The Urban Redevelopment Authority (URA) has announced the release of the Town Hall Link site in Jurong Lake District under the Reserve List of the government land sales (GLS) programme for the first half of 2026. This site, previously part of a larger master developer plot, has been divided into separate parcels to potentially accommodate 1,200 new private homes and 84,000 square metres of commercial space, including offices and retail.
Located near the Jurong East MRT interchange and the future Jurong Lake District station, the site offers excellent connectivity with four MRT lines. The area is already home to amenities such as IMM Building, Westgate mall, and Ng Teng Fong General Hospital, making it an attractive proposition for developers.
Wong Siew Ying, Head of Research and Content at PropNex, noted that whilst developers might be interested in the site, they may delay triggering it due to uncertainties in the Middle East affecting global markets. However, the site’s strong location, potential for growth, and limited housing supply in the area could drive interest.
The previous master developer site tender in 2024 did not result in an award due to low bids, attributed to market caution and high development costs. The division of the site into smaller parcels and government involvement in infrastructure may now reduce risks and encourage developer interest. The potential land cost is estimated to exceed $1.8b, suggesting that developers may form partnerships to manage financial commitments.
