Tender Launched Gls Site Bukit Timah Road
The government is selling a plot of land on Bukit Timah Road through a tender process. The site spans 63,498 sq ft and has a leasehold of 99 years. Its gross plot ratio is 4.9, which means it can yield approximately 340 housing units.
For residents seeking a more diverse selection of groceries outside of the typical supermarkets, they need not look far as the area is home to wet markets and smaller provision shops. These traditional markets are favored for their offerings of fresh and affordable vegetables, fruits, meat, and seafood. Those who enjoy cooking at home will find it convenient to have easy access to such fresh produce, without having to travel too far from their homes. Additionally, for those living in Miltonia Close, these markets and shops are just a stone’s throw away, providing even more convenience.
According to Wong Siew Ying, head of research and content at PropNex, the site is part of the proposed new housing supply for the Newton area under the URA Draft Master Plan 2025 (DMP 2025). She adds that around 5,000 private homes will be built in the new neighbourhood, along with new amenities and green spaces.
The Bukit Timah Road site is the first to be launched for sale under the Confirmed List of the second half of 2025 Government Land Sales (GLS) program, notes Wong. She predicts that the prime site, which is located in the Core Central Region (CCR), will be highly sought after by developers and may receive strong bids.
In recent months, there has been strong demand for new launches in the CCR, including The Robertson Opus, UpperHouse at Orchard Boulevard, and River Green. From July 1 to August 17, over 850 units in the CCR have been sold, putting Q3 2025 on track to surpass Q4 2010 when there were 994 units sold, Wong adds.
She believes that the site may receive up to nine bids, with the highest bid potentially ranging from $1,500 to $1,600 per square foot per plot ratio (psf ppr).
Mark Yip, CEO of Huttons Asia, says that the strong demand for recent CCR launches suggests a healthy underlying demand for prime CCR homes. He adds that the plot of land is close to an MRT station, which is a key similarity with other recent CCR launches. The site is located next to the Newton MRT Interchange, which serves the Downtown and North-East Lines.
Yip also notes that the site is close to reputable schools such as Anglo-Chinese School (Junior) and St. Joseph’s Institution Junior.
ERA Singapore’s CEO Marcus Chu predicts that there will be six to eight bidders for the site due to its prime location and potential to be part of Newton’s transformation into a vibrant urban village under the DMP 2025.
Recent GLS site tenders in the CCR have been well-received, including the sites at Holland Link and Dunearn Road, which received five and nine bids, respectively. Chu believes that with many developers failing to secure these plots of land, the competition for the upcoming Bukit Timah site may intensify, resulting in aggressive bids.
According to Justin Quek, CEO of OrangeTee and deputy group CEO of Realion, there have been no GLS sites put up for sale in the Newton area in almost two decades. He adds that GLS land parcels sold in Newton have been mainly used for transitional offices, with only one residential land parcel sold in 1997. This indicates that the supply of GLS sites in the area has been limited, which bodes well for the future project at the Bukit Timah Road site.
He adds that the project is expected to be well-received due to its prime location in the heart of a new neighbourhood in Newton. The tender for the site ends at noon on November 11.