Singapore government has launched three highly anticipated residential land parcels for sale, setting the stage for major developments in the Bukit Timah, Jurong Lake, and Woodlands regions. Among them is the first residential plot in the rejuvenation of Turf City along Dunearn Road, alongside a prime site in Jurong's Lakeside area and an executive condominium (EC) parcel in Woodlands.

These launches, part of the first-half 2025 Government Land Sales (GLS) programme, are expected to draw keen interest from developers, though some may bid more cautiously due to global economic uncertainty stemming from recent U.S. tariffs trade war by President Donald Trump.

Key Land Parcels Unveiled

The 13,492 sqm Dunearn Road site is poised to yield 380 private homes in the heart of the prestigious Bukit Timah district. The Lakeside Drive parcel, measuring 13,485 sqm, could accommodate up to 575 units, while the 25,207 sqm Woodlands Drive 17 site is designated for an EC project with approximately 420 units.

Spotlight on Jurong Lakeside

Among the trio, JT Chia, Managing Director at Propertyforsale, predicts the Lakeside Drive site will receive the most attention. He highlighted the plot's strategic location near the Lakeside MRT station and its integrated commercial component, which will provide about 1,000 sqm of retail space in an underserved area.

“There is a lack of supermarket and F&B so this new residential launch with commercial could help meet pent-up demand,” said Chia, citing that only 1,114 new private homes have been introduced in the Jurong area over the past two years. With projects like The Lakegarden Residences, J’den and Sora, around 350 units remain unsold. The Lakeside plot could offer a timely supply boost and support the continued growth of the Jurong Lake District.

We anticipate up to 8 bids for the plot, with prices ranging from S$1,000 to S$1,200 per square foot per plot ratio (psf ppr). 

Revitalising Bukit Timah’s Turf City

The Dunearn Road site marks the first step in the long-term transformation of Bukit Timah’s Turf City. With its prime location and proximity to top schools, the last project launched nearby was Fourth Avenue Residences in 2017, which achieved a median price of S$2,406 psf.

Top bids for the Dunearn plot are projected to be S$1,300 psf ppr since the 60% Additional Buyer’s Stamp Duty (ABSD) on foreign investment will limit potential buyers to Singaporeans. 

Moderate Expectations for Woodlands EC

While ECs continue to see strong demand, the Woodlands Drive 17 parcel may attract more tempered bidding. This is due in part to its shared tender closing date with another EC site at Senja Close.

Still, the Woodlands EC site has potential due to future developments in the north, such as the Johor Bahru-Singapore Rapid Transit System.

Average land costs for ECs reached S$733 psf ppr in 2024, a significant jump from the S$566 psf ppr seen in 2015 for Northwave, the last EC in Woodlands.

Tender Closing Dates

• Lakeside Drive: June 3, 2025

• Dunearn Road: June 26, 2025

• Woodlands Drive 17: August 5, 2025

With strategic locations, varied housing options, and proximity to key infrastructure, these land parcels are set to shape the next wave of residential development in Singapore’s evolving urban landscape.