The Berlayar Drive Government Land Sales (GLS) site has garnered significant attention, receiving a top bid of $1,515 per square foot per plot ratio (psf ppr) from Intrepid Investments and GuocoLand (Singapore). This marks the second GLS tender in the Greater Southern Waterfront (GSW), following a previous site at Telok Blangah Road awarded for $1,326 psf ppr in November 2025.
The interest in the Berlayar Drive site underscores developers’ confidence in the GSW precinct, particularly given its unique status as the only low-rise land parcel in the area. Mark Yip, CEO of Huttons Asia, highlighted the site’s strong locational attributes, noting its prime city fringe location, proximity to Telok Blangah MRT station, and its sea and greenery views, which are expected to remain unobstructed.
The GLS programme, alongside the recent relaxation of the Additional Buyer’s Stamp Duty (ABSD) timeline for large enbloc sites, may lead to an increase in collective sale sites. This could provide developers with more options, allowing them to be selective in their acquisitions.
Looking ahead, the broader Rest of Central Region (RCR) market may see close to 3,000 units offered for sale in 2027. If all land parcels in the GSW precinct are sold, over 1,800 units could be launched between 2027 and 2028. The Berlayar Drive site, with its low-density appeal, is expected to attract those preferring low-rise living.
