Government Land Sales

Top bid for 99-year leasehold plot works out to about S$1,323 psf ppr

Top bid for River Valley Green plot marks new high for land in the area, and is about 22% above price of the last site sold nearby

This is 2.5% more than the S$1,820 psf ppr fetched for a nearby plot next to Newton MRT interchange station in November

The Town Hall Link site will be launched for tender in July to advance the development of the Jurong Lake District

In total, these will yield around 4,575 new private homes

Analysts see strong interest in both areas

The lacklustre turnout is a far cry from that for an adjacent plot in 2025

This is just 3% more than Frasers Property consortium’s next-highest offer of S$1,576 psf ppr for the 330-unit site

The Middle East war may hurt demand and raise costs, but authorities have led the nation through crises before