Huttons Asia has shared insights on two Government Land Sales (GLS) sites at Berlayar Drive and New Upper Changi Road, highlighting their potential appeal to developers. The Berlayar Drive site, located near the former Keppel Club, offers a rare waterfront opportunity with proximity to Telok Blangah MRT station. Mark Yip, CEO of Huttons Asia, noted the scarcity of waterfront residential sites in Singapore, making this a unique chance for developers to create properties with views of Sentosa and Labrador Nature Park. The site is expected to attract up to five bidders, with top bids ranging from $1,350 to $1,450 per square foot per plot ratio (psf ppr).
The New Upper Changi Road site, potentially the last available parcel near Bedok integrated transport hub in 16 years, is also anticipated to draw significant interest. Yip highlighted Bedok’s popularity as a mature estate well-served by public transport, expressways, and amenities. The site is expected to attract up to four bidders, with top bids between $1,100 and $1,200 psf ppr. The strategic location and demand from nearby landed estates and HDB flats are likely to enhance its appeal.
These GLS sites present valuable opportunities for developers amidst a declining supply of new homes in the Rest of Central Region (RCR), which is projected to drop from 2,407 units in 2026 to 2,048 units in 2027. The competitive bidding anticipated for these sites underscores the ongoing demand for prime residential locations in Singapore.
