Perennial Holdings has announced the sale of the former Caldecott Broadcast Centre site, acquired from Mediacorp in 2020, with a guide price exceeding $256m (S$350m). The site, spanning 752,014 square feet, is positioned as one of Singapore’s largest landed redevelopment opportunities in decades. Real estate advisers Savills Singapore and Delasa are managing the Expressions of Interest (EOI) exercise, which closes on 15 January 2026.
The site, zoned as ‘Civic & Community Institution’ under the 2019 Master Plan, could be transformed into over 60 two-storey bungalows, each with a minimum land area of 800 square metres, pending approvals. Located in the prestigious Caldecott Hill Good Class Bungalow area, the site offers a unique chance to develop a luxury bungalow enclave.
Perennial Holdings originally intended to build large Good Class Bungalows but has shifted focus to a healthcare-centric strategy. “We are availing the site for sale so that resources can be recalibrated to focus on our core business,” a spokesperson stated.
Karamjit Singh, CEO of Delasa, highlighted the persistent scarcity of detached houses in Singapore, despite the growing population and housing stock. “This scarcity, coupled with rising household wealth and the arrival of new ultra-high-net-worth residents, continues to support robust demand and pricing in the bungalow market,” he said.
Jeremy Lake, Managing Director of Savills, noted the site’s potential: “Few sites offer such a blank canvas to create an entirely new and distinctive landed development.”
The sale is expected to attract interest from both traditional developers and ultra-affluent Singaporeans seeking to create bespoke mansions.
