Government Land Sales

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

Developers expected to maintain more selective bidding approach as supply pipeline builds

The highest bid of S$1,415 psf ppr is just 0.7% above CDL’s offer; site fetches four bids