{"id":92099,"date":"2025-11-24T11:12:07","date_gmt":"2025-11-24T03:12:07","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=92099"},"modified":"2025-11-24T11:12:07","modified_gmt":"2025-11-24T03:12:07","slug":"bukit-timah-road-gls-s1820-psf-ppr-newton","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/bukit-timah-road-gls-s1820-psf-ppr-newton\/","title":{"rendered":"Bukit Timah Road GLS site officially goes to HH Investment for S$1,820 psf ppr"},"content":{"rendered":"
<\/div>\n

The Urban Redevelopment Authority (URA) has awarded the tender for the site at Bukit Timah Road to HH Investment Private Limited on 21 November 2025. The first Newton Government Land Sale (GLS) tender in nearly two decades concluded earlier this month with a strong response from developers. HH Investment, the Singapore arm of Taiwan\u2019s Huang Hsiang Construction Corp, emerged at the top for the Bukit Timah Road tender, offering S$566.29 million or S$1,820 per square foot per plot ratio (psf ppr).<\/p>\n\n\n\n

That price makes it the highest psf ppr bid for a GLS site in the Core Central Region (CCR) since 2018, when Cuscaden Reserve\u2019s land parcel went for S$2,377 psf ppr. The result underlines how developers are once again confident about the prime district market \u2014 and how Newton could be entering a new phase of rejuvenation.<\/p>\n\n\n\n

Bukit Timah Road GLS tender result<\/h2>\n\n\n\n

Drawing a total of eight bids, the Bukit Timah Road<\/a> plot received a healthy interest for a prime site in the current cautious climate. HH Investment\u2019s winning offer came in 12.3% above the second-highest bid of S$504.38 million (S$1,621 psf ppr) by the Hoi Hup Realty\u2013Sunway Developments joint venture.<\/p>\n\n\n\n

Rank<\/th>Tenderer<\/th>Bid Price (S$)<\/th>Land Rate (S$ psf ppr)<\/th><\/tr><\/thead>
1<\/td>HH Investment Private Limited<\/td>566,291,712<\/td>1,820<\/td><\/tr>
2<\/td>Hoi Hup Realty Pte Ltd and Sunway Developments Pte. Ltd.<\/td>504,380,000<\/td>1,621<\/td><\/tr>
3<\/td>Winclass Investment Pte. Ltd.<\/td>483,988,888<\/td>1,555<\/td><\/tr>
4<\/td>CL Emerald Pte. Ltd. and MJR Investment Pte. Ltd.<\/td>483,960,000<\/td>1,555<\/td><\/tr>
5<\/td>COLI (Singapore) Pte. Ltd.<\/td>460,800,000<\/td>1,481<\/td><\/tr>
6<\/td>Garden Estates (Pte.) Limited and Intrepid Investments Pte. Ltd.<\/td>460,509,323<\/td>1,480<\/td><\/tr>
7<\/td>Aster Residential Pte. Ltd.<\/td>450,800,000<\/td>1,449<\/td><\/tr>
8<\/td>Japura Development Pte Ltd<\/td>408,000,000<\/td>1,311<\/td><\/tr><\/tbody><\/table>
Source: URA<\/figcaption><\/figure>\n\n\n\n

The 38.8% gap between the top and bottom bids shows how widely opinions differ on this Newton site’s potential. The 99-year leasehold site, spanning 63,498 sqft, comes with a gross plot ratio of 4.9 and a maximum GFA of 28,907 sqm \u2014 translating to an estimated 340 residential units. <\/p>\n\n\n\n

Why this site drew strong interest<\/h2>\n\n\n\n
\"bukit<\/figure>\n\n\n\n

Even before tender results were announced, analysts had predicted a competitive turnout \u2014 and the location explains why. The plot is located directly next to Newton MRT Interchange, and it offers seamless access to both the Downtown and North-South Lines. It sits a stone\u2019s throw from Newton Food Centre, while also being close to reputable schools like Anglo-Chinese School (Junior) and St Joseph\u2019s Institution Junior.<\/p>\n\n\n\n

Bukit Timah Road has long been associated with prestige, but most of its surrounding private estates are older freehold developments with limited new supply. This GLS release introduces something new to the mix: a modern, mid-sized condo right in the heart of Newton, appealing to both investors and families seeking central convenience.<\/p>\n\n\n\n

It\u2019s also one of the few remaining sites within walking distance of Newton MRT that can yield a full-scale private condominium. The combination of city-fringe connectivity and CCR prestige makes it a rare find. The last GLS site in the area dates back to 1997, which eventually became Draycott 8, a luxury project where resale units have now changed hands at an average of S$2,176 psf.<\/p>\n\n\n\n

Part of Newton\u2019s long-term transformation<\/h2>\n\n\n\n

The Bukit Timah Road GLS is part of a much larger vision under the URA Draft Master Plan 2025<\/a>. The plan reimagines Newton as a vibrant urban village, spanning around 26 hectares of land earmarked for 5,000 new private homes and community spaces across three key clusters: Newton Circus, Scotts Road, and Monk\u2019s Hill.<\/p>\n\n\n\n

URA\u2019s vision also includes a new central community plaza near Newton MRT and Newton Food Centre, expected to bring more dining, retail, and recreational options to the area. That kind of mixed-use integration could further enhance the site\u2019s long-term desirability.<\/p>\n\n\n\n

Market outlook and expected launch prices<\/h2>\n\n\n\n

With HH Investment\u2019s land price at S$1,820 psf ppr, market watchers estimate that the future launch prices could hover around S$3,400 to S$3,600 psf<\/strong> \u2014 competitive for the Core Central Region, especially given the direct MRT access and central positioning.<\/p>\n\n\n\n

Developers may take comfort from how well recent CCR projects have performed. According to URA’s private home report in Q3 2025<\/a>, CCR led the charge with a 1.7% increase, extending its strong 3% rise in Q2. Over the first nine months of 2025, CCR prices have risen 5.6%, outperforming other regions as the high-end market continued its recovery.<\/p>\n\n\n\n

Buyers are showing renewed interest in CCR homes as the price gap between prime and city-fringe condos narrows. For instance, recent launches in the Rest of Central Region (RCR), such as Zyon Grand<\/a>, are already reaching the S$3,000 psf benchmark<\/a>, which reduces the relative premium of owning in the CCR.<\/p>\n\n\n\n

Stay updated with the latest news and insights on Singapore\u2019s new launch market here<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The Urban Redevelopment Authority (URA) has awarded the tender for the site at Bukit Timah Road to HH Investment Private Limited on 21 November 2025. The first Newton Government Land Sale (GLS) tender in nearly two decades concluded earlier this month with a strong response from developers. HH Investment, the Singapore arm of Taiwan\u2019s Huang…<\/p>\n","protected":false},"author":142,"featured_media":92117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"","_lmt_disable":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53601,53738,57131],"tags":[55176,53604,54582,58133,53932,53740,56160],"persona":[57125,57127,57126,57128],"class_list":{"2":"type-post","21":"entry","22":"has-post-thumbnail"},"acf":[],"yoast_head":"\n340-unit condo site next to Newton MRT - 99.co<\/title>\n<meta name=\"description\" content=\"The first Newton GLS tender in nearly two decades has drawn a total of 8 bids, the highest of S$1,820 psf ppr. 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