A consortium led by Hong Leong Holdings made the top bid for Tengah’s first private condo site along Tengah Garden Avenue. Concluded on January 14, the group offered S$675 million, translating to S$821 per square foot per plot ratio (psf ppr) for the site. While it is yet to be made official through the tender award by URA, this bid beat those from Kingsford Group and Sim Lian Group, who proposed S$670.1 million (S$815 psf ppr) and S$668 million (S$813 psf ppr), respectively.
The three offers garnered in this Government Land Sales (GLS) tender fell towards the lower end of analysts’ anticipated range of S$800 to S$980 psf ppr for a new project in the Outside Central Region (OCR).
What to expect on the upcoming Tengah Garden Avenue condo
The Tengah Garden Avenue site spans 2,458.4 square metres and will feature a mixed-use development. The new launch condo will yield approximately 860 residential units, with layouts catering to various preferences. Additionally, an estimated area of 3,000 square metres on the ground floor will host commercial spaces, such as retail outlets, dining options, and recreational facilities. These additions aim to create a lively and self-sufficient community.
In line with the “Forest Town” concept, the new Tengah Garden Avenue condo will combine natural landscapes with modern infrastructure, offering residents a balanced lifestyle. Its strategic location near the future Hong Kah MRT station on the upcoming Jurong Region Line (JRL) is also one of the highlights.
On top of that, the planned relocation of the Anglo-Chinese School (Primary) to Tengah by 2031 further adds to the attractiveness of this new project. Tengah Garden Avenue condo will be within a 2km radius of ACS Tengah, promising excellent educational opportunities within proximity.
Predicted pricing near S$2,000 psf
With a land price of S$821 psf ppr, analysts predict unit prices in this Tengah’s first private condo could reach close to S$2,000 psf. This estimate matches trends seen in Tengah’s property market. For instance, the Plantation Close executive condominium (EC) site nearby was awarded at S$701 psf ppr to Hoi Hup Realty and Sunway Developments. Their project, Novo Place, launched in November 2024 and achieved an 89% sales rate at a median price of S$1,652 psf.
These figures highlight the strong demand for properties in the new town. The upcoming Tengah private condo will likely attract both investors and homebuyers seeking modern living spaces in new promising locations.
The future of Tengah as a residential hub
Tengah is set to redefine urban living in Singapore. As the nation’s first “Forest Town,” it prioritises sustainability through car-free town centres, green corridors, and energy-efficient systems. Tengah also features expansive parks, nature reserves, and eco-friendly housing, providing a harmonious living environment.
Residents can enjoy a lifestyle that blends urban convenience with natural surroundings. The upcoming Jurong Region Line will enhance access to key destinations. At the same time, integrating residential and commercial spaces reduces travel needs, supporting a more sustainable lifestyle. Tengah’s forward-thinking design makes it a blueprint for future urban developments in Singapore.
Read more: Jurong Region MRT Line – 5 Things You Need to Know About the Jurong Region Line (JRL)
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Another GLS tender closed on January 14: Dairy Farm Walk site attracted a top bid of S$1,020 psf ppr
The tender for the GLS site at Dairy Farm Walk also concluded on the same day as Tengah Garden Avenue. A consortium of developers led by Santarli Construction made the top bid of S$504.5 million (S$1,020 psf ppr). In second place, Sim Lian Group made a bid of S$410 million (S$829 psf ppr).
Located at the junction of Dairy Farm Walk and Petir Road, the site covers an area of 21,881.8 square metres. Its maximum gross floor area extends to 45,951 square metres, offering a significant development potential of 540 residential units. This marks the fourth GLS launch in the vicinity.
The site’s proximity to Bukit Timah Nature Reserve and Dairy Farm Nature Park offers a serene setting. Future residents will also benefit from strong transport links and the Bukit Timah prime education belt, including Nanyang Primary and Raffles Girls’ Primary.
Recent transactions in the Dairy Farm area underscore its growing appeal. Over the past three months, the median price of new private homes stood at S$2,006 psf. A notable transaction in December involved a 1,044-square-foot unit at The Botany at Dairy Farm, sold for S$2.2 million or S$2,111 psf.
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