Chitty Road and Veerasamy Road
AwardedResidential: 18 conserved two-storey buildings of 1927, within the existing envelope under the Conservation Guidelines. URA sale site.
S$35,288,000
S$10,357.50 psm site area. Awarded 7 August 2026 to YK Land Pte. Ltd., parent: Soon Hock Group The published rate is per square metre of site area: the buildings' GFA is not a printed figure.
| Location | Allowable development | Site area | Successful tenderer | Tendered price (S$ psm of site area) |
|---|---|---|---|---|
| Chitty Road and Veerasamy Road | Residential: 18 conserved two-storey buildings of 1927, within the existing envelope under the Conservation Guidelines | 3,407 m² | YK Land Pte. Ltd., parent: Soon Hock Group | S$35,288,000(S$10,357.50) |
As listed at the close of 28 July 2026 (ura-pr26-58), with the outcome the award of 7 August 2026 gave each.
| Rank | Tenderer | Tendered price | S$ psm site area | Outcome |
|---|---|---|---|---|
| 1 | YK Land Pte. Ltd., parent: Soon Hock Group | S$35,288,000 | S$10,357.50 | Awarded |
| 2 | Conint Pte Ltd and SEEDoE Ventures Pte Ltd | S$23,828,558 | S$6,994.00 | Unsuccessful |
| 3 | RPC One Pte Ltd | S$23,700,000 | S$6,956.27 | Unsuccessful |
| 4 | Mezzo Properties Pte Ltd | S$16,380,000 | S$4,807.75 | Unsuccessful |
| 5 | Haus @ Central Pte Ltd | S$15,555,000 | S$4,565.60 | Unsuccessful |
| 6 | Westwood Hostel Pte Ltd | S$12,000,000 | S$3,522.16 | Unsuccessful |
| 7 | Bogen Venture Pte Ltd | S$10,600,000 | S$3,111.24 | 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.
7 August 2026
AwardedTender award for URA sale site at Chitty Road and Veerasamy Road
Awarded to
YK Land Pte. Ltd., parent: Soon Hock Group, S$35,288,000 (S$10,357.50 psm site area).
Read the press releaseHide the press releaseura-pr26-60
-
The Urban Redevelopment Authority has awarded the tender for the site at Chitty Road and Veerasamy Road to the highest tenderer, YK Land Pte. Ltd.
-
The site at Chitty Road and Veerasamy Road was launched for tender on 5 March 2026. The tender for the site closed on 28 July 2026. The site was offered for sale on a 99-year lease term.
-
Details of the awarded site and the successful tenderer are provided below:
| LOCATION | ALLOWABLE DEVELOPMENT | SITE AREA | SUCCESSFUL TENDERER | TENDERED PRICE ($PSM of SITE AREA) |
|---|---|---|---|---|
| Chitty Road and Veerasamy Road | Residential | 3,407.0 m² | YK Land Pte. Ltd. | $35,288,000.00 ($10,357.50) |
28 July 2026
Tender closedTender closing for URA sale site at Chitty Road and Veerasamy Road
7 bids disclosed
Highest S$35,288,000 (S$10,357.50 psm site area) from YK Land Pte. Ltd., parent: Soon Hock Group
Read the press releaseHide the press releaseura-pr26-58
-
The Urban Redevelopment Authority closed the tender for the site at Chitty Road and Veerasamy Road today.
-
The site at Chitty Road and Veerasamy Road was launched for public tender on 5 March 2026.
-
Please see Annex A for details of the site and tender bids received.
-
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.
5 March 2026
Sale tender launched, outside the GLS listsURA Launches Sale Tender for Conserved Buildings at Chitty Road and Veerasamy Road
Read the press releaseHide the press releaseura-pr26-14
1 The Urban Redevelopment Authority (URA) has launched a tender for the sale of a cluster of conserved buildings at Chitty Road and Veerasamy Road today.
2 The 18 two-storey conserved pre-war buildings were constructed in 1927 and are located on a 0.34 hectare site in the Little India Historic District. Originally built as municipal quarters for government employees, the properties comprise two parallel rows of terrace houses linked by a back lane. The intent is for these properties to be sensitively adapted into a residential cluster that blends heritage with contemporary urban living, allowing future residents to benefit from the site’s central location and close proximity to amenities.
3 Structural investigations have been carried out, and relevant reports will be made available to tenderers to ascertain the restoration and strengthening works required. The successful tenderer will be guided to sensitively restore the buildings and adapt them for residential or long-stay serviced apartment use in accordance with URA’s conservation guidelines. The restoration and adaptive reuse of the buildings will contribute to realising the vision for the Little India Historic District as a lively mixed-use precinct in a vibrant cultural setting where people live, work, and play.
4 Details on the site can be found in Annex A.
Other Details 5 The tender for the site will close at 12 noon on 28 July 2026.
Site facts
- Selling authority
- URA
- Allowable development
- Residential: 18 conserved two-storey buildings of 1927, within the existing envelope under the Conservation Guidelines
- Tenure
- 99 years
- Programme list
- None stated; sale tender launchedA URA sale tender its source places on neither the Confirmed nor the Reserve List of the Government Land Sales programme. No list is inferred.[ura-pr26-14/pr26-14a.pdf]
- Site area
- 3,407 sqm[ura-pr26-14/pr26-14a.pdf]
- Tender conditions
- GLS programme list: The release places this sale on neither the Confirmed nor the Reserve List; no list is inferred
- Conserved buildings: 18 buildings. Two-storey buildings of 1927, to be conserved
- Gross floor area: The resultant GFA of the existing envelope under the Conservation Guidelines; no maximum GFA figure is printed, and bid rates are per square metre of site area
- Alternative scheme: long-stay serviced apartments: 36 SA2 units. One of two alternative schemes; not additional to the strata landed scheme
- Alternative scheme: strata landed houses: 18 houses. One of two alternative schemes; not additional to the SA2 scheme
- Facts as stated on
- 5 March 2026
The market when bids closed
When bids closed on 28 July 2026, URA's latest quarterly figures were for 2Q2026, published 24 July 2026, 4 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 5 March 2026
URA Launches Sale Tender for Conserved Buildings at Chitty Road and Veerasamy Road
Urban Redevelopment Authority · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- c7f0325b253a93d474b91cebbec7f05d6c5fdc8c4b6dbe66f3fd69c1b0151bba
- Size
- 433,198 bytes
- Format
- text/html
- Retrieved at
- 2026-09-19 03:18:06 UTC
- Prevo reference
- ura-pr26-14
- AnnexPublished 5 March 2026
Annex A to URA Launches Sale Tender for Conserved Buildings at Chitty Road and Veerasamy Road
Urban Redevelopment Authority · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- fef68e282a401511ad7910e0c1912b4b17e8d773883d1f70e6250720ef9351a1
- Size
- 89,461 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-19 03:18:06 UTC
- Prevo reference
- ura-pr26-14/pr26-14a.pdf
- Press releasePublished 28 July 2026
Tender closing for URA sale site at Chitty Road and Veerasamy Road
Urban Redevelopment Authority · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 02bd4d39dd89c0473dc8a66b709cabc2b959d39563cf686d9e481b2886d1918b
- Size
- 426,130 bytes
- Format
- text/html
- Retrieved at
- 2026-09-19 03:18:09 UTC
- Prevo reference
- ura-pr26-58
- AnnexPublished 28 July 2026
Annex A to Tender closing for URA sale site at Chitty Road and Veerasamy Road
Urban Redevelopment Authority · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 113389829505216073f767cd3fe49e02bf7d7f5fd66f2c51d6cfd917b2520d60
- Size
- 92,436 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-19 03:18:09 UTC
- Prevo reference
- ura-pr26-58/URA pr26-58a.pdf
- Press releasePublished 7 August 2026
Tender award for URA sale site at Chitty Road and Veerasamy Road
Urban Redevelopment Authority · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 4549983977030ac3e652b50a8254814f6b950d1bb59c2fe65456c7294f759633
- Size
- 445,942 bytes
- Format
- text/html
- Retrieved at
- 2026-09-19 03:18:10 UTC
- Prevo reference
- ura-pr26-60