URA launches residential sites for sale in Dorset Road, Upper Thomson Road, Telok Blangah Road
The three sites together can yield around 1,765 private homes.
The site location area at Dorset Road is 10,399 sq m, with a maximum gross floor area (GFA) of 36,397 sq m and can yield around 425 residential units.
As for the Upper Thomson Road (Parcel A) site, its size is 24,421.9 sq m and has a maximum GFA of 53,729 sq m. It can yield around 595 residential units.
The Telok Blangah Road site's location area size is 13,688.9 sq m with a maximum GFA of 64,338 sq m, and can yield around 745 residential units.
All three sites have a lease period of 99 years, and form part of the 5,030 residential units to be released via the confirmed list of the GLS programme for the first half of 2025.
Mr Mark Yip, chief executive officer of Huttons Asia, said the Dorset Road site may see around three bidders and a top bid of $950 to $1,050 per square foot per plot ratio (psf ppr), thanks to its city fringe location within walking distance of Farrer Park MRT station.
'This area usually sees more boutique projects and there is strong demand for bigger projects. The last major project in the area, Piccadilly Grand sold 77 per cent of its units on launch weekend, reflecting strong interest from residential property buyers for both bigger projects and the area,' he added.
He also said that the Upper Thomson Road (Parcel A) site may attract up to three bidders and a top bid between $900 and $950 psf ppr.
As for the site in Telok Blangah Road, it could attract a top bid of $1,200 to $1,300 psf ppr, from four to six bidders, according to OrangeTee CEO Justin Quek.
It is the first site to be launched for sale in the Greater Southern Waterfront, a transformation project for Singapore, that is part of the 120km southern coastline announced during the 2024 National Day Rally.
Additionally, it is the first GLS site in Telok Blangah in 35 years.
'The project will form around 25 per cent of the private housing supply to be built in this area, resulting in limited remaining upcoming private developments at the former Keppel Golf Course site,' explained Mr Quek.
The tender for the Dorset Road site will close at noon on Oct 9. As for the Upper Thomson Road (Parcel A) and Telok Blangah Road sites, their tenders will close at the same time on Oct 23 and Nov 4, respectively.
URA said on June 24 that 4,725 private residential units will be launched via the second half of 2025 confirmed list, bringing the total confirmed list supply for 2025 to close to 10,000 units. THE BUSINESS TIMES
Source: The Straits Times © SPH Media Limited. Permission required for reproduction
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