Second Woodlands executive condo plot released for tender
It is in the vicinity of Woodlands South MRT station
[SINGAPORE] An executive condominium (EC) site in Woodlands which can yield 560 homes has been launched for sale, the Housing & Development Board (HDB) said on Thursday (Oct 16).
The 99-year leasehold plot is the second EC site along Woodlands Drive 17 to be released in recent months. Both plots will be in the vicinity of Woodlands South MRT station.
In August, City Developments Ltd (CDL) set a new benchmark for EC land when it placed the highest bid of S$360.9 million or S$782 per square foot per plot ratio (psf ppr) for the first plot nearby, which can yield 420 units.
The 26,979.9 square metre plot now up for tender is one of two EC sites in the second-half government land sales programme. The other site in Miltonia Close in Yishun is expected to be launched in December.
New EC prices have hit new highs in 2025, amid rising land costs and fierce competition among developers for prime sites. The median price of new EC units crossed S$1,700 psf for the first time in 2025, based on data compiled by Cushman & Wakefield. This is a 14 per cent increase from the S$1,538 psf median price of units sold in 2024, and more than double the S$797 psf recorded 10 years ago in 2015.
CDL snagged two EC sites at land tenders closing in August, topping four other bidders in both tenders. Besides the first Woodlands Drive 17 plot, CDL also topped bids for a Senja Close plot with its S$252.9 million or S$771 psf ppr offer.
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Demand was more muted for an irregular-shaped, small Sembawang EC plot on sloped terrain, which drew four bids at the close of a state tender in September. The top bid of S$197.78 million, placed by JBE Holdings-owned Oriental Pacific Development, worked out to around S$692 psf ppr. Four bids were placed, including a significantly lower bid of S$381 psf ppr from Sim Lian.
Wong Siew Ying, PropNex’s head of research and content, expects the Woodlands Drive 17 plot to draw four to six bids, with the top bid coming in at around S$770 to S$780 psf ppr.
The most recent EC development in the northern region, North Gaia, recently sold out all its units in 2025, said Eugene Lim, ERA Singapore’s key executive officer.
He said: “Similarly, for the rest of the EC market, stock remains low with only a few units available at Otto Place.”
However, as the Woodlands plot is the second and larger site to be launched in the same vicinity, some developers may take a more measured approach, considering the higher investment outlay and potential remaining units from the earlier plot, said Justin Quek, deputy group chief executive officer of Realion (OrangeTee & ETC) Group.
The tender for the Woodlands Drive 17 plot will close on Jan 13, 2026.
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