16 June 2026 · ura-pr26-45 · Urban Redevelopment Authority

Tender award for URA sale site at Peck Hay Road

1 The Urban Redevelopment Authority has awarded the tender for the site at Peck Hay Road to the highest tenderer, CDL Constellation Pte. Ltd. and Garden Estates (Pte.) Limited.

2 The site at Peck Hay Road was launched for tender on 9 April 2026. The tender for the site closed on 11 June 2026. The site was offered for sale on a 99-year lease term.

3 Details of the awarded site and the successful tenderer are provided below:

Details of the awarded site and the successful tenderer

LOCATION	ALLOWABLE DEVELOPMENT	SITE AREA	MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA)	SUCCESSFUL TENDERER	TENDERED PRICE ($PSM of GFA)
Peck Hay Road	Residential	5,513.5 m²	27,017 m²	CDL Constellation Pte. Ltd. andGarden Estates (Pte.) Limited	$542,400,000.00($20,076.25)

Text as retrieved 19 September 2026 from the Urban Redevelopment Authority release ura-pr26-45, sha256 059c071808b1. Site chrome removed; headings, lists and tables kept.

Awards in this release

Peck Hay Road

CDL Constellation Pte. Ltd., parent: City Developments Limited and Garden Estates (Pte.) Limited, parent: Hong Realty (Private) Limited / Hong Leong Investment Holdings Pte. Ltd.: S$542,400,000 (S$20,076.25 psm GFA, about S$1,865 psf ppr derived).

Rank 1 of the bids disclosed at the close of 11 June 2026 (ura-pr26-44). The award references that bid; it does not restate it.

Documents

Press releasePublished 16 June 2026
Tender award for URA sale site at Peck Hay Road
Urban Redevelopment Authority · Retrieved 19 September 2026
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