[ Land sales ]

Hougang Avenue 10 / Hougang Central

Awarded

Mixed commercial and residential, integrated with a bus interchange. HDB sale site.

[ Award ]

S$1,500,738,338

S$12,689.30 psm GFA, about S$1,179 psf ppr (derived). Awarded 14 January 2026 to Horizon Residential Pte. Ltd., parent: CapitaLand Group (50%) / UOL-led consortium comprising UOL Group, Singapore Land Group and Kheng Leong (50%) and Horizon Commercial Trustee Pte. Ltd. (as trustee of Horizon Commercial Trust), parent: CapitaLand Integrated Commercial Trust / CapitaLand Group and UOL-led consortium.

LocationAllowable developmentSite areaMaximum permissible GFASuccessful tendererTendered price (S$ psm of GFA)
Hougang Avenue 10 / Hougang CentralMixed commercial and residential, integrated with a bus interchange46,899.4 m²118,268 m²Horizon Residential Pte. Ltd., parent: CapitaLand Group (50%) / UOL-led consortium comprising UOL Group, Singapore Land Group and Kheng Leong (50%) and Horizon Commercial Trustee Pte. Ltd. (as trustee of Horizon Commercial Trust), parent: CapitaLand Integrated Commercial Trust / CapitaLand Group and UOL-led consortiumS$1,500,738,338(S$12,689.30)
[ All 3 tenderers ]

As listed at the close of 16 December 2025 (hdb-2025-12-15-hougang-close), with the outcome the award of 14 January 2026 gave each.

RankTendererTendered priceS$ psm GFAS$ psf ppr (derived)Outcome
1Horizon Residential Pte. Ltd., parent: CapitaLand Group (50%) / UOL-led consortium comprising UOL Group, Singapore Land Group and Kheng Leong (50%) and Horizon Commercial Trustee Pte. Ltd. (as trustee of Horizon Commercial Trust), parent: CapitaLand Integrated Commercial Trust / CapitaLand Group and UOL-led consortiumS$1,500,738,338S$12,689.30S$1,179Awarded
2Sim Lian Land Pte Ltd, parent: Sim Lian Group Limited & Sim Lian Development Pte Ltd, parent: Sim Lian Group LimitedS$1,470,500,000S$12,433.63S$1,155Unsuccessful
3Phoenix Property 1 Pte. Ltd. and Phoenix Property 2 Pte. Ltd. (as trustee-manager of Phoenix Mall Trust)S$1,400,969,888S$11,845.72S$1,101Unsuccessful

Press releases, latest first

Each card is one release on its own date, with its text folded beneath. The latest is first and open.

14 January 2026

Awarded

Final Tender Result for Mixed Commercial and Residential Development at Hougang Avenue 10/ Hougang Central

The source page is dated 13 January 2026; the release text dates its action 14 January 2026. Both are kept as stated.

Awarded to

Horizon Residential Pte. Ltd., parent: CapitaLand Group (50%) / UOL-led consortium comprising UOL Group, Singapore Land Group and Kheng Leong (50%) and Horizon Commercial Trustee Pte. Ltd. (as trustee of Horizon Commercial Trust), parent: CapitaLand Integrated Commercial Trust / CapitaLand Group and UOL-led consortium, S$1,500,738,338 (S$12,689.30 psm GFA, about S$1,179 psf ppr).

Read the press releasehdb-2026-01-13-hougang-award

The Housing & Development Board
(HDB), as the Government’s land sales agent, launched the land parcel
at Hougang Avenue 10/ Hougang Central on 29 May 2025.

2 The details of the land parcel are as
follows:

Proposed DevelopmentMixed Use development comprising a Commercial and Residential development integrated with a Bus Interchange
LocationHougang Avenue 10/ Hougang Central
Site Area46,899.4 sq m
Maximum GFA118,268 sq m
Maximum Building Height64m Singapore Height Datum (SHD)
Estimated No. of Housing Units835*
Lease Term99
Project Completion Period84 months from the date of acceptance of tender

*Actual number of housing units proposed by developer may vary.

3 The site has been awarded to Horizon Residential Pte. Ltd. and Horizon Commercial Trustee Pte. Ltd. (as trustee of Horizon Commercial Trust)at the tender price of$1,500,738,338 on 14 January 2026. The details of the tender result can also be viewed here.

16 December 2025

Tender closed

Provisional Tender Results for Land Parcel at Hougang Avenue 10/ Hougang Central for Mixed Commercial and Residential Development

The source page is dated 15 December 2025; the release text dates its action 16 December 2025. Both are kept as stated.

3 bids disclosed

Highest S$1,500,738,338 (S$12,689.30 psm GFA) from Horizon Residential Pte. Ltd., parent: CapitaLand Group (50%) / UOL-led consortium comprising UOL Group, Singapore Land Group and Kheng Leong (50%) and Horizon Commercial Trustee Pte. Ltd. (as trustee of Horizon Commercial Trust), parent: CapitaLand Integrated Commercial Trust / CapitaLand Group and UOL-led consortium.

Read the press releasehdb-2025-12-15-hougang-close

The Housing & Development Board
(HDB), as the Government’s land sales agent, launched the
land parcel at Hougang Avenue 10/ Hougang Central for sale
by public tender on 29 May 2025.

2 The details of the land parcel are as
follows:

Proposed DevelopmentMixed Use development comprising a Commercial and Residential development integrated with a Bus Interchange
LocationHougang Avenue 10/ Hougang Central
Site Area46,899.4 sq m
Maximum GFA118,268 sq m
Maximum Building Height64m Singapore Height Datum (SHD)
Estimated No. of Housing Units835*
Lease Term99
Project Completion Period84 months from the date of acceptance of tender

*Actual number of housing units proposed by developer may vary.

3 The tender closed at 12pm today.
The details of the provisional tender results are
below:

S/NName of TendererTender Price ($)$psm/GFA ($)
1Horizon Residential Pte. Ltd. and Horizon Commercial Trustee Pte. Ltd. (as trustee of Horizon Commercial Trust)$1,500,738,338$12,689.30
2Sim Lian Land Pte Ltd & Sim Lian Development Pte Ltd$1,470,500,000$12,433.63
3Phoenix Property 1 Pte. Ltd. and Phoenix Property 2 Pte. Ltd. (as trustee-manager of Phoenix Mall Trust)$1,400,969,888$11,845.72

29 May 2025

Launched for tender, Confirmed List

HDB Launches Tender for Sale Sites at Sembawang Road and Hougang Avenue 10/ Hougang Central

The source page is dated 28 May 2025; the release text dates its action 29 May 2025. Both are kept as stated.

Read the press releasehdb-2025-05-28-sembawang-hougang-launch

HDB Hougang Branch to close on 1 September 2025 to make way for development at Hougang Ave 10/ Hougang Central

The Housing & Development Board (HDB), as the Government’s land sales agent, has launched an Executive Condominium site at Sembawang Road and a mixed commercial/ residential site at Hougang Avenue 10/ Hougang Central for sale by public tender today. These sites are being offered under the Confirmed List of first half 2025 (1H2025) Government Land Sales (GLS) Programme and can potentially yield about 1,100 residential units in total.

Details of Sale Sites

Table 1: Details of land parcels

LocationSembawang RoadHougang Avenue 10/ Hougang Central
Site Area (1)18,968 m246,898 m2
Land Use ZoningResidential (Executive Condominium)Commercial and Residential
Maximum Gross Floor Area (GFA)26,556 m2117,245 m2
Maximum Building Height (2)40m – 45m SHD64m SHD
Estimated Number of Housing Units (3)265835
Lease Period99 years99 years
(1) Final site area is subject to cadastral survey. (2) Building height is based on Singapore Height Datum (SHD). (3) Actual number of housing units proposed by developer may vary.

Closure of Facilities at Hougang Central

3 To facilitate the development of the Hougang Avenue 10/ Hougang Central mixed commercial/ residential site, three facilities within the site will close in phases:

  • HDB Hougang Branch: Closes on 1 September 2025
  • Adjacent sheltered atrium: Closes end-September 2025
  • Surface car park at Hougang Ave 10 (HG55): Closes end-March 2026

New 24-hour e-Lobby to better support residents

4 To better support residents’ needs after the closure of Hougang Branch, a new 24-hour e-Lobby will open from 1 September 2025. Located at Block 806 Hougang Central #01-160 Singapore 530806, it is a convenient 5 minutes’ walk from the current Hougang Branch. The e-Lobby is equipped with self-help machines such as HDB e-Service kiosks, a cash payment kiosk and an AXS machine for residents to access HDB services and complete transactions (e.g. mortgage or rental payments, purchase and renewal of season parking). A service ambassador will be stationed on site in the first month after the closure of Hougang Branch to provide guidance on using these e-Services.

Enhancing digital service delivery with new e-Lobby

5 This e-Lobby is part of HDB’s broader digitalisation efforts to enhance the efficiency of its services as well as to better serve Singaporeans’ needs due to their evolving lifestyles. With over 200 e-Services available on the HDB InfoWEB and Mobile@HDB app (downloadable via App Store and Google Play), residents can now conveniently access a wide range of HDB’s services online, significantly reducing the need to call, write in, or visit HDB for simple business transactions and general enquiries.

6 For more complex transactions or transactions that require wet-ink signature to be made in person (e.g. signing of legal documents for change in flat ownership or lodging a Notice of Death of flat owner), residents can visit Sengkang Branch1 located in Rivervale Plaza (Block 118 Rivervale Drive #02-01 Singapore 540118). To get from Hougang Branch to Sengkang Branch, residents are served by train and multiple direct bus services. Residents may book an appointment via the HDB InfoWEB.

1 Visits to HDB Branches are by appointment only. Sengkang Branch operates from 8:00am to 5:00pm on weekdays and is closed on weekends and public holidays.

Site facts

Selling authority
HDB
Allowable development
Mixed commercial and residential, integrated with a bus interchange
Tenure
99 years
Programme list
Confirmed List (1H2025 programme), tender closed[hdb-2025-12-15-hougang-close]
Site area
46,899.4 sqm[hdb-2025-12-15-hougang-close]
Maximum GFA
118,268 sqm[hdb-2025-12-15-hougang-close]
Estimated housing units
835[hdb-2025-12-15-hougang-close]
Height control
64m SHD[hdb-2025-12-15-hougang-close]
Tender conditions
  • Integrated uses: Commercial and residential development integrated with a bus interchange
  • Project completion period: 84 months. From the date of acceptance of tender
  • Housing yield: The number of units is an estimate; the release says the actual number proposed by the developer may vary. Not a cap.
Facts as stated on
16 December 20252 versions on record: 29 May 2025, 16 December 2025. Each is kept; the one in force on the reading date is shown.

The market when bids closed

When bids closed on 16 December 2025, URA's latest quarterly figures were for 3Q2025, published 24 October 2025, 53 days earlier. The next release, 4Q2025, came on 23 January 2026. The table carries on through three releases after it.

Private residential1Q2025Apr 20252Q2025Jul 2025On the day3Q2025Oct 20254Q2025Jan 20261Q2026Apr 20262Q2026Jul 2026TrendChange3Q2025 to 2Q2026
Prices
Private home price index211.1213.2215.1216.4218.3219.4+2.0%
Non-landed, core central region156.0160.7163.4157.7158.6161.5−1.2%
Private rental index158.5159.8161.7160.9161.4162.5+0.5%
Sales
New homes sold by developers3,3751,2123,2882,9402,0132,141−34.9%
Resales3,5653,6473,8813,5293,2253,813−1.8%
Sub-sales321269235230175194−17.4%
Units launched3,1391,5204,1912,6321,8441,783−57.5%
Supply
Unsold, uncompleted, with planning approval18,12518,49817,02914,85916,09514,929−12.3%
Pipeline with planning approval35,36436,66336,81435,69038,13338,556+4.7%
Vacancy rate6.5%heldheld6.0%6.2%6.4%n/a
SourceSelect a figure to see where URA printed it.
Latest release on the dayBids closedheldHeld back

Each figure is the quarter's own value as URA printed it in that quarter's release, not as later revised. Select a figure to see the annex and page it comes from.

Held back: URA prints the number in more than one place and the table's labels do not settle which one it is, so the archive stores it but does not show it.

Sources

  1. Press releasePublished 28 May 2025

    HDB Launches Tender for Sale Sites at Sembawang Road and Hougang Avenue 10/ Hougang Central

    Housing & Development Board · Retrieved 19 September 2026

    Source fact · Source-backed

    Open original source

    Technical details
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    27b0a48c6bf6af56da5ae9ea0966fee912992fb34a14dcfce5c475535ffc5100
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    Retrieved at
    2026-09-19 09:24:08 UTC
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    hdb-2025-05-28-sembawang-hougang-launch
  2. Page capturePublished 28 May 2025

    Browser capture of HDB Launches Tender for Sale Sites at Sembawang Road and Hougang Avenue 10/ Hougang Central, 2026-09-19

    Housing & Development Board · Retrieved 19 September 2026

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    Technical details
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    a15ca6f1a49f9a258655d990330f4810e823cb7d5b0efb3c588d55b1baf0077b
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    Retrieved at
    2026-09-19 07:50:55 UTC
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  3. Press releasePublished 15 December 2025

    Provisional Tender Results for Land Parcel at Hougang Avenue 10/ Hougang Central for Mixed Commercial and Residential Development

    Housing & Development Board · Retrieved 19 September 2026

    Source fact · Source-backed

    Open original source

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    adf6fd942d032e9b93c7d1fc9d5e8dddc90d51158b076b4a930d9090dcd0a2f9
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    23,093 bytes
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    Retrieved at
    2026-09-19 09:24:08 UTC
    Prevo reference
    hdb-2025-12-15-hougang-close
  4. Page capturePublished 15 December 2025

    Browser capture of Provisional Tender Results for Land Parcel at Hougang Avenue 10/ Hougang Central for Mixed Commercial and Residential Development, 2026-09-19

    Housing & Development Board · Retrieved 19 September 2026

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    d3af951555404f281bc01dcf36eaa618a438877633f709c7675d50ef9688d8e7
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    Retrieved at
    2026-09-19 07:53:52 UTC
    Prevo reference
    hdb-2025-12-15-hougang-close/screencapture-hdb-gov-sg-hdb-pulse-news-2025-provisional-tender-results-for-land-parcel-at-hougang-avenue-10-hougang-central-2026-09-19-15_53_52.pdf
  5. Press releasePublished 13 January 2026

    Final Tender Result for Mixed Commercial and Residential Development at Hougang Avenue 10/ Hougang Central

    Housing & Development Board · Retrieved 19 September 2026

    Source fact · Source-backed

    Open original source

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    a50aede31d8821a0172a4abc85096bd7a97f27475ead534c7c6c03113467d373
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    Retrieved at
    2026-09-19 09:24:08 UTC
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    hdb-2026-01-13-hougang-award
  6. Page capturePublished 13 January 2026

    Browser capture of Final Tender Result for Mixed Commercial and Residential Development at Hougang Avenue 10/ Hougang Central, 2026-09-19

    Housing & Development Board · Retrieved 19 September 2026

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    92b5c072c59873f5e1650baa73ccee5785e28ddb8b213ef2516100eabc9ad333
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    Retrieved at
    2026-09-19 08:02:13 UTC
    Prevo reference
    hdb-2026-01-13-hougang-award/screencapture-hdb-gov-sg-hdb-pulse-news-2026-final-tender-result-for-mixed-development-at-hougang-avenue-10-hougang-central-2026-09-19-16_02_13.pdf