Three prime residential sites have been launched for tender under the 1H2025 Government Land Sales (GLS) programme, with closing dates set for October 9, October 23, and November 4. This initiative has sparked interest among developers, especially given the locations of the sites. Each of these locations presents unique opportunities, and understanding their potential can help you gauge the future of residential development in the area.
Let’s take a closer look at the Telok Blangah Road site, which is positioned on the former Keppel Golf Course. Covering an impressive area of 147,346 square feet, this site has the capacity to yield approximately 745 residential units. Experts anticipate bids landing between $1,250 to $1,350 per square foot per plot ratio (psf ppr). The appeal of Telok Blangah lies in its scenic surroundings and accessibility, making it a desirable choice for families and young professionals alike.
With the right development, this site could transform into a vibrant community hub.
Next up is the Dorset Road site, which spans 111,934 square feet and can accommodate around 425 units. Here, the expected top bids hover around $1,100 to $1,200 psf ppr. While this site may not be as large as Telok Blangah, its location is equally enticing.
Dorset Road is known for its residential charm and its proximity to essential amenities—an attractive combination for potential buyers. Developers looking to enter this market may find that the Dorset Road site offers a balanced opportunity between size and location.
Now, let’s not overlook Upper Thomson Road (Parcel A), which boasts a sprawling site area of 262,875 square feet, offering the potential for around 595 units. Following a prior unsuccessful tender, this site might attract cautious bids ranging from $900 to $1,000 psf ppr.
Developers seem to be approaching this location with a degree of caution, likely due to the current economic uncertainties. However, with a projected two to five bids expected for this site, it still holds promise for those willing to invest. The Upper Thomson area is known for its blend of urban convenience and greenery, appealing to a diverse demographic.
Despite the cautious sentiment among developers, the interest in the Telok Blangah and Dorset Road sites indicates a robust appetite for new residential projects.
With the closing dates fast approaching, potential bidders need to conduct thorough market analyses and consider the area’s demographics. Each of these sites offers a different flavor of urban living, and their successful development could reshape the landscape of housing options in the region.
As you watch the tender process unfold, consider how these sites could influence housing availability and community development in the future.
NEW CONDO LAUNCH: BLOOMSBURY RESIDENCES
Bloomsbury Residences is an exciting new condo development that offers a diverse range of unit types to cater to different buyer preferences.
With modern facilities, such as a swimming pool and fitness center, this project is designed for contemporary living.
For detailed Bloomsbury Residences Project Information, including Bloomsbury Residences floor plan and Bloomsbury Residences price list, interested buyers can access the Bloomsbury Residences e-brochure available on the official website.
Anticipation builds for the Bloomsbury Residences launch date, as this prime location is poised to benefit from upcoming infrastructure developments.
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News Source: Edgeprop
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