Kallang Close
AwardedResidential. URA sale site.
Formerly Kallang Avenue. Named Kallang Avenue in the 2H2025 Government Land Sales programme announcement; launched as Kallang Close on 8 December 2025.
S$610,750,000
S$15,231.43 psm GFA, about S$1,415 psf ppr (derived). Awarded 10 April 2026 to Frasers Property Phoenix Pte. Ltd., parent: Frasers Property Limited and MJR Investment Pte. Ltd.
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ psm of GFA) |
|---|---|---|---|---|---|
| Kallang Close | Residential | 11,456.3 m² | 40,098 m² | Frasers Property Phoenix Pte. Ltd., parent: Frasers Property Limited and MJR Investment Pte. Ltd. | S$610,750,000(S$15,231.43) |
As listed at the close of 7 April 2026 (ura-pr26-27), with the outcome the award of 10 April 2026 gave each.
| Rank | Tenderer | Tendered price | S$ psm GFA | S$ psf ppr (derived) | Outcome |
|---|---|---|---|---|---|
| 1 | Frasers Property Phoenix Pte. Ltd., parent: Frasers Property Limited and MJR Investment Pte. Ltd. | S$610,750,000 | S$15,231.43 | S$1,415 | Awarded |
| 2 | CDL Kallista Pte. Ltd. | S$606,419,000 | S$15,123.42 | S$1,405 | Unsuccessful |
| 3 | Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited and TID Residential Pte. Ltd., parent: Hong Leong Holdings Limited / Mitsui Fudosan Co., Ltd. (joint venture) | S$561,735,801 | S$14,009.07 | S$1,301 | Unsuccessful |
| 4 | Winrich Investment Pte. Ltd., parent: Wing Tai Holdings Limited and Metrobilt Construction Pte Ltd | S$536,199,999 | S$13,372.24 | S$1,242 | Unsuccessful |
Press releases, latest first
Each card is one release on its own date, with its text folded beneath. The latest is first and open.
10 April 2026
AwardedTender award for URA sale site at Kallang Close
Awarded to
Frasers Property Phoenix Pte. Ltd., parent: Frasers Property Limited and MJR Investment Pte. Ltd., S$610,750,000 (S$15,231.43 psm GFA, about S$1,415 psf ppr).
Read the press releaseHide the press releaseura-pr26-29
1 The Urban Redevelopment Authority has awarded the tender for the site at Kallang Close to the highest tenderer, Frasers Property Phoenix Pte. Ltd. and MJR Investment Pte. Ltd.
2 The site at Kallang Close was launched for tender on 8 December 2025. The tender for the site closed on 7 April 2026. The site was offered for sale on a 99-year lease term.
3 Details of the awarded site and the successful tenderer are provided below:
Table caption
| LOCATION | ALLOWABLE DEVELOPMENT | SITE AREA | MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA) | SUCCESSFUL TENDERER | TENDERED PRICE($PSM of GFA) |
|---|---|---|---|---|---|
| Kallang Close | Residential | 11,456.3 m² | 40,098 m² | Frasers Property Phoenix Pte. Ltd. and MJR Investment Pte. Ltd. | $610,750,000.00 ($15,231.43) |
7 April 2026
Tender closedTender closing for URA sale site at Kallang Close
4 bids disclosed
Highest S$610,750,000 (S$15,231.43 psm GFA) from Frasers Property Phoenix Pte. Ltd., parent: Frasers Property Limited and MJR Investment Pte. Ltd.
Read the press releaseHide the press releaseura-pr26-27
1 The Urban Redevelopment Authority closed the tender for the site at Kallang Close today.
2 The site at Kallang Close was launched for public tender on 8 December 2025.
3 Please see Annex Afor details of the site and tender bids received.
4 This is not an announcement of tender award. A decision on the award of the tender will be made after the bids have been evaluated. This will be publicised at a later date.
8 December 2025
Launched for tender, Confirmed ListURA launches tender for four sale sites at Lentor Central, Kallang Close, Dunearn Road and Telok Ayer Street
Read the press releaseHide the press releaseura-pr25-67
This article has been migrated from an earlier version of the site and may display formatting inconsistencies.
1 The Urban Redevelopment Authority (URA) has released three residential1 sites at Lentor Central, Kallang Close2 and Dunearn Road as well as a hotel site at Telok Ayer Street for sale today under the second half 2025 (2H2025) Government Land Sales (GLS) Programme.
2 The sites at Lentor Central, Kallang Close and Dunearn Road can potentially yield about 560, 470 and 330 residential units, respectively. These form part of the 4,725 residential units to be released via the Confirmed List of the 2H2025 GLS programme to cater to housing demand and maintain market stability. The hotel site at Telok Ayer Street is available for application under the Reserve List and can potentially yield 440 hotel rooms and 135 Long-stay Serviced Apartments3.
3 Details on the four sites can be found in Annex A.
Other Details 4 The tender for the Lentor Central, Kallang Close and Dunearn Road sites will close at 12 noon on 3 March 2026, 7 April 2026, and 28 April 2026, respectively.
1The sites at Lentor Central and Kallang Close are zoned Residential, while the site at Dunearn Road is zoned Residential with Commercial at 1st Storey (See Annex A).
2This site was previously referred to as Kallang Avenue in the 2H2025 GLS Programme announced on 13 June 2025.
3The Telok Ayer Street site is available for application for sale as a hotel site (with a component for Long-stay Serviced Apartments (i.e. SA2) use). More information on planning guidelines for SA2 developments is available via the circular issued by URA dated 4 December 2023 – “Guidelines for Serviced Apartments II (SA2)”.
Site facts
- Selling authority
- URA
- Allowable development
- Residential
- Tenure
- 99 years
- Programme list
- Confirmed List (2H2025 programme), tender closed[ura-pr26-27/pr26-27a.pdf]
- Site area
- 11,456.3 sqm[ura-pr26-27/pr26-27a.pdf]
- Maximum GFA
- 40,098 sqm
- Minimum 500 sqm childcare centre
- Estimated housing units
- 470[ura-pr26-27/pr26-27a.pdf]
- Height control
- 110m SHD; low-rise zone 6 storeys[ura-pr26-27/pr26-27a.pdf]
- Tender conditions
- Height, low-rise zone: 6 storeys
- Housing yield: The number of units is an estimate; the annex says the actual number may vary. Not a cap.
- Facts as stated on
- 7 April 20262 versions on record: 8 December 2025, 7 April 2026. Each is kept; the one in force on the reading date is shown.
The market when bids closed
When bids closed on 7 April 2026, URA's latest quarterly figures were for 4Q2025, published 23 January 2026, 74 days earlier. The next release, 1Q2026, came on 24 April 2026. The table carries on through two releases after it.
| Private residential | 2Q2025Jul 2025 | 3Q2025Oct 2025 | On the day4Q2025Jan 2026 | 1Q2026Apr 2026 | 2Q2026Jul 2026 | Trend | Change4Q2025 to 2Q2026 |
|---|---|---|---|---|---|---|---|
| Prices | |||||||
| Private home price index | 213.2 | 215.1 | 216.4 | 218.3 | 219.4 | +1.4% | |
| Non-landed, core central region | 160.7 | 163.4 | 157.7 | 158.6 | 161.5 | +2.4% | |
| Private rental index | 159.8 | 161.7 | 160.9 | 161.4 | 162.5 | +1.0% | |
| Sales | |||||||
| New homes sold by developers | 1,212 | 3,288 | 2,940 | 2,013 | 2,141 | −27.2% | |
| Resales | 3,647 | 3,881 | 3,529 | 3,225 | 3,813 | +8.0% | |
| Sub-sales | 269 | 235 | 230 | 175 | 194 | −15.7% | |
| Units launched | 1,520 | 4,191 | 2,632 | 1,844 | 1,783 | −32.3% | |
| Supply | |||||||
| Unsold, uncompleted, with planning approval | 18,498 | 17,029 | 14,859 | 16,095 | 14,929 | +0.5% | |
| Pipeline with planning approval | 36,663 | 36,814 | 35,690 | 38,133 | 38,556 | +8.0% | |
| Vacancy rate | held | held | 6.0% | 6.2% | 6.4% | +0.4 pts | |
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
- Press releasePublished 8 December 2025
URA launches tender for four sale sites at Lentor Central, Kallang Close, Dunearn Road and Telok Ayer Street
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
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- Retrieved at
- 2026-09-18 16:56:56 UTC
- Prevo reference
- ura-pr25-67
- AnnexPublished 8 December 2025
Annex A to URA launches tender for four sale sites at Lentor Central, Kallang Close, Dunearn Road and Telok Ayer Street
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
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- Retrieved at
- 2026-09-18 16:56:56 UTC
- Prevo reference
- ura-pr25-67/pr25-67a.pdf
- Press releasePublished 7 April 2026
Tender closing for URA sale site at Kallang Close
Urban Redevelopment Authority · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
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- Retrieved at
- 2026-09-19 03:18:07 UTC
- Prevo reference
- ura-pr26-27
- AnnexPublished 7 April 2026
Annex A to Tender closing for URA sale site at Kallang Close
Urban Redevelopment Authority · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 1427c2237dd2136ac7278df35219d9c3eda6166ec07bc924312ceb160ab47bc0
- Size
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- Format
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- Retrieved at
- 2026-09-19 03:18:07 UTC
- Prevo reference
- ura-pr26-27/pr26-27a.pdf
- Press releasePublished 10 April 2026
Tender award for URA sale site at Kallang Close
Urban Redevelopment Authority · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- de4f8fddc19aae8402471f3bf9d0da71f271596ecb902edea0d0709eb1e2fc8a
- Size
- 446,908 bytes
- Format
- text/html
- Retrieved at
- 2026-09-19 03:18:07 UTC
- Prevo reference
- ura-pr26-29