The Morrison Lane site, located along Mohamed Sultan, is poised to be triggered for sale, according to Mark Yip, CEO of Huttons Asia. Previously utilised as transitional office space, the site is now drawing attention due to the rising demand for homes in Singapore’s Core Central Region (CCR).
In 2025, demand for CCR homes reached its highest level in four years. This trend was highlighted by the successful launch of Newport Residences, the first CCR project of 2026, which sold over 50% of its units during the launch weekend. Additionally, River Modern, the last plot of land facing the Singapore River in District 9, attracted more than 7,000 visitors in its first week of preview, indicating a robust confidence in the CCR market.
Yip noted that the successful bid for the Morrison Lane site could range between $1,400 and $1,500 per square foot per plot ratio (psf ppr). This would result in a total cost of approximately $300m, a figure that is expected to appeal to up to five developers eager to enter the CCR market.
The potential sale of the Morrison Lane site underscores the growing interest in prime residential locations within Singapore, as developers seek to capitalise on the strong demand for high-end properties. As the market continues to evolve, the outcome of this sale could set a precedent for future developments in the region.
