The Urban Redevelopment Authority (URA) has announced the tender for a residential site on Bukit Timah Road, adjacent to Newton MRT station. This marks the first sale under the Confirmed List of the government land sales programme for the second half of 2025. The site is expected to yield approximately 340 private homes, contributing to the proposed 5,000 new homes in the Newton area under the URA Draft Master Plan 2025.
Located in the Core Central Region (CCR), the site is anticipated to attract significant interest from developers. Wong Siew Ying, Head of Research and Content at PropNex, noted that the recent rebound in CCR new home sales could bolster developers’ confidence. “The recent rebound in CCR new home sales could also boost developers’ confidence in this sub-market,” she stated, highlighting the impact of the April 2023 hike in additional buyer’s stamp duty rates.
Recent CCR launches, such as The Robertson Opus and UpperHouse at Orchard Boulevard, have collectively sold over 800 units since their launch weekends in July and August. The CCR has seen sales of more than 850 units from July to mid-August 2025, indicating a potential record quarter for new home sales in the region since Q4 2010.
The narrowing price gap between new CCR and RCR units has enhanced the appeal of CCR properties. Additionally, the lack of major launches in the area since 2021 could further entice developers. The site’s proximity to Newton MRT, Orchard Road, and prestigious schools adds to its attractiveness. PropNex projects the tender could receive 8 to 9 bids, with top offers ranging from $1,500 to $1,600 per square foot per plot ratio.
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