Peck Hay Road
AwardedResidential. URA sale site.
S$542,400,000
S$20,076.25 psm GFA, about S$1,865 psf ppr (derived). Awarded 16 June 2026 to CDL Constellation Pte. Ltd., parent: City Developments Limited and Garden Estates (Pte.) Limited, parent: Hong Realty (Private) Limited / Hong Leong Investment Holdings Pte. Ltd..
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ psm of GFA) |
|---|---|---|---|---|---|
| Peck Hay Road | Residential | 5,513.5 m² | 27,017 m² | CDL Constellation Pte. Ltd., parent: City Developments Limited and Garden Estates (Pte.) Limited, parent: Hong Realty (Private) Limited / Hong Leong Investment Holdings Pte. Ltd. | S$542,400,000(S$20,076.25) |
As listed at the close of 11 June 2026 (ura-pr26-44), with the outcome the award of 16 June 2026 gave each.
| Rank | Tenderer | Tendered price | S$ psm GFA | S$ psf ppr (derived) | Outcome |
|---|---|---|---|---|---|
| 1 | CDL Constellation Pte. Ltd., parent: City Developments Limited and Garden Estates (Pte.) Limited, parent: Hong Realty (Private) Limited / Hong Leong Investment Holdings Pte. Ltd. | S$542,400,000 | S$20,076.25 | S$1,865 | Awarded |
| 2 | SMCL Haven 3 Pte. Ltd., parent: Sunway Berhad (indirect wholly owned subsidiary) and CSC Land Group (Singapore) Pte. Ltd. | S$500,194,899.36 | S$18,514.08 | S$1,720 | Unsuccessful |
| 3 | COLI (Singapore) Pte. Ltd. | S$460,260,000 | S$17,035.94 | S$1,583 | Unsuccessful |
| 4 | 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$459,481,361 | S$17,007.12 | S$1,580 | 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.
16 June 2026
AwardedTender award for URA sale site at Peck Hay Road
Awarded to
CDL Constellation Pte. Ltd., parent: City Developments Limited and Garden Estates (Pte.) Limited, parent: Hong Realty (Private) Limited / Hong Leong Investment Holdings Pte. Ltd., S$542,400,000 (S$20,076.25 psm GFA, about S$1,865 psf ppr).
Read the press releaseHide the press releaseura-pr26-45
1 The Urban Redevelopment Authority has awarded the tender for the site at Peck Hay Road to the highest tenderer, CDL Constellation Pte. Ltd. and Garden Estates (Pte.) Limited.
2 The site at Peck Hay Road was launched for tender on 9 April 2026. The tender for the site closed on 11 June 2026. The site was offered for sale on a 99-year lease term.
3 Details of the awarded site and the successful tenderer are provided below:
Details of the awarded site and the successful tenderer
| LOCATION | ALLOWABLE DEVELOPMENT | SITE AREA | MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA) | SUCCESSFUL TENDERER | TENDERED PRICE ($PSM of GFA) |
|---|---|---|---|---|---|
| Peck Hay Road | Residential | 5,513.5 m² | 27,017 m² | CDL Constellation Pte. Ltd. andGarden Estates (Pte.) Limited | $542,400,000.00($20,076.25) |
11 June 2026
Tender closedTender closing for URA sale site at Peck Hay Road
4 bids disclosed
Highest S$542,400,000 (S$20,076.25 psm GFA) from CDL Constellation Pte. Ltd., parent: City Developments Limited and Garden Estates (Pte.) Limited, parent: Hong Realty (Private) Limited / Hong Leong Investment Holdings Pte. Ltd..
Read the press releaseHide the press releaseura-pr26-44
1 The Urban Redevelopment Authority closed the tender for the site at Peck Hay Road today.
2 The site at Peck Hay Road was launched for public tender on 9 April 2026.
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.
9 April 2026
Launched for tender, Confirmed ListURA releases two sale sites at Peck Hay Road and River Valley Green (Parcel C)
Read the press releaseHide the press releaseura-pr26-28
1 The Urban Redevelopment Authority (URA) has released two residential sites at Peck Hay Road and River Valley Green (Parcel C) for sale today under the first half 2026 (1H2026) Government Land Sales (GLS) Programme.
2 The sites at Peck Hay Road (located near Newton MRT station and south of Scotts Road) and River Valley Green (Parcel C) (located next to Great World MRT station) can potentially yield about 315 and 470 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 Peck Hay Road and River Valley Green (Parcel C) sites will close at 12 noon on 11 and 18 June 2026, respectively.
Site facts
- Selling authority
- URA
- Allowable development
- Residential
- Tenure
- 99 years
- Programme list
- Confirmed List (1H2026 programme), launched for tender[ura-pr26-28/pr26-28a.pdf]
- Site area
- 5,513.5 sqmSubject to cadastral survey, as the annex states.[ura-pr26-28/pr26-28a.pdf]
- Maximum GFA
- 27,017 sqm[ura-pr26-28/pr26-28a.pdf]
- Estimated housing units
- 315[ura-pr26-28/pr26-28a.pdf]
- Height control
- Mid-rise zone 90m SHD; high-rise zone 145m SHD[ura-pr26-28/pr26-28a.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
- 9 April 2026
The market when bids closed
When bids closed on 11 June 2026, URA's latest quarterly figures were for 1Q2026, published 24 April 2026, 48 days earlier. The next release, 2Q2026, came on 24 July 2026. 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 9 April 2026
URA releases two sale sites at Peck Hay Road and River Valley Green (Parcel C)
Urban Redevelopment Authority · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 0d02362ae16fa10697f0c30ab0ecf26f4b55709a2988980c8112818d484382d2
- Size
- 429,916 bytes
- Format
- text/html
- Retrieved at
- 2026-09-19 03:18:07 UTC
- Prevo reference
- ura-pr26-28
- AnnexPublished 9 April 2026
Annex A to URA releases two sale sites at Peck Hay Road and River Valley Green (Parcel C)
Urban Redevelopment Authority · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 673f60b351e6c58599de4beaed9a17f81f975b442c86779af9aac79e3dedc19b
- Size
- 90,875 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-19 03:18:07 UTC
- Prevo reference
- ura-pr26-28/pr26-28a.pdf
- Press releasePublished 11 June 2026
Tender closing for URA sale site at Peck Hay Road
Urban Redevelopment Authority · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- cc9cabcc3307ac69e566435d7a519943865268d0ef9e109aad6091b8e2c9ae1d
- Size
- 421,981 bytes
- Format
- text/html
- Retrieved at
- 2026-09-19 03:18:08 UTC
- Prevo reference
- ura-pr26-44
- AnnexPublished 11 June 2026
Annex A to Tender closing for URA sale site at Peck Hay Road
Urban Redevelopment Authority · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 90cc8c9964adb051674f367480ef5848a1442cae55798b5c4c6a9a4625b529da
- Size
- 94,042 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-19 03:18:08 UTC
- Prevo reference
- ura-pr26-44/pr26-44a.pdf
- Press releasePublished 16 June 2026
Tender award for URA sale site at Peck Hay Road
Urban Redevelopment Authority · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 059c071808b14bf87284d273879be371dcdac1faeeb0a0ec8b981d4168604001
- Size
- 446,479 bytes
- Format
- text/html
- Retrieved at
- 2026-09-19 03:18:08 UTC
- Prevo reference
- ura-pr26-45