Historical note: This article records government land sale awards announced on 21 January 2025. It is not a current tender or launch notice.
Confirmed award results
URA awarded the Tengah Garden Avenue residential-and-commercial site to Intrepid Investments, CSC Land Group (Singapore) and GuocoLand (Singapore) at S$675 million. The Dairy Farm Walk residential site was awarded at S$504.515 million. Both sites carry 99-year leases.
The official tender outcome establishes the successful bid and site parameters. It does not by itself establish future unit prices, rental yields or investment returns.
Reading a GLS result properly
Land cost is one input into development economics. Construction cost, financing, design efficiency, unit mix, common-area allocation, marketing, timing and the competitive landscape all affect the eventual product and pricing.
Tengah and Dairy Farm also serve different demand contexts. A buyer should evaluate transport access, daily amenities, surrounding supply and the maturity of the neighbourhood at the time a project launches, rather than assuming the two sites will behave alike because the awards were announced together.
Buyer checklist
- Confirm the final project and launch details when officially released.
- Compare total quantum and efficient usable area.
- Map competing supply within the likely completion window.
- Assess owner-occupier convenience separately from investment assumptions.
- Use current financing and policy rules at the point of purchase.
Sources: URA award announcement and the official tender annex.