The Urban Redevelopment Authority has concluded the tender for a site at Dunearn Road, launched under the Confirmed List of the first half of 2025 Government Land Sales programme. The site, which can accommodate approximately 380 units, received nine bids, surpassing expectations. The highest bid, submitted by CSC Land Group (Singapore) Pte. Ltd., Sekisui House, Ltd., and Frasers Property Phoenix II Pte. Ltd., amounted to S$491,454,208, or about S$1,410 per square foot per plot ratio (psf ppr). This bid was 3.7% higher than the next highest offer from CDL Divine Pte. Ltd., which was S$474,028,000 or approximately S$1,360 psf ppr.
The bid price slightly exceeded initial expectations, indicating confidence in the site’s potential. The last land tender in the area was for a site at Fourth Avenue, awarded in December 2017 at a land rate of S$1,540 psf ppr. The resulting project, Fourth Avenue Residences, was fully sold by September 2022 and continues to perform well in the secondary market.
Several factors contributed to the strong interest in the Dunearn Road site. It is the first site of the Turf City rejuvenation plan, offering developers and future buyers a first-mover advantage. Its proximity to the main road and Sixth Avenue MRT Station on the Downtown Line enhances its appeal. Additionally, the site’s location in Bukit Timah, near top schools, is likely to attract families with school-going children.
As the Turf City estate develops, future homeowners will benefit from new amenities, including retail options, food and beverage outlets, and green spaces amidst repurposed heritage buildings. This development is expected to enhance the attractiveness of living in the first Turf City residential project.
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