Bayshore Drive
AwardedCommercial and residential. URA sale site.
S$2,128,000,000
S$14,243.83 psm GFA, about S$1,323 psf ppr (derived). Awarded 20 July 2026 to Gemini Residential Pte. Ltd., parent: Frasers Property Limited (37.5%) / Sunway Berhad (30%) / Sekisui House, Ltd. (25%) / LC Realty Pte. Ltd. (7.5%) and Gemini Trustee Pte. Ltd. (as trustee-manager of Gemini Mall Trust), parent: Frasers Centrepoint Trust (50%) / Sunway Berhad (30%) / Sekisui House, Ltd. (20%).
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ psm of GFA) |
|---|---|---|---|---|---|
| Bayshore Drive | Commercial and residential | 57,460.6 m² | 149,398 m² | Gemini Residential Pte. Ltd., parent: Frasers Property Limited (37.5%) / Sunway Berhad (30%) / Sekisui House, Ltd. (25%) / LC Realty Pte. Ltd. (7.5%) and Gemini Trustee Pte. Ltd. (as trustee-manager of Gemini Mall Trust), parent: Frasers Centrepoint Trust (50%) / Sunway Berhad (30%) / Sekisui House, Ltd. (20%) | S$2,128,000,000(S$14,243.83) |
As listed at the close of 15 July 2026 (ura-pr26-54), with the outcome the award of 20 July 2026 gave each.
| Rank | Tenderer | Tendered price | S$ psm GFA | S$ psf ppr (derived) | Outcome |
|---|---|---|---|---|---|
| 1 | Gemini Residential Pte. Ltd., parent: Frasers Property Limited (37.5%) / Sunway Berhad (30%) / Sekisui House, Ltd. (25%) / LC Realty Pte. Ltd. (7.5%) and Gemini Trustee Pte. Ltd. (as trustee-manager of Gemini Mall Trust), parent: Frasers Centrepoint Trust (50%) / Sunway Berhad (30%) / Sekisui House, Ltd. (20%) | S$2,128,000,000 | S$14,243.83 | S$1,323 | Awarded |
| 2 | Chiron Bay Pte. Ltd. and Chiron Bay Investments Pte. Ltd. | S$2,010,799,000 | S$13,459.34 | S$1,250 | Unsuccessful |
| 3 | Breeze Residential Pte. Ltd. and Breeze Commercial Trustee Pte. Ltd. | S$1,986,084,999 | S$13,293.92 | 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.
20 July 2026
AwardedTender award for URA sale site at Bayshore Drive
Awarded to
Gemini Residential Pte. Ltd., parent: Frasers Property Limited (37.5%) / Sunway Berhad (30%) / Sekisui House, Ltd. (25%) / LC Realty Pte. Ltd. (7.5%) and Gemini Trustee Pte. Ltd. (as trustee-manager of Gemini Mall Trust), parent: Frasers Centrepoint Trust (50%) / Sunway Berhad (30%) / Sekisui House, Ltd. (20%), S$2,128,000,000 (S$14,243.83 psm GFA, about S$1,323 psf ppr).
Read the press releaseHide the press releaseura-pr26-55
-
The Urban Redevelopment Authority has awarded the tender for the site at Bayshore Drive to the highest tenderer, Gemini Residential Pte. Ltd. and Gemini Trustee Pte. Ltd. (as trustee-manager of Gemini Mall Trust).
-
The site at Bayshore Drive was launched for tender on 30 March 2026. The tender for the site closed on 15 July 2026. The site was offered for sale on a 99-year lease term.
-
Details of the awarded site and the successful tenderer are provided below:
| Location | Allowable development | Site area | Maximum permissible gross floor area (GFA) | Successful tenderer | Tendered price($PSM of GFA) |
|---|---|---|---|---|---|
| Bayshore Drive | Commercial and Residential | 57,460.6 m² | 149,398 m² | Gemini Residential Pte. Ltd. and Gemini Trustee Pte. Ltd. (as trustee-manager of Gemini Mall Trust) | $2,128,000,000.00($14,243.83) |
15 July 2026
Tender closedTender closing for URA sale site at Bayshore Drive
3 bids disclosed
Highest S$2,128,000,000 (S$14,243.83 psm GFA) from Gemini Residential Pte. Ltd., parent: Frasers Property Limited (37.5%) / Sunway Berhad (30%) / Sekisui House, Ltd. (25%) / LC Realty Pte. Ltd. (7.5%) and Gemini Trustee Pte. Ltd. (as trustee-manager of Gemini Mall Trust), parent: Frasers Centrepoint Trust (50%) / Sunway Berhad (30%) / Sekisui House, Ltd. (20%).
Read the press releaseHide the press releaseura-pr26-54
-
The Urban Redevelopment Authority closed the tender for the site at Bayshore Drive today.
-
The site at Bayshore Drive was launched for public tender on 30 March 2026.
-
Please see Annex A for details of the site and tender bids received.
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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.
30 March 2026
Launched for tender, Confirmed ListURA launches tender for sale site at Bayshore Drive
Read the press releaseHide the press releaseura-pr26-23
1 The Urban Redevelopment Authority (URA) has released a Commercial and Residential site at Bayshore Drive for sale today under the first half 2026 (1H2026) Government Land Sales (GLS) Programme.
2 The mixed-use GLS development will be integrated with Bedok South MRT Station, a bus interchange and retail spaces, and can potentially yield 1,280 residential units. These form part of the 4,575 residential units to be released via the Confirmed List of the 1H2026 GLS Programme, which is 50% above the average Confirmed List supply per GLS programme over the past decade.
3 Details on the site can be found in Annex A.
Other Details 4 The tender for the Bayshore Drive site will close at 12 noon on 15 July 2026.
Site facts
- Selling authority
- URA
- Allowable development
- Commercial and residential
- Tenure
- 99 years
- Programme list
- Confirmed List (1H2026 programme), launched for tender[ura-pr26-23/pr26-23a.pdf]
- Site area
- 57,460.6 sqmSubject to cadastral survey, as the annex states.[ura-pr26-23/pr26-23a.pdf]
- Maximum GFA
- 149,398 sqm
- Minimum 7,700 sqm bus interchange facilities
- Maximum 22,500 sqm retail
- Housing units, capped
- 1,280 maximumA cap stated to manage traffic demand, not an estimated yield.[ura-pr26-23/pr26-23a.pdf]
- Height control
- 85-91m SHD[ura-pr26-23/pr26-23a.pdf]
- Facts as stated on
- 30 March 2026
The market when bids closed
When bids closed on 15 July 2026, URA's latest quarterly figures were for 1Q2026, published 24 April 2026, 82 days earlier. The 2Q2026 figures followed nine days after the close. The table carries on through one release after it.
| Private residential | 3Q2025Oct 2025 | 4Q2025Jan 2026 | On the day1Q2026Apr 2026 | 2Q2026Jul 2026 | Trend | Change1Q2026 to 2Q2026 |
|---|---|---|---|---|---|---|
| Prices | ||||||
| Private home price index | 215.1 | 216.4 | 218.3 | 219.4 | +0.5% | |
| Non-landed, core central region | 163.4 | 157.7 | 158.6 | 161.5 | +1.8% | |
| Private rental index | 161.7 | 160.9 | 161.4 | 162.5 | +0.7% | |
| Sales | ||||||
| New homes sold by developers | 3,288 | 2,940 | 2,013 | 2,141 | +6.4% | |
| Resales | 3,881 | 3,529 | 3,225 | 3,813 | +18.2% | |
| Sub-sales | 235 | 230 | 175 | 194 | +10.9% | |
| Units launched | 4,191 | 2,632 | 1,844 | 1,783 | −3.3% | |
| Supply | ||||||
| Unsold, uncompleted, with planning approval | 17,029 | 14,859 | 16,095 | 14,929 | −7.2% | |
| Pipeline with planning approval | 36,814 | 35,690 | 38,133 | 38,556 | +1.1% | |
| Vacancy rate | held | 6.0% | 6.2% | 6.4% | +0.2 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 30 March 2026
URA launches tender for sale site at Bayshore Drive
Urban Redevelopment Authority · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 6aab229f1bff9f6f0ed0cbe761a6ad3e1c45955977a777704df7d1553a5cb833
- Size
- 429,389 bytes
- Format
- text/html
- Retrieved at
- 2026-09-19 03:18:07 UTC
- Prevo reference
- ura-pr26-23
- AnnexPublished 30 March 2026
Annex A to URA launches tender for sale site at Bayshore Drive
Urban Redevelopment Authority · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 76b5137cac9509e36900dc22ee97d7aa923fcbf89d283ae0a24f3e2042b4293a
- Size
- 92,307 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-19 03:18:07 UTC
- Prevo reference
- ura-pr26-23/pr26-23a.pdf
- Press releasePublished 15 July 2026
Tender closing for URA sale site at Bayshore Drive
Urban Redevelopment Authority · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- a8d262dbf3670f33ed2f7c39f35221c499d74f134b06a2e6d914d6d6a2709054
- Size
- 425,855 bytes
- Format
- text/html
- Retrieved at
- 2026-09-19 03:18:09 UTC
- Prevo reference
- ura-pr26-54
- AnnexPublished 15 July 2026
Annex A to Tender closing for URA sale site at Bayshore Drive
Urban Redevelopment Authority · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 1b99c8c73ec3ff35923f812afe8173ddf9b41bc2c974fbe24f75e54f710739ae
- Size
- 97,366 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-19 03:18:09 UTC
- Prevo reference
- ura-pr26-54/pr26-54a.pdf
- Press releasePublished 20 July 2026
Tender award for URA sale site at Bayshore Drive
Urban Redevelopment Authority · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 63a7efafb81c58116973093d55eb25679132922badfaf6afaa14ad50e4f5087a
- Size
- 452,392 bytes
- Format
- text/html
- Retrieved at
- 2026-09-19 03:18:09 UTC
- Prevo reference
- ura-pr26-55