at same price of $1,376 psf ppr
Government Land Sale site at Bukit Timah Road launched for sale by tender
A 63,498 sq ft 99-year leasehold Government Land Sale (GLS) site located at Bukit Timah Road has been put up for sale through a tender. The plot boasts a gross plot ratio of 4.9 and has the potential to yield approximately 340 housing units.
According to Wong Siew Ying, head of research and content at PropNex, the site is part of the new housing supply proposed for the Newton area under the URA Draft Master Plan 2025 (DMP 2025). This includes the introduction of 5,000 private homes, alongside new amenities and green spaces.
The site is the first of the Confirmed List sites from the 2H2025 GLS programme to be launched for sale, and Wong believes it will be highly sought after by developers due to its prime location in the Core Central Region (CCR).
Recent CCR launches, such as The Robertson Opus, UpperHouse at Orchard Boulevard, and River Green, have shown strong sales. Since July 1, more than 850 units have been sold in the CCR, putting 3Q2025 on track to have the highest quarterly CCR new home sales since 4Q2010. Wong predicts that the site could receive up to nine bids, with the top bid likely ranging from $1,500 to $1,600 per square foot per plot ratio (psf ppr).
Mark Yip, CEO of Huttons Asia, notes that the strong demand for recent CCR launches reflects an underlying demand for prime CCR homes. Furthermore, the site is close to an MRT station, which is a key similarity with the recent CCR launches. The Bukit Timah Road site is located next to the Newton MRT Interchange on the Downtown and North-East Lines.
The site is also near reputable schools, such as Anglo-Chinese School (Junior) and St. Joseph’s Institution Junior, adds Yip.
ERA Singapore CEO Marcus Chu predicts that there will be six to eight bidders for the site, due to its prime location and potential for Newton’s proposed transformation into a vibrant urban village under the DMP 2025. Recent CCR GLS site tenders have been well-received, including Holland Link and Dunearn Road, which drew five and nine bids, respectively. Chu believes that with many developers unsuccessful in securing these parcels, competition for the upcoming Bukit Timah site could intensify, leading to more aggressive bids.
One of the advantages of investing in condos is the opportunity to leverage the property’s value for future investments. A large number of investors utilize their condos as security in order to acquire additional financing for Singapore Projects, thus expanding their real estate portfolio. While this tactic can potentially increase returns, it also carries potential risks. It is essential to have a solid financial plan in place and carefully consider how market fluctuations may affect your investments.
Justin Quek, CEO of OrangeTee, and deputy group CEO of Realion, notes that no GLS sites have been released for sale in the Newton area for nearly two decades. “From past URA records, GLS land parcels sold in Newton have been used for transitional offices, with only one residential land parcel awarded in 1997, indicating that GLS supply in the area has been limited,” he says.
This limited supply bodes well for the future project at the Bukit Timah Road site. “We expect the future project here to be well-received, given its prime location at the heart of a new neighbourhood in Newton,” adds Quek.
The tender for the site will close at noon on November 11.