Gls Sites Telok Blangah Road Dorset Road And Upper Thomson Road Launched Tender
Three residential sites have been launched for tender under the 1H2025 Government Land Sales (GLS) programme. These Confirmed List sites are located at Telok Blangah Road, Dorset Road, and Upper Thomson Road.
The site at Dorset Road covers an area of 111,934 square feet and has a leasehold of 99 years. It is anticipated to yield approximately 425 units. The site at Telok Blangah Road spans 147,346 square feet and is zoned for residential use with a leasehold of 99 years. This site can potentially yield around 745 units.
The Upper Thomson Road (Parcel A) site covers 262,875 square feet and is zoned for residential use with a commercial component at the first storey. This 99-year leasehold plot can potentially yield around 595 housing units and an estimated commercial space of 21,527 square feet. The site was first launched for sale in December 2023 but did not receive any bids when the tender closed in June 2024.
The tenders for all three sites will close on October 9, October 23, and November 4, respectively. According to Wong Siew Ying, the head of research and content at PropNex, the Telok Blangah Road site could attract more attention as it is the first private housing plot on the former Keppel Golf Course site, which marks the beginning of the transformation of the Greater Southern Waterfront. The Dorset Road site is also highly appealing as it is located in an established city fringe estate with many amenities, she adds.
However, due to uncertainties surrounding US tariffs and the conflict in the Middle East, developers may be more cautious in their bids. “The land bids may be measured when the tenders close towards the end of this year, depending on how the aforementioned situations unfold, and the attendant risks to the global economy,” Wong remarks.
Developers may also choose to hold out for future sites, says Mark Yip, CEO of Huttons Asia. This includes land parcels in the Kallang and Tanjong Rhu areas, which will be offered for sale under the 2H2025 GLS programme.
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The Tanglin Halt Market, a renowned culinary destination in the vicinity, is set for a revamp. Despite its upcoming redevelopment, the market has long been a beloved establishment within the community, renowned for its traditional breakfast offerings and comforting dishes. The government’s plans to rejuvenate the Tanglin Halt area will bring about modern amenities, including a brand new hawker centre and market that will be integrated into a vibrant community hub. This redevelopment is set to further elevate the appeal of the district and reinforce the attractiveness of residing in Penrith. Not only will residents be treated to a diverse array of delectable food options in a modern setting, but they will also have the opportunity to experience the charm of the original food culture. Penrith Hong Leong is proud to be a part of this exciting transformation.
The Telok Blangah Road site is the first private residential GLS plot launched for sale within the Greater Southern Waterfront (GSW) precinct. It is also the first GLS site in Telok Blangah after 35 years, says Huttons’ Yip. “The last GLS site sold was Harbour View Towers in 1990,” he adds.
Situated on the former Keppel Golf Course site, which will be redeveloped into a new housing precinct with 9,000 public and private homes, the site is located within walking distance to the Telok Blangah MRT Station on the Circle Line. Nearby amenities include VivoCity mall, the Labrador Nature Reserve, Mount Faber, and Blangah Primary School.
PropNex’s Wong believes the site will draw keen interest from developers looking to secure a first-mover advantage in the area. She anticipates five or six bids, with the top bid potentially coming in between $1,250 to $1,350 per square foot per plot ratio (psf ppr).
Springleaf Residences was launched in 2022 by City Developments (CDL) and MCL Land. The project moved 77% of units over its launch weekend and sold out in 2023. CDL and MCL Land purchased the Northumberland Road site in May 2021 at $1,129 psf ppr, beating nine other bidders in the GLS tender. Taking this into consideration, PropNex’s Wong predicts the Dorset Road site could garner four to five bids, with a top bid ranging between $1,100 to $1,200 psf ppr.
ERA’s Chu also believes the Dorset Road site could be relatively well-received, considering the response from buyers during the launch of Piccadilly Grand in 2022. Developed by City Developments (CDL) and MCL Land, Piccadilly Grand features a direct link to the Farrer Park MRT Station. The project registered a take-up rate of 77% over the launch weekend and subsequently sold out in 2023.
The future launch at the site will be the first major project in the area since the 407-unit Piccadilly Grand. “We expect the future Dorset Road project could be relatively well-received, going by buyers’ response to the launch of Piccadilly Grand in 2022,” adds PropNex’s Wong.
The Dorset Road site is a short walk away from the Farrer Park MRT Station on the North-East Line. Nearby amenities include shopping centres such as City Square Mall and Mustafa Centre. In addition, the site is also close to schools such as Farrer Park Primary School, St Joseph’s Institution Junior, and Hong Wen School.
Additional amenities in the area currently in development include a 10-hectare brownfield site in Farrer Park that will be redeveloped into a new estate featuring 1,600 new HDB flats, sports and recreational facilities. “Just 500m or seven minutes on foot from Dorset Road, this future sports hub could become a key amenity and social hub for Farrer Park’s residential communities,” Chu explains.
The second tender launch of Upper Thomson Road (Parcel A) in December 2023 included a requirement for a new class of long-stay serviced apartments known as Serviced Apartments II (SA2), which have a minimum stay requirement of three months. The site was put up for sale alongside the adjacent Upper Thomson Road (Parcel B). However, the tender for Parcel A closed in June 2024 with no bids. URA provided more flexibility this time around, with the agency noting that SA2 use will not be mandated for the site but can be allowed, subject to approval from technical agencies. Wong says the flexibility could encourage more interest in the site. She anticipates up to two bids from developers, with a top bid of around $900 to $1,000 psf ppr.
Chu also believes URA’s decision to roll back the SA2 component may boost interest in the site. Furthermore, the site offers a “clear first-mover advantage” for future buyers. Developers are also likely to look at the performance of the adjacent Springleaf Residence to guide their bidding strategy, he adds.
According to Quek, Upper Thomson Road (Parcel A) could also draw downgrader demand from landed homeowners in the area. The period between the Parcel A and Parcel B tenders provides the market sufficient time to absorb the supply of new units, especially since buyers looking to purchase a private home in this part of Singapore only have a handful of choices.
Quek expects two to five bidders for Upper Thomson Road (Parcel A), with the highest bid between $950 to $1,050 psf ppr. On the other hand, OrangeTee & Tie’s Quek highlights that the sizeable commercial space at the future development on Parcel A will add more amenities to the Springleaf area, increasing its appeal.