Developers are showing strong interest in Singapore’s Government Land Sales (GLS) sites, with more than six bidders vying for each private residential site since July 2025, according to Huttons Asia. The latest tender saw 10 bidders, the highest number since 2021, highlighting the competitive landscape as developers seek to expand their portfolios.
The Dunearn Road site, located near Sixth Avenue MRT station in the prestigious Bukit Timah area, is expected to attract four to seven bidders, with top bids ranging from $1,350 to $1,450 per square foot per plot ratio (psf ppr). This site is part of the new Turf City housing estate, which could see around 1,225 new dwelling units in the next two years if all sites are launched and sold.
The Kallang Avenue site, the first GLS site for private residential living near Kallang MRT station, offers a rare opportunity for waterfront living. It is anticipated to draw similar interest, with bids also expected between $1,350 and $1,450 psf ppr. Its prime location next to Kallang River and proximity to the Central Business District make it highly desirable.
In the Lentor precinct, the Lentor Central site is the eighth in the area and is popular for its attractive entry price. With less than 50 units remaining unsold from previous launches, the site is expected to see two to four bidders, with bids ranging from $900 to $1,000 psf ppr. A new 500-unit project is slated for launch in 2026, further boosting interest in the area.
Mark Yip, CEO of Huttons Asia, noted the heightened competition and the winner-takes-all nature of the tender process as key factors driving up tender prices. As developers continue to seek attractive sites, the bidding is likely to remain intense.
