The Urban Redevelopment Authority (URA) has closed the public tender for the residential Government Land Sales (GLS) site along Tanjong Rhu Road, marking a key milestone for one of the rare private housing opportunities in this long-established city-fringe enclave.
The site was launched for tender on 26 November 2025, with the submission window closing on 5 February 2026. At this stage, the results released are provisional, and do not represent a final award decision. URA will announce the successful tenderer after completing its evaluation process at a later date.
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Table of contents
- Overview of the Tanjong Rhu Road GLS site
- Provisional GLS tender results
- What sets the Tanjong Rhu Road site apart
- Location highlights and connectivity
- What the land price could mean for future launch prices
Overview of the Tanjong Rhu Road GLS site
The Tanjong Rhu Road plot is zoned for residential use and comes with a 99-year lease. Based on planning parameters, the site is expected to yield around 525 private homes, making it one of the larger residential developments to be introduced in the area in recent years.
The residential plot spans a site area of 12,239.3 square metres and allows for a maximum permissible gross floor area of 45,286 square metres.
The site sits directly opposite Tanjong Rhu Riverfront II and next to Tanjong Rhu Parc Front, both public housing projects that are currently under construction. Over time, these developments are expected to meaningfully increase the residential population in the immediate area.
Provisional GLS tender results
A total of five bids were submitted for the site, reflecting measured but firm interest from developers. The highest bid came from a joint venture between CDL Constellation Pte. Ltd. and Bedrock Ventures Pte. Ltd.
Below is a summary of the provisional tender results:
| Ranking | Tenderer | Tendered Sale Price (S$) | Land Rate (S$ PSM of GFA) |
| 1 | CDL Constellation Pte. Ltd. & Bedrock Ventures Pte. Ltd. | 709,252,000 | 15,661.62 |
| 2 | Sunway MCL (Edge) Pte. Ltd. & AFP Land Pte. Ltd. | 691,888,000 | 15,278.19 |
| 3 | Sim Lian Land Pte Ltd & Sim Lian Development Pte Ltd | 690,300,000 | 15,243.12 |
| 4 | GuocoLand (Singapore) Pte. Ltd., Intrepid Investments Pte. Ltd. & TID Residential Pte. Ltd. | 672,692,736 | 14,854.32 |
| 5 | Kingsford Huray Development Pte Ltd | 601,998,000 | 13,293.25 |
The spread between the top and lowest bids suggests differing views on pricing sensitivity and future selling potential, though the overall level of interest points to continued confidence in well-located Rest of Central Region (RCR) sites.
What sets the Tanjong Rhu Road site apart
One of the main reasons this plot has drawn attention lies in its rarity. A residential GLS site has not been offered along Tanjong Rhu Road in close to three decades, with the last such site awarded in November 1997, which later became Water Place.
Since then, new private residential supply in the area has been limited. There have also been no mid-sized to large condominium launches in the immediate vicinity for many years. This long gap in new launches has created conditions where pent-up demand may have built up, particularly among buyers looking to stay within the city fringe or upgrade from nearby public housing estates.
Read more: List of New Launch Condo in Singapore 2026
Location highlights and connectivity
From a locational standpoint, the Tanjong Rhu Road site benefits from a combination of accessibility and lifestyle attributes.
The plot is positioned between Tanjong Rhu MRT and Katong Park MRT stations on the Thomson–East Coast Line, placing it within walking distance of two rail options. This dual-MRT catchment is relatively uncommon and strengthens the site’s appeal for both owner-occupiers and investors.
For families, the site is also within walking distance of Dunman High School, with other established schools located a short drive away. While day-to-day retail and dining options are currently limited in the immediate surroundings, major commercial and lifestyle hubs such as Kallang Wave Mall and Suntec City can be reached in under 10 minutes by car.
Looking ahead, the broader area stands to benefit from the Kallang Alive Masterplan, which aims to transform the precinct into a more vibrant sports, recreation, and lifestyle destination. As the plan takes shape, it is expected to bring about new amenities and inject additional activity into the wider Kallang–Tanjong Rhu corridor.
What the land price could mean for future launch prices
Based on the highest provisional bid, the land rate translates to approximately S$1,455 psf per plot ratio. If the tender is awarded at this level, it would place the site among the higher-priced residential GLS plots in the RCR, though still below the record land rate achieved by the Jiak Kim Street site in 2017.
Taking into account construction costs, financing, and prevailing market conditions, the future development on this site could potentially see average selling prices edging slightly above S$3,000 psf, depending on unit mix and positioning.
That said, final pricing will ultimately depend on the successful bidder’s development strategy, market conditions at the point of launch, and buyer sentiment closer to completion.
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