The Urban Redevelopment Authority has released three private residential sites for sale under the government land sales programme for the second half of 2025. These sites, located at Dover Road, Tanjong Rhu, and Dairy Farm Walk, are expected to collectively yield approximately 1,630 new homes. Wong Siew Ying, Head of Research and Content at PropNex, provided insights into the potential impact and developer interest in these sites.
The Dover Road site, part of the new Dover-Medway neighbourhood, is anticipated to attract significant interest due to its proximity to the one-north MRT station and employment hubs. It offers potential for 625 residential units and 3,000 square metres of commercial space. The area’s lack of new private housing sites since the 1990s adds to its appeal, with Wong predicting 5 to 7 bids and a top bid price of $1,300 to $1,400 per square foot per plot ratio (psf ppr).
Tanjong Rhu Road, offering 525 new homes, is also expected to draw attention due to its location near MRT stations and the Kallang Alive masterplan. Despite limited retail options nearby, its proximity to educational institutions and recreational developments could result in 4 to 6 bids, with top bids around $1,300 to $1,400 psf ppr.
The Dairy Farm Walk site, capable of yielding 480 homes, may see less enthusiastic bidding due to its distance from MRT stations and amenities. However, developers might still be interested in expanding their land inventory in the Outside Central Region. Wong estimates 3 to 4 bids, with top bids ranging from $1,000 to $1,100 psf ppr.
