, Singapore
169 views
Photo by Wolrider YURTSEVEN via Pexels

CNQC-led group wins Dover Drive GLS site for $951m

The bid reflects a land rate of $16,750.94 per square metre of gross floor area.

The Urban Redevelopment Authority has awarded the tender for the site at Dover Drive to the highest tenderer for over $950m.

According to the agency, CNQC Realty (Prime) Pte. Ltd., Forsea Residence Pte. Ltd. and Jianan Realty Investments (1) Pte. Ltd. bagged the site for a tendered price of $951m or $16,750.94 per square metre of gross floor area.

The 13,517.2 square metre site at Dover Drive was launched for tender on 26 November 2025. It was offered for sale on a 99-year lease term.

The site has a maximum permissible gross floor area of 56,773 square metres. Its allowable development is residential with commercial at the first storey.

Join Singapore Business Review community

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Top News

MPA, China Classification Society renew maritime pact
The expanded partnership covers green fuels, vessel electrification, autonomous ships and maritime talent development.
Singapore, Sweden deepen clean-energy cooperation
The partnership will focus on hydrogen, ammonia, regional power links and high-voltage transmission technologies.