Huttons Asia has shared insights on two Government Land Sales (GLS) sites at Hougang Central and Sembawang Road, highlighting their potential to attract significant developer interest. According to Huttons Asia’s CEO, Mark Yip, the Hougang Central site is poised to become the first major mall serving the Hougang estate, offering a fully integrated mixed-use development above an MRT interchange. This site is expected to draw joint ventures due to its large gross floor area of over 1 million square feet, with anticipated bids ranging between $800 and $900 per square foot per plot ratio (psf ppr).
The Hougang Central site is expected to sell well upon launch, similar to the PARKTOWN Residence, which sold more than 87% of its 1,193 units during its launch weekend in February 2025. However, the complexity and scale of the development may limit the number of bidders to three.
Meanwhile, the Sembawang Road site, located in a private residential enclave, is notable for its proximity to Canberra MRT station, just 500 metres away. This is a rarity for Executive Condominium (EC) projects, with only eight out of 71 completed EC projects in Singapore being within such a distance from an MRT station. The last EC land parcel in Sembawang was sold in 2019, and recent EC launches have seen strong demand, such as the Aurelle of Tampines, which sold out in a month. The Sembawang site is expected to attract up to eight bidders, with top bids ranging from $600 to $700 psf ppr.
These developments are set to meet the upgrading demand from over 3,000 flats in the North that have recently fulfilled their five-year Minimum Occupation Period (MOP).
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