Upper Thomson Road (Parcel A), 2025 tender
AwardedResidential with commercial at 1st storey. URA sale site.
S$613,939,000
S$11,426.59 psm GFA, about S$1,062 psf ppr (derived). Awarded 31 October 2025 to Wee Hur Property Pte Ltd, parent: Wee Hur Holdings Ltd and GSC Holdings Pte Ltd.
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ psm of GFA) |
|---|---|---|---|---|---|
| Upper Thomson Road (Parcel A), 2025 tender | Residential with commercial at 1st storey | 24,421.9 m² | 53,729 m² | Wee Hur Property Pte Ltd, parent: Wee Hur Holdings Ltd and GSC Holdings Pte Ltd | S$613,939,000(S$11,426.59) |
As listed at the close of 23 October 2025 (ura-pr25-54), with the outcome the award of 31 October 2025 gave each.
| Rank | Tenderer | Tendered price | S$ psm GFA | S$ psf ppr (derived) | Outcome |
|---|---|---|---|---|---|
| 1 | Wee Hur Property Pte Ltd, parent: Wee Hur Holdings Ltd and GSC Holdings Pte Ltd | S$613,939,000 | S$11,426.59 | S$1,062 | Awarded |
| 2 | Frasers Property Phoenix Pte. Ltd., parent: Frasers Property Limited and SB (Westpoint) Investment Pte. Ltd. | S$601,500,000 | S$11,195.07 | S$1,040 | Unsuccessful |
| 3 | 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$546,512,967 | S$10,171.66 | S$945 | Unsuccessful |
| 4 | Kingsford Huray Development Pte Ltd, parent: Kingsford Group | S$543,650,000 | S$10,118.37 | S$940 | Unsuccessful |
| 5 | Sim Lian Land Pte Ltd, parent: Sim Lian Group Limited and Sim Lian Development Pte Ltd, parent: Sim Lian Group Limited | S$540,000,000 | S$10,050.44 | S$934 | 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.
31 October 2025
AwardedTender award for URA sale site at Upper Thomson Road (Parcel A)
Awarded to
Wee Hur Property Pte Ltd, parent: Wee Hur Holdings Ltd and GSC Holdings Pte Ltd, S$613,939,000 (S$11,426.59 psm GFA, about S$1,062 psf ppr).
Read the press releaseHide the press releaseura-pr25-56
1 The Urban Redevelopment Authority (URA) has awarded the tender for the site at Upper Thomson Road (Parcel A) to the highest tenderer, Wee Hur Property Pte Ltd and GSC Holdings Pte Ltd.
2 The site at Upper Thomson Road (Parcel A) was launched for tender on 24 June 2025. The tender for the site closed on 23 October 2025. The site was offered for sale on a 99-year lease term.
3 Details of the awarded site and the successful tenderer are provided below:
Table caption
| LOCATION | ALLOWABLE DEVELOPMENT | SITE AREA | MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA) | SUCCESSFUL TENDERER | TENDERED PRICE ($PSM of GFA) |
|---|---|---|---|---|---|
| Upper Thomson Road (Parcel A) | Residential with Commercial at 1st Storey | 24,421.9 m2 | 53,729 m2 | Wee Hur Property Pte Ltd and GSC Holdings Pte Ltd | $613,939,000.00 ($11,426.59) |
23 October 2025
Tender closedTender closing for URA sale site at Upper Thomson Road (Parcel A)
5 bids disclosed
Highest S$613,939,000 (S$11,426.59 psm GFA) from Wee Hur Property Pte Ltd, parent: Wee Hur Holdings Ltd and GSC Holdings Pte Ltd.
Read the press releaseHide the press releaseura-pr25-54
This article has been migrated from an earlier version of the site and may display formatting inconsistencies.
1. The Urban Redevelopment Authority (URA) closed the tender for the site at Upper Thomson Road (Parcel A) today.
2. The site at Upper Thomson Road (Parcel A) was launched for public tender on 24 June 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.
24 June 2025
Launched for tender, Confirmed ListURA releases three residential sites at Dorset Road, Upper Thomson Road (Parcel A) and Telok Blangah Road
Read the press releaseHide the press releaseura-pr25-31
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 Dorset Road, Upper Thomson Road (Parcel A) and Telok Blangah Road for sale today under the first half 2025 (1H2025) Government Land Sales (GLS) Programme.
2 The sites at Dorset Road, Upper Thomson Road (Parcel A) and Telok Blangah Road can potentially yield about 425, 595 and 745 residential units respectively. These form part of the 5,030 residential units to be released via the Confirmed List of the 1H2025 GLS programme to cater to housing demand and maintain market stability.
3 The Government will sustain a high and steady level of private housing supply for the 2H2025 GLS Programme. 4,725 private residential units will be launched via the 2H2025 Confirmed List, bringing the total Confirmed List supply for 2025 to close to 10,000 units. The Government will continue to closely monitor economic and property market conditions, and when necessary, we are ready to increase both public and private housing supply.
4 Details on the three sites can be found in Annex A.
Other Details 5 The tenders for the Dorset Road, Upper Thomson Road (Parcel A) and Telok Blangah Road sites will close at 12 noon on 9 October 2025, 23 October 2025 and 4 November 2025 respectively.
1 The sites at Dorset Road and Telok Blangah Road are zoned Residential, while the site at Upper Thomson Road (Parcel A) is zoned Residential with Commercial at 1st Storey (see Annex A).
Site facts
- Selling authority
- URA
- Allowable development
- Residential with commercial at 1st storey
- Tenure
- 99 years
- Programme list
- Confirmed List, launched for tender[ura-pr25-31/pr25-31a_v1.pdf]
- Site area
- 24,421.9 sqm[ura-pr25-31/pr25-31a_v1.pdf]
- Maximum GFA
- 53,729 sqm
- Minimum 1,000 sqm childcare centre
- Estimated housing units
- 595[ura-pr25-31/pr25-31a_v1.pdf]
- Height control
- Low-rise zone 5 storeys; high-rise zone 80-100m SHD[ura-pr25-31/pr25-31a_v1.pdf]
- Tender conditions
- Height, low-rise zone: 5 storeys
- Height, high-rise zone: 80-100m SHD
- Long-stay serviced apartments (SA2): Not mandated; may be allowed subject to the approval of the technical agencies
- Housing yield: The number of units is an estimate; the annex says the actual number may vary. Not a cap.
- Facts as stated on
- 24 June 2025
The market when bids closed
When bids closed on 23 October 2025, URA's latest quarterly figures were for 2Q2025, published 25 July 2025, 90 days earlier. The 3Q2025 figures followed one day after the close. The table carries on through four releases after it.
| Private residential | 4Q2024Jan 2025 | 1Q2025Apr 2025 | On the day2Q2025Jul 2025 | 3Q2025Oct 2025 | 4Q2025Jan 2026 | 1Q2026Apr 2026 | 2Q2026Jul 2026 | Trend | Change2Q2025 to 2Q2026 |
|---|---|---|---|---|---|---|---|---|---|
| Prices | |||||||||
| Private home price index | 209.4 | 211.1 | 213.2 | 215.1 | 216.4 | 218.3 | 219.4 | +2.9% | |
| Non-landed, core central region | 154.8 | 156.0 | 160.7 | 163.4 | 157.7 | 158.6 | 161.5 | +0.5% | |
| Private rental index | 157.9 | 158.5 | 159.8 | 161.7 | 160.9 | 161.4 | 162.5 | +1.7% | |
| Sales | |||||||||
| New homes sold by developers | 3,420 | 3,375 | 1,212 | 3,288 | 2,940 | 2,013 | 2,141 | +76.7% | |
| Resales | 3,702 | 3,565 | 3,647 | 3,881 | 3,529 | 3,225 | 3,813 | +4.6% | |
| Sub-sales | 311 | 321 | 269 | 235 | 230 | 175 | 194 | −27.9% | |
| Units launched | 3,425 | 3,139 | 1,520 | 4,191 | 2,632 | 1,844 | 1,783 | +17.3% | |
| Supply | |||||||||
| Unsold, uncompleted, with planning approval | 19,405 | 18,125 | 18,498 | 17,029 | 14,859 | 16,095 | 14,929 | −19.3% | |
| Pipeline with planning approval | 35,305 | 35,364 | 36,663 | 36,814 | 35,690 | 38,133 | 38,556 | +5.2% | |
| Vacancy rate | 6.6% | 6.5% | held | held | 6.0% | 6.2% | 6.4% | n/a | |
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 24 June 2025
URA releases three residential sites at Dorset Road, Upper Thomson Road (Parcel A) and Telok Blangah Road
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
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- Size
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- Format
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- Retrieved at
- 2026-09-18 16:56:53 UTC
- Prevo reference
- ura-pr25-31
- AnnexPublished 24 June 2025
Annex A to URA releases three residential sites at Dorset Road, Upper Thomson Road (Parcel A) and Telok Blangah RoadVersion v1
Version v1 of the annex as linked from the release page; the authoritative version. Earlier versions were not supplied and are not in the capture, so supersedes_doc_key is null.
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
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- Source version
- v1
- Prevo reference
- ura-pr25-31/pr25-31a_v1.pdf
- Press releasePublished 23 October 2025
Tender closing for URA sale site at Upper Thomson Road (Parcel A)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
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- Size
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- 2026-09-18 16:56:55 UTC
- Prevo reference
- ura-pr25-54
- AnnexPublished 23 October 2025
Annex A to Tender closing for URA sale site at Upper Thomson Road (Parcel A)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
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- 2026-09-18 16:56:55 UTC
- Prevo reference
- ura-pr25-54/pr25-54a.pdf
- Press releasePublished 31 October 2025
Tender award for URA sale site at Upper Thomson Road (Parcel A)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- d86f23cf46c9f82dca7afd670f3e720649872fa11da1c825b6f6884d472fa69f
- Size
- 447,127 bytes
- Format
- text/html
- Retrieved at
- 2026-09-18 16:56:55 UTC
- Prevo reference
- ura-pr25-56