The Urban Redevelopment Authority (URA) has announced the launch of tenders for three significant sites at Upper Thomson Road, Dorset Road, and Telok Blangah Road under the first half of 2025 Government Land Sales programme. These sites are expected to collectively yield approximately 1,765 residential units and 2,000 square metres of commercial space. The tenders will close on 23 October 2025, 9 October 2025, and 4 November 2025, respectively.
Upper Thomson Road (Parcel A) is set to benefit from its direct connection to the Springleaf MRT station and proximity to green spaces like Springleaf Nature Park. The site is expected to attract buyers seeking tranquil living environments with convenient transport links. Justin Quek, CEO of OrangeTee & Tie, anticipates 2 to 5 bidders with the highest bid ranging from $700 to $770 (S$950 to S$1,050) per square foot (psf).
Dorset Road offers a strategic location near Farrer Park MRT Station and City Square Mall, making it appealing for families and young professionals. The area is well-served by amenities, including schools and hospitals. Quek predicts 4 to 7 bidders for this site, with bids expected between $810 and $880 (S$1,100 and S$1,200) psf.
Telok Blangah Road marks the first private residential site in the Greater Southern Waterfront transformation. Its proximity to the city centre and recreational areas like Sentosa positions it as a prime location. The site is expected to attract 4 to 6 bidders, with bids anticipated between $880 and $950 (S$1,200 and S$1,300) psf.
These developments are poised to meet the growing demand for residential properties in Singapore, offering diverse options for potential buyers and investors.
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