Berlayar Drive
AwardedResidential. URA sale site.
S$576,778,554
S$16,307.46 psm GFA, about S$1,515 psf ppr (derived). Awarded 7 August 2026 to Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited and GuocoLand (Singapore) Pte. Ltd., parent: GuocoLand Limited
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ psm of GFA) |
|---|---|---|---|---|---|
| Berlayar Drive | Residential | 25,263.2 m² | 35,369 m² | Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited and GuocoLand (Singapore) Pte. Ltd., parent: GuocoLand Limited | S$576,778,554(S$16,307.46) |
As listed at the close of 4 August 2026 (ura-pr26-59), with the outcome the award of 7 August 2026 gave each.
| Rank | Tenderer | Tendered price | S$ psm GFA | S$ psf ppr (derived) | Outcome |
|---|---|---|---|---|---|
| 1 | Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited and GuocoLand (Singapore) Pte. Ltd., parent: GuocoLand LimitedThe sole tender received, as the close release states. | S$576,778,554 | S$16,307.46 | S$1,515 | Awarded |
Press releases, latest first
Each card is one release on its own date, with its text folded beneath. The latest is first and open.
7 August 2026
AwardedTender award for URA sale site at Berlayar Drive
Awarded to
Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited and GuocoLand (Singapore) Pte. Ltd., parent: GuocoLand Limited, S$576,778,554 (S$16,307.46 psm GFA, about S$1,515 psf ppr).
Read the press releaseHide the press releaseura-pr26-61
-
The Urban Redevelopment Authority has awarded the tender for the site at Berlayar Drive to Intrepid Investments Pte. Ltd. and GuocoLand (Singapore) Pte. Ltd.
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The site at Berlayar Drive was launched for tender on 15 May 2026. The tender for the site closed on 4 August 2026. The site was offered for sale on a 99-year lease term.
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Details of the awarded site and the successful tenderer are provided below:
| LOCATION | ALLOWABLE DEVELOPMENT | SITE AREA | MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA) | SUCCESSFUL TENDERER | TENDERED PRICE ($PSM of GFA) |
|---|---|---|---|---|---|
| Berlayar Drive | Residential | 25,263.2 m² | 35,369 m² | Intrepid Investments Pte. Ltd. and GuocoLand (Singapore) Pte. Ltd. | $576,778,554.00 ($16,307.46) |
4 August 2026
Tender closedTender closing for URA sale site at Berlayar Drive
1 bid disclosed
Highest S$576,778,554 (S$16,307.46 psm GFA) from Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited and GuocoLand (Singapore) Pte. Ltd., parent: GuocoLand Limited The sole tender received.
Read the press releaseHide the press releaseura-pr26-59
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The Urban Redevelopment Authority closed the tender for the site at Berlayar Drive today.
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The site at Berlayar Drive was launched for public tender on 15 May 2026.
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Please see Annex Afor details of the site and tender bid 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 bid has been evaluated. This will be publicised at a later date.
15 May 2026
Launched for tender, Confirmed ListURA releases two sale sites at Berlayar Drive and New Upper Changi Road
Read the press releaseHide the press releaseura-pr26-38
1 The Urban Redevelopment Authority (URA) has released two residential sites at Berlayar Drive and New Upper Changi Road for sale today under the first half 2026 (1H2026) Government Land Sales (GLS) Programme.
2 The sites at Berlayar Drive and New Upper Changi Road (located near Bedok MRT station) can potentially yield about 415 and 1,010 residential units, respectively. 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. Details on the two sites can be found in Annex A.
Other Details 3 The tender for the Berlayar Drive and New Upper Changi Road sites will close at 12 noon on 4 August 2026 and 1 September 2026, respectively.
Site facts
- Selling authority
- URA
- Allowable development
- Residential
- Tenure
- 99 years
- Programme list
- Confirmed List (1H2026 programme), tender closed[ura-pr26-59/URA pr26-59a.pdf]
- Site area
- 25,263.2 sqm[ura-pr26-59/URA pr26-59a.pdf]
- Maximum GFA
- 35,369 sqm[ura-pr26-59/URA pr26-59a.pdf]
- Estimated housing units
- 415[ura-pr26-59/URA pr26-59a.pdf]
- Height control
- 5 storeys[ura-pr26-59/URA pr26-59a.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
- 4 August 20262 versions on record: 15 May 2026, 4 August 2026. Each is kept; the one in force on the reading date is shown.
The market when bids closed
When bids closed on 4 August 2026, URA's latest quarterly figures were for 2Q2026, published 24 July 2026, 11 days earlier.
No release since the close is in the archive yet. Figures will appear here as releases are added.
| Private residential | 4Q2025Jan 2026 | 1Q2026Apr 2026 | On the day2Q2026Jul 2026 | Trend |
|---|---|---|---|---|
| Prices | ||||
| Private home price index | 216.4 | 218.3 | 219.4 | |
| Non-landed, core central region | 157.7 | 158.6 | 161.5 | |
| Private rental index | 160.9 | 161.4 | 162.5 | |
| Sales | ||||
| New homes sold by developers | 2,940 | 2,013 | 2,141 | |
| Resales | 3,529 | 3,225 | 3,813 | |
| Sub-sales | 230 | 175 | 194 | |
| Units launched | 2,632 | 1,844 | 1,783 | |
| Supply | ||||
| Unsold, uncompleted, with planning approval | 14,859 | 16,095 | 14,929 | |
| Pipeline with planning approval | 35,690 | 38,133 | 38,556 | |
| Vacancy rate | 6.0% | 6.2% | 6.4% | |
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 15 May 2026
URA releases two sale sites at Berlayar Drive and New Upper Changi Road
Urban Redevelopment Authority · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 27540da9d3963a353a335deb2ec7e4f147a64d53d3aafe3faaabc8ebf772df01
- Size
- 429,670 bytes
- Format
- text/html
- Retrieved at
- 2026-09-19 03:18:08 UTC
- Prevo reference
- ura-pr26-38
- AnnexPublished 15 May 2026
Annex A to URA releases two sale sites at Berlayar Drive and New Upper Changi Road
Urban Redevelopment Authority · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 8bf7dcfb717c2ac6d7b90ca1ce0621764e4a8d88309681158b40b39d94cf1e0e
- Size
- 91,817 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-19 03:18:08 UTC
- Prevo reference
- ura-pr26-38/pr26-38a.pdf
- Press releasePublished 4 August 2026
Tender closing for URA sale site at Berlayar Drive
Urban Redevelopment Authority · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- a914b81062c880c2d668b26471aa5bece6e98032975f9bd4a498dbdad2988981
- Size
- 425,857 bytes
- Format
- text/html
- Retrieved at
- 2026-09-19 03:18:09 UTC
- Prevo reference
- ura-pr26-59
- AnnexPublished 4 August 2026
Annex A to Tender closing for URA sale site at Berlayar Drive
Urban Redevelopment Authority · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 6cc918a87df1b54f9356f52e2261b9c38f8910522b5057d7ed48e5e5d1f2f63c
- Size
- 92,967 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-19 03:18:09 UTC
- Prevo reference
- ura-pr26-59/URA pr26-59a.pdf
- Press releasePublished 7 August 2026
Tender award for URA sale site at Berlayar Drive
Urban Redevelopment Authority · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- def5d3c8ec05e6c9bf130a9e59f3e5e00018a43393cb9e79135239e298872a16
- Size
- 449,428 bytes
- Format
- text/html
- Retrieved at
- 2026-09-19 03:18:10 UTC
- Prevo reference
- ura-pr26-61