GLS site demand remains high as competition ramps up

All tenders launched since July have attracted over 6 bidders, said Huttons Asia.

All government land sales (GLS) sites launched since July 2025 have attracted over 6 bidders, with the latest tender drawing 10 bidders even— the highest since 2021.

“Tender prices have also been stretched as the heightened competition and mode of sales via tender meant that it is a winner take-all outcome,” said Mark Yip, CEO of Huttons Asia.

Bidding is likely to remain intense as developers aim to add attractive sites to their portfolio, Yip said.

An earlier report by Knight Frank said that the GLS programme is headed for a modest pullback in confirmed supply in 2026, and a possible shift towards reserving more sites for developer-initiated triggers.

Yip noted that three sites— Dunearn Road, Kallang Avenue, and Lentor Central— may see between 2-7 bidders.

Dunearn Road and Kallang Avenue are expected to attract between 4-7 bidders each, and a top bid between $1,350 and $1,450 per square foot (psf) ppr.

The Dunearn Road site is close to the Sixth Avenue MRT station and is in the Bukit Timah Belt. A previous tender on the Turf City housing estate drew 9 bidders, with the top bid being $1,410 psf ppr.

Across the site is the Holland Plain site, which may potentially be moved to the H1 2026 Confirmed List, Yip said. If all the sites are launched and sold, there will be around 1,225 new dwelling units in this area in the next 2 years.

Kallang Avenue, meanwhile, is the first GLS site for private residential living near the Kallang MRT station. It features a waterfront, which is “rate” for a site nowadays, according to Yip. Because of this it is expected to be highly sought after by developers and buyers when launched.

Lentor Central, meanwhile, is the eighth site in the Lentor precinct and the only private residential enclave in Ang Mo Kio.

Less than 50 units from launched projects remained unsold in this precinct, Yip said.

“The area is popular among buyers for its attractive entry price. Going by the fast pace of sales in recent OCR project launches especially in Lentor/Springleaf, demand for attractively priced private homes remained high,” Yip said.

Interest in this site may be similar to that in the last 2 years at 2-4 bidders with bids between $900 and $1,000 psf ppr.

Despite tight supply and sustained interest, developers are expected to remain “selective” in their bids. Developers may even opt to form more consortiums to spread risks.