Maiden plot in Turf City snags 9 bids as developers jostle for advantage

A consortium led by Frasers Property, Sekisui House and CSC Land Group (Singapore) has submitted a top bid of $491.5 million in a hotly contested tender exercise for the first residential site in Turf City along Dunearn Road.

- Grace Leong

A total of nine bids were submitted by developers jostling for first-mover advantage in Turf City, which is among the key new housing areas in more central locations identified in the Draft Master Plan 2025, and will bring 15,000 to 20,000 new public and private homes to the prime Bukit Timah area.

This 13,492 sq m prime district Government Land Sales (GLS) site, which could yield 380 homes, has attracted the highest number of bids since October 2021, when 10 bids were submitted for two smallish sites at one-north, and nine bids were put in for a plot at Lentor, now Lentor Modern, in July 2021, said Ms Tricia Song, CBRE research head for Singapore and South-east Asia.

"We believe the Draft Master Plan 2025 may have boosted sentiment for this Turf City maiden site," she said.

"The plans for Bukit Timah Turf City look promising, with 15,000 to 20,000 homes, lush greenery, good transport connectivity and 22 heritage buildings being proposed for conservation, including the two grandstands, which will be rejuvenated as community nodes," she added.