The Peck Hay Road plot (highlighted in blue) that was launched for tender, can yield about 315 private residences. (Photo: EdgeProp LandLens)
URA has launched the land tenders for two residential sites at Peck Hay Road and River Valley Green (Parcel C) under the government land sales (GLS) programme for the first half of 2026.
According to URA’s release on April 9, the sites are part of the 4,575 residential units under the 1H2026 GLS programme — 50% above the average GLS supply over the past decade.
The site at Peck Hay Road spans 59,347 sq ft, with a gross floor area (GFA) of 290,811 sq ft. Sitting right across the road from Newton MRT Interchange on the North-South and Downtown lines, the Peck Hay Road parcel can potentially yield about 315 residential units.
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Situated in the Core Central Region (CCR), it is one of three other plots currently open for tender, the other two being Holland Plains and River Valley Green (Parcel C).
Other nearby amenities include Newton Food Centre and the Orchard Road shopping belt, while schools such as Anglo-Chinese School (Junior and Primary) within a kilometer of the plot.
Justin Quek, deputy group CEO of Realion (Orange Tee & ETC) Group, says that “this is the second site launched under the upcoming urban transformation of the Newton area”.
The first GLS site launched was at Bukit Timah Road and was awarded in November 2025 to HH Investment, who emerged as the highest bidder out of eight, after submitting an offer of $566.292 million, or $1,820 psf per plot ratio (psf ppr).
Considering the tight competition from eight bidders for the Bukit Timah site, Marcus Chu, CEO of ERA Singapore, says they “might expect to see a corresponding turnout of around six to eight bidders” for this Peck Hay Road site.
Under the URA’s 2025 Draft Master Plan, the space next to Newton MRT Interchange will become an “urban village”. The high-density development will include 5,000 fresh homes around Newton Circus, Scotts Road and Monk’s Hill, supported by amenities at new mixed-use developments and the existing Newton Food Centre.
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“The lack of GLS sites in the vicinity in recent years has resulted in a lack of supply. Hence, there is pent-up demand for non-landed homes in Bukit Timah or Newton vicinity, which ranks amongst the most prestigious addresses in Singapore,” ERA’s Chu adds.
Realion’s Quek says strong sales at recent new launches may give confidence to buyers, as observed from CCR projects such as Newport Residences and River Modern which saw 74.8% and 93.0% sold respectively.
Mark Yip, CEO of Huttons Asia, predicts the site will attract up to five bidders and a top bid between $1,600 and $1,800 psf ppr. Meanwhile, Quek expects four to seven with the highest land rate of $1,650 to $1,750 psf ppr.
The tender for the parcel at Peck Hay Road will close on June 11, at 12pm.
The other plot launched on April 9 is the River Valley Green (Parcel C) site, which measures 123,958 sq ft and has a GFA of 433,854 sq ft.
Located next to Great World City MRT Station on the Thomson-East Coast Line and adjacent to River Valley Primary School, this parcel is expected to yield approximately 470 homes. The plot will also benefit from amenities at Great World Shopping Centre.
As the last GLS site in the Great World area, ERA’s Chu believes this “could pique developers’ interest, being in a residential enclave that has already seen strong demand”.
The neighbouring River Valley Green (Parcel B) garnered five bids when the tender closed in February 2025, at a land rate of $1,420 psf ppr. In March, this site was launched as GuocoLand’s 455-unit River Modern, which saw 93% take-up at an average of $3,266 psf.
Yip posits the exceptional sales at River Modern during launch weekend showed strong latent demand for homes in the River Valley area. “Sales momentum in the CCR is likely to continue as these sites offer deep value to buyers,” he adds.
Additionally, the site is expected to benefit from a strong and sustainable tenant pool, driven by expatriates and professionals working in the CBD.
ERA’s Chu notes developers could be more bullish in their bids, which may come in at “upwards of $1,450 psf ppr”.
Likewise, Huttons’ Yip reckons the site may attract up to five bidders and a top bid between $1,400 and $1,600 psf ppr.
Quek expects four to seven bidders, with the highest land rate likely coming in between $1,500 and $1,600 psf ppr.
The tender for the site at River Valley Green (Parcel C) will close on June 18, at 12pm.
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