URA’s Bayshore Drive project expected to ignite developer rush

The integrated development offers 1,280 units, commercial space, and direct MRT access.

Developers are expected to show strong interest in the URA’s newly launched 57.4 hectare mixed-use site at Bayshore Drive, given its integrated transport access and scale.

The site, which can yield about 1,280 residential units and 22,500 square metres (sqm) of commercial space, will be integrated with the future Bedok South MRT station on the Thomson-East Coast Line and a new bus interchange, making it one of the precinct’s most connected developments.

Mr Justin Quek, Deputy Group CEO of Realion (OrangeTee & ETC) Group, said the site is the only mixed-use parcel in the H12026 GLS programme.

“This is the second private residential site in the Bayshore precinct, which will have about 3,000 private homes and over 7,000 public housing units. Around 70% of housing supply in the precinct is public housing, with the remainder for private housing. The Bayshore Drive site is also the only integrated development in the area,” he said.

He expects up to six bids at $1,200 to $1,300 per square foot (psf) per plot ratio (ppr).

Wong Siew Ying, Head of Research and Content at PropNex, highlighted the site’s connectivity and potential as a landmark development.

“The commercial component may address retail demand in the Bedok South, Bayshore, and Siglap areas. We expect two to four bids, with a top bid between $1,150 and $1,250 psf ppr,” she said.

Mark Yip, CEO of Huttons Asia, noted the project’s scale may lead developers to form consortiums.

“Fully integrated developments, prized for their convenience, are hugely popular among buyers. We expect no more than three bids, with a top bid of $1,200 to $1,300 psf ppr, translating to around $2b,” he added.

The first private site in the precinct, at Bayshore Road, was awarded in March 2025 to Sing-Haiyi Garnet for $658.9m, or $1,388 psf ppr, for 515 units.

Quek also highlighted strong HDB resale prices nearby, noting that more than 8,000 flats are expected to reach their minimum occupation period from 2026–2028, which could support demand.

URA Realis data shows private residential prices in District 16 rose 44.7% from 2015 to 2025, signalling potential capital appreciation.

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Huttons Asia

PropNex

Realion Group

Urban Redevelopment Authority

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