Tanjong Rhu Road
AwardedResidential. URA sale site.
S$709,252,000
S$15,661.62 psm GFA, about S$1,455 psf ppr (derived). Awarded 10 February 2026 to CDL Constellation Pte. Ltd., parent: City Developments Limited and Bedrock Ventures Pte. Ltd., parent: City Developments Limited joint-venture partner (ultimate owner not publicly confirmed)
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ psm of GFA) |
|---|---|---|---|---|---|
| Tanjong Rhu Road | Residential | 12,239.3 m² | 45,286 m² | CDL Constellation Pte. Ltd., parent: City Developments Limited and Bedrock Ventures Pte. Ltd., parent: City Developments Limited joint-venture partner (ultimate owner not publicly confirmed) | S$709,252,000(S$15,661.62) |
As listed at the close of 5 February 2026 (ura-pr26-08), with the outcome the award of 10 February 2026 gave each.
| Rank | Tenderer | Tendered price | S$ psm GFA | S$ psf ppr (derived) | Outcome |
|---|---|---|---|---|---|
| 1 | CDL Constellation Pte. Ltd., parent: City Developments Limited and Bedrock Ventures Pte. Ltd., parent: City Developments Limited joint-venture partner (ultimate owner not publicly confirmed) | S$709,252,000 | S$15,661.62 | S$1,455 | Awarded |
| 2 | Sunway MCL (Edge) Pte. Ltd. and AFP Land Pte. Ltd. | S$691,888,000 | S$15,278.19 | S$1,419 | Unsuccessful |
| 3 | Sim Lian Land Pte Ltd, parent: Sim Lian Group Limited and Sim Lian Development Pte Ltd, parent: Sim Lian Group Limited | S$690,300,000 | S$15,243.12 | S$1,416 | Unsuccessful |
| 4 | GuocoLand (Singapore) Pte. Ltd., parent: GuocoLand Limited, 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$672,692,736 | S$14,854.32 | S$1,380 | Unsuccessful |
| 5 | Kingsford Huray Development Pte Ltd, parent: Kingsford Group | S$601,998,000 | S$13,293.25 | S$1,235 | 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 February 2026
AwardedTender award for URA sale site at Tanjong Rhu Road
Awarded to
CDL Constellation Pte. Ltd., parent: City Developments Limited and Bedrock Ventures Pte. Ltd., parent: City Developments Limited joint-venture partner (ultimate owner not publicly confirmed), S$709,252,000 (S$15,661.62 psm GFA, about S$1,455 psf ppr).
Read the press releaseHide the press releaseura-pr26-09
1 The Urban Redevelopment Authority (URA) has awarded the tender for the site at Tanjong Rhu Road to the highest tenderer, CDL Constellation Pte. Ltd. and Bedrock Ventures Pte. Ltd.
2 The site at Tanjong Rhu Road was launched for tender on 26 November 2025. The tender for the site closed on 5 February 2026. The site was offered for sale on a 99-year lease term.
3 Details of the awarded site and the successful tenderer are provided below:
Table caption
| LOCATION | ALLOWABLE DEVELOPMENT | SITE AREA | MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA) | SUCCESSFUL TENDERER | TENDERED PRICE ($PSM OF GFA) |
|---|---|---|---|---|---|
| Tanjong Rhu Road | Residential | 12,239.3 m² | 45,286 m² | CDL Constellation Pte. Ltd. and Bedrock Ventures Pte. Ltd. | $709,252,000.00 ($15,661.62) |
5 February 2026
Tender closedTender closing for URA sale site at Tanjong Rhu Road
5 bids disclosed
Highest S$709,252,000 (S$15,661.62 psm GFA) from CDL Constellation Pte. Ltd., parent: City Developments Limited and Bedrock Ventures Pte. Ltd., parent: City Developments Limited joint-venture partner (ultimate owner not publicly confirmed)
Read the press releaseHide the press releaseura-pr26-08
1 The Urban Redevelopment Authority (URA) closed the tender for the site at Tanjong Rhu Road today.
2 The site at Tanjong Rhu Road was launched for public tender on 26 November 2025.
3 Please see Annex A for 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.
26 November 2025
Launched for tender, Confirmed ListURA launches tender for three sale sites at Dairy Farm Walk, Tanjong Rhu Road, and Dover Drive
Read the press releaseHide the press releaseura-pr25-61
1. The Urban Redevelopment Authority (URA) has released three residential1 sites at Dairy Farm Walk, Tanjong Rhu Road, and Dover Drive2 for sale today under the second half 2025 (2H2025) Government Land Sales (GLS) Programme.
2. The sites at Dairy Farm Walk, Tanjong Rhu Road, and Dover Drive can potentially yield about 480, 525, and 625 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.
3. Details on the three sites can be found in Annex A._
Other Details 4. The tender for the Dairy Farm Walk, Tanjong Rhu Road, and Dover Drive sites will close at 12 noon on 22 January 2026, 5 February 2026, and 26 March 2026, respectively.
1The sites at Dairy Farm Walk and Tanjong Rhu Road are zoned Residential, while the site at Dover Drive is zoned Residential with Commercial at 1st Storey (See Annex A ).
2This site was previously referred to as Dover Road in the 2H2025 GLS Programme announced on 13 June 2025.
Site facts
- Selling authority
- URA
- Allowable development
- Residential
- Tenure
- 99 years
- Programme list
- Confirmed List (2H2025 programme), tender closed[ura-pr26-08/pr26-08a.pdf]
- Site area
- 12,239.3 sqm[ura-pr26-08/pr26-08a.pdf]
- Maximum GFA
- 45,286 sqm
- Minimum 500 sqm childcare centre
- Estimated housing units
- 525[ura-pr26-08/pr26-08a.pdf]
- Height control
- 95-100m SHD[ura-pr26-08/pr26-08a.pdf]
- Tender conditions
- Housing yield: The number of units is an estimate; the annex says the actual number may vary. Not a cap.
- Facts as stated on
- 5 February 20262 versions on record: 26 November 2025, 5 February 2026. Each is kept; the one in force on the reading date is shown.
The market when bids closed
When bids closed on 5 February 2026, URA's latest quarterly figures were for 4Q2025, published 23 January 2026, 13 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 26 November 2025
URA launches tender for three sale sites at Dairy Farm Walk, Tanjong Rhu Road, and Dover Drive
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 9c7e611af3ab6f25a9c3d52e002cb18b45af86a2bdf256cd819a1f82efec9c09
- Size
- 436,229 bytes
- Format
- text/html
- Retrieved at
- 2026-09-18 16:56:56 UTC
- Prevo reference
- ura-pr25-61
- AnnexPublished 26 November 2025
Annex A to URA launches tender for three sale sites at Dairy Farm Walk, Tanjong Rhu Road, and Dover Drive
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 5dcc2836587bd14da7e0ede69cc8447c9e2189a27cf1d04d61b219438c6c7bb2
- Size
- 102,117 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-18 16:56:56 UTC
- Prevo reference
- ura-pr25-61/pr25-61a2.pdf
- Press releasePublished 5 February 2026
Tender closing for URA sale site at Tanjong Rhu Road
Urban Redevelopment Authority · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- d11e39f2576121886a25032414bbb6bece56441f2e8ff8e9194c82587b50023d
- Size
- 425,710 bytes
- Format
- text/html
- Retrieved at
- 2026-09-19 03:18:05 UTC
- Prevo reference
- ura-pr26-08
- AnnexPublished 5 February 2026
Annex A to Tender closing for URA sale site at Tanjong Rhu Road
Urban Redevelopment Authority · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 1c326cf4fcb69c6b9b537aad88ad401279b442793914606d92fc8bdb4ec145db
- Size
- 96,890 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-19 03:18:05 UTC
- Prevo reference
- ura-pr26-08/pr26-08a.pdf
- Press releasePublished 10 February 2026
Tender award for URA sale site at Tanjong Rhu Road
Urban Redevelopment Authority · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- d7c2eb6e3b7a3cfdc3a7b54f8a9a48fa483929ba84b174e500809cf2467c50e5
- Size
- 446,078 bytes
- Format
- text/html
- Retrieved at
- 2026-09-19 03:18:05 UTC
- Prevo reference
- ura-pr26-09