The Urban Redevelopment Authority (URA) has launched a tender for a mixed-use site in Bayshore Drive, integrating commercial and residential spaces with a new bus interchange and the future Bedok South MRT station on the Thomson-East Coast Line. The 5.74-hectare plot is expected to yield up to 1,280 new homes and offers a maximum gross floor area of 22,500 square metres for commercial use.
Developers are anticipated to show keen interest in the Bayshore Drive site, although the large plot size and financial commitment may result in a measured number of bids. The site, with a total maximum gross floor area of about 1.6 million square feet, is likely to command a land price exceeding $1b. Wong Siew Ying, Head of Research and Content at PropNex, suggests that developers might collaborate to undertake this project.
The site is poised to become a landmark development within the new Bayshore housing precinct, which could eventually host around 10,000 public and private housing units. Developers aiming to expand their suburban retail footprint are likely to participate, as the commercial space could meet retail demand in the relatively underserved Bedok South, Bayshore, and Siglap areas. Notably, this is the only mixed-use plot in the new Bayshore waterfront residential neighbourhood under the Master Plan 2025.
The proximity to the future Bedok South MRT station enhances the site’s appeal, with limited land parcels directly connected to MRT stations available. This connectivity, coupled with on-site commercial offerings, is expected to attract strong homebuyer interest, particularly from HDB upgraders. The demand for well-located mass-market homes remains robust, as evidenced by recent sales.
The last GLS residential site in the area, sold in March 2025, achieved a record land rate of $1,388 per square foot per plot ratio (psf ppr) in the Outside Central Region. The Bayshore Drive site is projected to attract two to four bids, with top bid prices estimated between $1,150 and $1,250 psf ppr, potentially influenced by construction costs associated with its MRT station location.
