{"id":93748,"date":"2026-02-06T18:00:15","date_gmt":"2026-02-06T10:00:15","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=93748"},"modified":"2026-02-11T10:24:58","modified_gmt":"2026-02-11T02:24:58","slug":"tanjong-rhu-road-gls","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/tanjong-rhu-road-gls\/","title":{"rendered":"Tanjong Rhu Road GLS awarded at S$709.252 million to CDL Constellation &#038; Bedrock Ventures"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\r\n<p><span style=\"font-weight: 400;\">The Urban Redevelopment Authority (URA) has awarded the public tender for the residential Government Land Sales (GLS) site along Tanjong Rhu Road, marking a key milestone for one of the rare private housing opportunities in this long-established city-fringe enclave.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The site was launched for tender on 26 November 2025, with the submission window closing on 5 February 2026.\u00a0<\/span><\/p>\r\n<p style=\"text-align: center;\"><a class=\"wp-block-button__link has-white-color has-blue-background-color has-text-color has-background has-link-color wp-element-button\" style=\"color: white! important;\" href=\"https:\/\/api.whatsapp.com\/send?phone=6580581253&amp;text=Hi%2C%20I%27m%20interested%20to%20know%20more%20about%20this%20new%20launch%20project%20https%3A%2F%2Fwww.99.co%2Fsingapore%2Fcondos-apartments%2Ftanjong-rhu-road-gls%0A%0AI%20would%20like%20to%20get%20the%20latest%20information%20for%20Tanjong%20Rhu%20Road%20GLS\">Get exclusive updates here<\/a><\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\">\r\n<h3>Table of contents<\/h3>\r\n<ul>\r\n<li><a href=\"#h-overview-of-the-tanjong-rhu-road-gls-site\" data-level=\"2\">Overview of the Tanjong Rhu Road GLS site<\/a><\/li>\r\n<li><a href=\"#h-provisional-gls-tender-results\" data-level=\"2\">GLS tender results<\/a><\/li>\r\n<li><a href=\"#h-what-sets-the-tanjong-rhu-road-site-apart\" data-level=\"2\">What sets the Tanjong Rhu Road site apart<\/a><\/li>\r\n<li><a href=\"#h-location-highlights-and-connectivity\" data-level=\"2\">Location highlights and connectivity<\/a><\/li>\r\n<li><a href=\"#h-what-the-land-price-could-mean-for-future-launch-prices\" data-level=\"2\">What the land price could mean for future launch prices<\/a><\/li>\r\n<\/ul>\r\n<\/div>\r\n\r\n\r\n\r\n<h2 id=\"h-overview-of-the-tanjong-rhu-road-gls-site\" class=\"wp-block-heading\"><b>Overview of the Tanjong Rhu Road GLS site<\/b><\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The Tanjong Rhu Road plot is zoned for residential use and comes with a 99-year lease. Based on planning parameters, the site is expected to yield around 525 private homes, making it one of the larger residential developments to be introduced in the area in recent years.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The residential plot spans a site area of 12,239.3 square metres and allows for a maximum permissible gross floor area of 45,286 square metres.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The site sits directly opposite Tanjong Rhu Riverfront II and next to Tanjong Rhu Parc Front, both public housing projects that are currently under construction. Over time, these developments are expected to meaningfully increase the residential population in the immediate area.<\/span><\/p>\r\n\r\n\r\n\r\n<h2 id=\"h-provisional-gls-tender-results\" class=\"wp-block-heading\"><b>GLS tender results<\/b><\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">A total of five bids were submitted for the site, reflecting measured but firm interest from developers. The highest bid came from a joint venture between CDL Constellation Pte. Ltd. and Bedrock Ventures Pte. Ltd.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Below is a summary of the tender results:<\/span><\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-table\">\r\n<table class=\"has-fixed-layout\">\r\n<tbody>\r\n<tr>\r\n<td><b>Ranking<\/b><\/td>\r\n<td><b>Tenderer<\/b><\/td>\r\n<td><b>Tendered Sale Price (S$)<\/b><\/td>\r\n<td><b>Land Rate (S$ PSM of GFA)<\/b><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">1<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">CDL Constellation Pte. Ltd. &amp; Bedrock Ventures Pte. Ltd.<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">709,252,000<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">15,661.62<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">2<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">Sunway MCL (Edge) Pte. Ltd. &amp; AFP Land Pte. Ltd.<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">691,888,000<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">15,278.19<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">3<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">Sim Lian Land Pte Ltd &amp; Sim Lian Development Pte Ltd<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">690,300,000<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">15,243.12<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">4<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">GuocoLand (Singapore) Pte. Ltd., Intrepid Investments Pte. Ltd. &amp; TID Residential Pte. Ltd.<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">672,692,736<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">14,854.32<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">5<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">Kingsford Huray Development Pte Ltd<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">601,998,000<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">13,293.25<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/figure>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The spread between the top and lowest bids suggests differing views on pricing sensitivity and future selling potential, though the overall level of interest points to continued confidence in well-located Rest of Central Region (RCR) sites.<\/span><\/p>\r\n\r\n\r\n\r\n<h2 id=\"h-what-sets-the-tanjong-rhu-road-site-apart\" class=\"wp-block-heading\"><b>What sets the Tanjong Rhu Road site apart<\/b><\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">One of the main reasons this plot has drawn attention lies in its rarity. A residential GLS site has not been offered along Tanjong Rhu Road in close to three decades, with the last such site awarded in November 1997, which later became Water Place.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Since then, new private residential supply in the area has been limited. There have also been no mid-sized to large condominium launches in the immediate vicinity for many years. This long gap in new launches has created conditions where pent-up demand may have built up, particularly among buyers looking to stay within the city fringe or upgrade from nearby public housing estates.<\/span><\/p>\r\n\r\n\r\n\r\n<p><strong><em>Read more:\u00a0<a href=\"https:\/\/www.99.co\/singapore\/new-launches\" target=\"_blank\" rel=\"noreferrer noopener\">List of New Launch Condo in Singapore 2026<\/a><\/em><\/strong><\/p>\r\n\r\n\r\n\r\n<h2 id=\"h-location-highlights-and-connectivity\" class=\"wp-block-heading\"><b>Location highlights and connectivity<\/b><\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">From a locational standpoint, the Tanjong Rhu Road site benefits from a combination of accessibility and lifestyle attributes.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The plot is positioned between Tanjong Rhu MRT and Katong Park MRT stations on the Thomson\u2013East Coast Line, placing it within walking distance of two rail options. This dual-MRT catchment is relatively uncommon and strengthens the site\u2019s appeal for both owner-occupiers and investors.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">For families, the site is also within walking distance of Dunman High School, with other established schools located a short drive away. While day-to-day retail and dining options are currently limited in the immediate surroundings, major commercial and lifestyle hubs such as Kallang Wave Mall and Suntec City can be reached in under 10 minutes by car.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Looking ahead, the broader area stands to benefit from the Kallang Alive Masterplan, which aims to transform the precinct into a more vibrant sports, recreation, and lifestyle destination. As the plan takes shape, it is expected to bring about new amenities and inject additional activity into the wider Kallang\u2013Tanjong Rhu corridor.<\/span><\/p>\r\n<p><iframe loading=\"lazy\" style=\"border: none; width: 350px !important; box-shadow: 0px 2px 12px rgb(11 17 52 \/ 15%); border-radius: 16px;\" src=\"https:\/\/www.99.co\/property-value-widget?contentSource=insider-blog&amp;contentId=tanjong-rhu-road-gls\" width=\"350\" height=\"370\" scrolling=\"no\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><\/span><\/iframe><\/p>\r\n\r\n\r\n\r\n<h2 id=\"h-what-the-land-price-could-mean-for-future-launch-prices\" class=\"wp-block-heading\"><b>What the land price could mean for future launch prices<\/b><\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Based on the highest bid, the land rate translates to approximately S$1,455 psf per plot ratio. If the tender is awarded at this level, it would place the site among the higher-priced residential GLS plots in the RCR, though still below the record land rate achieved by the Jiak Kim Street site in 2017.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Taking into account construction costs, financing, and prevailing market conditions, the future development on this site could potentially see average selling prices edging slightly above S$3,000 psf, depending on unit mix and positioning.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">That said, final pricing will ultimately depend on the successful bidder\u2019s development strategy, market conditions at the point of launch, and buyer sentiment closer to completion.<\/span><\/p>\r\n<p style=\"text-align: center;\"><a class=\"wp-block-button__link has-white-color has-blue-background-color has-text-color has-background has-link-color wp-element-button\" style=\"color: white! important;\" href=\"https:\/\/api.whatsapp.com\/send?phone=6580581253&amp;text=Hi%2C%20I%27m%20interested%20to%20know%20more%20about%20this%20new%20launch%20project%20https%3A%2F%2Fwww.99.co%2Fsingapore%2Fcondos-apartments%2Ftanjong-rhu-road-gls%0A%0AI%20would%20like%20to%20get%20the%20latest%20information%20for%20Tanjong%20Rhu%20Road%20GLS\">Get exclusive updates here<\/a><\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>The Urban Redevelopment Authority (URA) has awarded the public tender for the residential Government Land Sales (GLS) site along Tanjong Rhu Road, marking a key milestone for one of the rare private housing opportunities in this long-established city-fringe enclave. The site was launched for tender on 26 November 2025, with the submission window closing on&hellip;<\/p>\n","protected":false},"author":141,"featured_media":93750,"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":"no","_lmt_disable":"no","_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":[54582,59681,59682],"persona":[57126],"class_list":{"2":"type-post","14":"entry","15":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tanjong Rhu Road GLS awarded at S$709.252 million to CDL Constellation &amp; Bedrock Ventures - 99.co<\/title>\n<meta name=\"description\" content=\"A rare residential GLS site in Tanjong Rhu drew five bids. 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