First Greater Southern Waterfront Residential Site in 35 Years: Plot Could Spark Fierce Bidding War Among Developers

A fresh chapter has begun for the residential landscape of the Greater Southern Waterfront. The Urban Redevelopment Authority (URA) recently launched three Government Land Sales (GLS) sites for tender, with market attention firmly focused on the residential parcel along Telok Blangah Road — the very first private residential plot released in the Greater Southern Waterfront.

This parcel carries immense significance: not only is it the first government land sale site launched in Telok Blangah in 35 years since Harbour View Towers, but it also serves as the trailblazer for residential development in this prime waterfront belt.

Rare Waterfront Living + Proximity to CBD + MRT Station: A Triple Advantage

Spanning an area of approximately 147,000 sq ft with a plot ratio of 4.7—the highest among the three launched parcels—the site can yield around 1,745 residential units and must incorporate a childcare centre spanning no less than 600 sq m. Enjoying an exceptional location just minutes' walk from Telok Blangah MRT station, the site commands views of the southern coastline and sits in close proximity to the Central Business District (CBD), offering both lifestyle convenience and compelling investment appeal.

As the maiden residential parcel released in the Greater Southern Waterfront, its first-mover advantage, inherent scarcity, and panoramic views are set to command a market premium.

However, the upcoming Master Plan 2025 could potentially adjust plot ratios in neighbouring precincts, which may affect the site's relative scarcity — a factor developers will take into account.

Prudent Market Sentiment, Yet Healthy Competition Anticipated

Despite prevailing conservative market sentiment, developers have exhibited robust interest in the site. Market analysts widely project four to 10 bids, with land prices estimated between S$1,200 and S$1,350 per square foot per plot ratio (psf ppr), underscoring its enduring market draw.

In contrast, the other two sites launched in this exercise — Dorset Road in Little India (425 units) and Upper Thomson Road (Parcel A) which was not awarded last year (595 units) — offer distinct location and development merits, yet have garnered far less market buzz than Telok Blangah.

The Genesis of Waterfront Living: A Broader Blueprint Takes Shape

As the government progresses with the Greater Southern Waterfront master plan, this debut parcel represents not just a single residential project, but heralds an urban lifestyle transformation and the reshaping of the prime waterfront living landscape over the coming years.

Industry watchers foresee that once completed, the development will anchor a dynamic new residential corridor alongside future public and private housing in the vicinity, drawing interest from young professionals, multi-generational families, and international investors alike.

Tender Closing: 4 November 2025 at 12:00 PM

For property developers, this represents far more than a typical land tender; it is a strategic stake on future urban growth and city planning.