The Urban Redevelopment Authority (URA) has closed the tender for the Kallang Close GLS site on 7 April 2026, drawing a total of four bids from developers. First launched on 8 December 2025 under the 2H2025 GLS Programme, the site saw its highest offer come in at S$610.8 million, translating to a land rate of approximately S$1,415 psf per plot ratio (psf ppr).
Kallang Close GLS tender result
| Rank | Tenderer | Bid Price (S$) | Land Rate (S$ psf ppr) |
|---|---|---|---|
| 1 | Frasers Property Phoenix Pte. Ltd. & MJR Investment Pte. Ltd. | 610,750,000 | 1,415 |
| 2 | CDL Kallista Pte. Ltd. | 606,419,000 | 1,405 |
| 3 | Intrepid Investments Pte. Ltd. & TID Residential Pte. Ltd. | 561,735,801 | 1,301 |
| 4 | Winrich Investment Pte. Ltd. & Metrobilt Construction Pte Ltd | 536,199,999 | 1,242 |
The top bid of S$610.8 million was submitted by a joint venture between Frasers Property and Mitsubishi Estate Asia. Their offer for Kallang Close GLS site was only about 0.7% higher than the S$606.4 million (S$1,405 psf ppr) bid from City Developments Limited, pointing to very similar pricing expectations at the top end.
Further down the table, the remaining bids came from a joint venture between Hong Leong Holdings and TID at S$1,301 psf ppr, followed by a bid from Wing Tai Holdings and Metro Holdings at S$1,242 psf ppr. Even so, the lowest bid was only about 9.8% below the top bid, suggesting that overall pricing remained within a relatively tight range.
At S$1,415 psf ppr, the top bid of Kallang Close GLS ranks as the second-highest land rate recorded for a purely residential GLS site in the Rest of Central Region (RCR). It comes just below the S$1,455 psf ppr benchmark set by the Tanjong Rhu Road GLS site earlier in February this year.
Riverfront condo site near Kallang MRT station
The Kallang Close site marks a relatively rare addition to the area, being the first GLS plot released within close proximity to Kallang MRT Station in over a decade. For a neighbourhood that hasn’t seen much new private housing supply in recent years, this alone makes it worth noting.
Positioned along the Kallang River near the junction of Boon Keng Road, the site spans about 123,320 square feet, with a maximum gross floor area of 431,622 square feet. Plans indicate around 470 residential units, along with a small allocation of space for a childcare centre. While earlier concepts suggested a potential commercial component, the final release confirms that the project will be fully residential.
In terms of location, the site sits roughly 400 metres from Kallang MRT, which places it within a comfortable walking distance for most. The East–West Line provides direct access to key areas like the CBD and Jurong, while the Bendemeer MRT Station on the Downtown Line is also within reach, offering an alternative route across the island.
Compared to many recent GLS launches, this site stands out more for its fundamentals than any single defining feature. It combines city-fringe accessibility with a riverfront setting, and sits within a broader area earmarked for enhancement under the Kallang Alive initiative. Over time, these improvements are expected to strengthen the precinct’s role as a hub for sports and recreation, anchored by the nearby Singapore Sports Hub.
The last private residential launch in the Kallang Avenue area was Kallang Riverside back in 2014. With no new projects introduced since then, supply has remained relatively tight — both in terms of new launches and resale options. This gap could translate into some underlying pent-up demand for private homes in Kallang, especially among buyers looking for city-fringe locations with limited fresh inventory.
What to expect from the upcoming Kallang Close condo
For homebuyers, the upcoming Kallang Close condo is shaping up to be one of those rare city-fringe projects that ticks both lifestyle and connectivity boxes. With around 470 riverfront homes planned, the development sits in a well-established neighbourhood that continues to benefit from ongoing transformation.
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Future residents will be within walking distance of both Kallang MRT Station and Bendemeer MRT Station, offering quick connections into the CBD and key city nodes. Beyond rail, the area is well-covered by bus services, while major expressways like the PIE and KPE are easily accessible, making daily commutes relatively seamless whether you drive or take public transport.
What really sets this site apart, though, is its riverfront positioning. Sitting alongside the Kallang River and directly linked to the Kallang Park Connector, the development caters to a growing segment of buyers who prioritise wellness and outdoor living. Think morning jogs, evening strolls, or cycling routes that stretch across different parts of Singapore, all right at your doorstep.
Daily conveniences are also within easy reach. Residents can head to Aperia Mall for groceries and casual dining, or explore the well-known food stretch along Sims Avenue and Geylang for a wider mix of local eats. While the riverfront setting offers a pleasant outlook, it is worth noting that developments like Kallang Trivista sit across the water, so some stacks may not enjoy completely unblocked views.
Another key upside is its proximity to Singapore Sports Hub. This puts residents within minutes of major venues like the National Stadium and Indoor Stadium, where international events, concerts, and sporting activities regularly take place. It adds an extra layer of vibrancy to the neighbourhood that few residential areas can replicate.
Of course, no development is without trade-offs. The immediate vicinity has a relatively limited selection of primary schools, with Bendemeer Primary School being the closest option — though whether it falls within the 1km radius will depend on the final postal code. There are also some light industrial buildings nearby, but they are generally low-impact and not the type that create noticeable noise or pollution for future residents.
Overall, the Kallang Close site offers a compelling mix of connectivity, lifestyle appeal, and long-term growth potential. For buyers who want to stay close to the city without paying a premium for a core central address, this is an upcoming project worth watching closely. Based on the top land rate of S$1,415 psf ppr, the eventual project could see average selling prices come in above S$2,750 psf, depending on positioning and market conditions at launch.
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