Tenders Launched Three Gls Sites Lakeside Drive Dunearn Road And Woodlands Drive 17
Three Government Land Sale (GLS) sites located at Dunearn Road, Lakeside Drive, and Woodlands Drive 17 have been put up for tender today, as announced in a press release by the Urban Redevelopment Authority (URA) and Housing and Development Board (HDB) on April 8.
Out of the three sites for sale, two are private residential plots at Dunearn Road and Lakeside Drive, while the other is an executive condominium (EC) site at Woodlands Drive 17. These sites are part of the Confirmed List under the first half of 2025 GLS programme and have a tenure of 99 years.
The first site at Dunearn Road has a land area of 144,238 square feet and a maximum gross floor area (GFA) of 348,549 square feet. It has a gross plot ratio of 2.4 and is expected to yield 380 residential units.
The second site at Lakeside Drive covers a land area of 145,314 square feet and is zoned for residential and commercial use, with the first storey allocated for commercial purposes. It has a gross plot ratio of 3.6 and can potentially yield 575 residential units and 10,764 square feet of commercial space.
On the other hand, the site at Woodlands Drive 17 measures 271,328 square feet and has a gross plot ratio of 1.7. It has a potential yield of 420 residential units with a maximum GFA of 461,259 square feet.
Wong Siew Ying, head of research and content at PropNex, is optimistic that these three sites will attract developers despite the current market uncertainties caused by the US tariffs on its trading partners and the recent plunge in the financial market. She cited the sites’ attractive locations near MRT stations and the robust sales of new homes in recent months as potential factors that may compel developers to replenish their land supply. However, she also anticipates a cautious approach from developers due to the market uncertainties and expects bid prices to be more measured.
Located in the upcoming Stables Commune neighbourhood, the Dunearn Road site is the first private residential plot to be offered in Turf City, the future housing precinct built on the site of the former Bukit Timah Turf City racecourse. It is estimated that up to 20,000 new public and private housing units will be developed in the next 20 to 30 years in this estate.
The site is within walking distance of Sixth Avenue MRT Station (Downtown Line) and is also near the upcoming Turf City MRT Station on the Cross Island Line, scheduled for completion in 2032.
According to Mark Yip, Hutton Asia’s CEO, the last GLS tender in the area took place seven years ago for the Fourth Avenue Residences, a 476-unit development. The site was sold to Allgreen Properties for $533 million or $1,540 psf per plot ratio (ppr) in 2017.
As Fourth Avenue Residences was also the last residential project launched in the area, ERA Singapore’s CEO Marcus Chu expects a significant pent-up demand for homes here due to its location within the sought-after Bukit Timah area and its proximity to popular schools such as the Methodist Girls’ School.
PropNex’s Wong believes that the Dunearn Road site will be highly sought-after by developers due to its first-mover advantage in Turf City. She expects five to six bids for the site, with the top bid projected to be between $1,400 to $1,500 psf ppr.
Meanwhile, Wade anticipates the Lakeside Drive site to also attract a healthy interest from developers due to its excellent location. Situated in the Jurong West area, the site is located next to Lakeside MRT Station on the East-West Line.
The site has a land area of 145,314 square feet and a gross plot ratio of 3.6, making it a potential home for 575 residential units and 10,764 square feet of commercial space. “[We] believe that the future development here will attract home buyers due to its proximity to the MRT station, its walking distance to Jurong Lake Gardens, and its prime location in the JLD [Jurong Lake District], which is set to become the biggest mixed-use business district outside the city centre,” she explains.
Tommy Xiong, ERA Realty’s division director, also notes the low supply of new private homes in the JLD area and predicts that this development will also appeal to buyers. “Of the three available developments in the area – J’Den (93.8% sold), The LakeGarden Residences (71.6%) and SORA (41.6%) – there are only 360 units remaining,” he remarked.
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The third site currently up for sale is the EC site at Woodlands Drive 17, which covers a total area of 271,328 square feet. This site is within walking distance of the Woodlands South MRT Station and has a gross plot ratio of 1.7. It has a potential yield of 420 residential units with a maximum GFA of 461,259 square feet.
ERA’s Chu believes that this site will also receive a significant amount of interest from developers due to the limited supply of fresh ECs in the area for many years. He anticipates a bid range of $1,050 to $1,150 psf ppr from about five to eight bidders.
However, Huttons’ Yip points out that the tender closing for the Woodlands Drive 17 site would coincide with another EC site launched at Senja Close last month. As a result, he predicts a relatively moderate bidding activity for the site with about four to six bidders and a top bid of around $700 to $750 psf ppr.
The tender for the Lakeside Drive, Dunearn Road, and Woodlands Drive 17 sites will close on June 3, June 26, and August 5, respectively.