Sim Lian Land and Sim Lian Development have secured the Government Land Sales (GLS) site at Woodlands Drive 17 with a top bid of $794 per square foot per plot ratio (psf ppr), marking a slight increase from the previous GLS tender in August 2025. The site attracted three bidders, reflecting strong interest in the area.
The recent review of the income ceiling for buyers of Executive Condominium (EC) units is believed to have contributed to the confident bidding. This adjustment is expected to expand the pool of potential buyers when the project launches in 2027. Mark Yip, CEO of Huttons Asia, noted that approximately 6,600 Housing Development Board (HDB) flats completed between 2016 and 2021 could represent potential upgraders.
Executive Condominiums continue to be an appealing option for eligible buyers, offering a cost-effective alternative to private residential properties. This is evidenced by the high take-up rates of ECs during their launch periods. For instance, Aurelle of Tampines was fully sold, and Otto Place achieved over 91% sales within a month of its launch.
The Woodlands Drive 17 site is conveniently located about 200 metres from Woodlands South MRT station on the Thomson-East Coast Line (TEL), providing easy access to the Woodlands Regional Centre and the upcoming Johor-Singapore Special Economic Zone (SEZ) via the RTS link, which will be operational in 2027. Additionally, families with young children will benefit from the proximity of three primary schools within a 1km radius.
The successful bid by Sim Lian highlights the continued demand for well-located EC sites, with future developments likely to attract significant interest from both local and regional buyers.
