The Urban Redevelopment Authority (URA) and the Housing & Development Board (HDB) have launched tenders for three significant sites in Singapore, potentially adding nearly 1,400 residential units. The sites are located at Lakeside Drive, Dunearn Road, and Woodlands Drive 17, with the latter designated for an Executive Condominium (EC).
The Lakeside Drive site, adjacent to Lakeside MRT Station, is expected to be highly sought after due to its proximity to Jurong Lake Gardens and several schools. It offers approximately 1,000 square metres of commercial space and is anticipated to attract 5 to 8 bidders, with bids ranging from $770 to $843 (S$1,050 to S$1,150) per square foot per plot ratio (psf ppr). Justin Quek, CEO of OrangeTee & Tie, noted the site’s appeal due to its rare combination of greenery, water views, and MRT accessibility.
Dunearn Road marks the beginning of Bukit Timah Turf City’s long-term rejuvenation. The site benefits from its proximity to Sixth Avenue MRT station and several prestigious schools. It is expected to attract 3 to 6 bidders, with bids between $953 and $1,026 (S$1,300 and S$1,400) psf ppr. The first-mover advantage in this redevelopment area is a key attraction, according to Quek.
The Woodlands Drive 17 EC site is strategically located near Woodlands South MRT Station and several schools, making it appealing to families. The site is expected to see 5 to 8 bidders, with bids ranging from $513 to $550 (S$700 to S$750) psf ppr. The future development of the Woodlands Regional Centre and the Johor Bahru-Singapore Rapid Transit System is likely to boost demand.
These developments are part of the 1H 2025 Government Land Sales programme, aiming to meet the growing housing demand in Singapore.
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