pr26-28, 09 April 2026) and analyst commentary published by EdgeProp Singapore, Stacked Homes, The Edge Singapore, 99.co Insider, ERA research desk and Cushman & Wakefield. Forward-looking bid bands and launch pricing are estimates only, not guarantees. Verify current tender details on the URA website and the One-Stop Developer Portal. Engage a licensed property professional and a Singapore-qualified solicitor before committing to any transaction.

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