URA’s Latest Land Bonanza: More Bids Than You’d Think!
On November 2022 the Urban Redevelopment Authority (URA) wrapped up a hot‑ticket tender for two prime parcels: Bukit Timah Link and Hillview Rise. These sites were actually the first in the H2 GLS Confirmed List to open the floor to bids back on 13 August 2022.
Bukit Timah Link – Five Sparks Fired Off
- Bidder: Bukit One (a happy little arm–of‑Bukit Sembawang Estates) – SG$200 million
- Unit price: SG$1,343 per square foot (ppr)
Hillview Rise – Four Bids, One Standout
- Highest Bid: Far East Organisation & Sekisui House – SG$320.78 million
- Unit price: SG$1,024 per square foot (ppr)
Why All These Eyes Are on These Small Parcels
Steven Tan, the big boss at OrangeTee & Tie, popped on the scene and said the deal has been “healthy.” He pointed out: “These parcels are bite‑size, so developers don’t have to wrestle with the giant‑lake‑of‑risks type of projects.” “They’re tucked beside MRT stations with a buffet of amenities—make that a win-win.” And because the neighborhood has a limited supply of landed hubs, developers are pretty confident their projects will find buyers faster than a treadmill sprint.
Plus, the tender closes on the back of recently rolled‑out cooling measures and a tweak to how “gross floor area” is calculated—making the job a bit easier for anyone looking to throw a punch into the market.
Bukit Timah Link site
Get ready for a tiny slice of paradise at Bukit Timah Link!
Picture a cozy 4,611.1 sqm workspace tucked right where you can pop a coffee and stroll to the Beauty World MRT—no need to wrestle the traffic beast.
Why it’s a hottip for developers
- Space that makes sense: 13,834 sqm of gross floor area—just enough for your dream builds without the endless expanse that feels like a labyrinth.
- Unit swagger: Expect about 160 units. Think of it as a boutique shop—tight, intimate, but with room to flourish.
- Location Vibes: Distance to Beauty World MRT is “walkable” in the literal sense—you’re actually able to hit the station without feeling like a marathon.
Bottom line—plant trade, rock on!
With sweet layout, capital space, and a friendly MRT neighbor, Bukit Timah Link looks poised to become the next go-to spot for developers craving both convenience and character. Ready to dive into a project that’s looking plant-ful and practical? This site might just be your green thumb’s best play.
Snagging the Tiny Gem Behind Beauty World
Picture this: a cozy little piece of land tucked right behind The Linq @ Beauty World and staring straight at the upcoming The Reserve Residences on Jalan Anak Bukit. The Linq @ Beauty World has already sold out—so you’re left with the little real‑estate feast—while The Reserve Residences is set to make its debut in Q1 2023.
Why Bidders Are Buzzing
Lee Sze Teck, Senior Director of Research at Huttons Asia, painted a picture of irresistible appeal:
- Compact size and affordable price per square foot drew the crowd.
- Surrounded by happy perks: MRT, expressways, and the scenic Bukit Timah Nature Reserve.
- Got a rail corridor right next to it—perfect for future commuters.
- Pei Hwa Presbyterian Primary School is only a short walk away, making it a family‑friendly hotspot.
The Upcoming Jam‑Band of Amenities
Tan—always the hype‑reader—added a dash of excitement:
- A shopping mall and transport hub are on the horizon, a solid selling point.
- Mix of retail space and community areas will make the area feel alive.
Projected Price Tag
Expect the final price to swing between $2,300 and $2,400 per square foot, just enough to keep you at a cozy but premium level.
Hillview Rise site
Hillview Rise: A Neighborhood Gem
Picture this: a sprawling plot of 10,395.2 sqm, towering up to 29,107 sqm of gross floor area, and the sweet promise of 335 cozy units waiting to be filled. That’s Hillview Rise in a nutshell.
Location, Location, Location
- Just a quick stroll to the Hillview MRT.
- Right next door to the friendly Hillview Community Club.
- And for the fashion-forward, HillV2 and The Rail Mall are just a hop, skip, and a jump away.
Why It Matters
With such a generous footprint and prime spot near essential amenities, investors and future residents alike get a killer combo of space and convenience.
Final Thoughts
Whether you’re eyeing a solid investment or craving a new place to call home, Hillview Rise is the spot to be.
Hillview’s Hidden Sweet Spot: Why Developers Could Be Playing A Winning Hand
Lee tossed a quick insight: Midwood is sold out, leaving Hillview free of direct rivals. That’s basically a power‑play for the new site’s developer, who can now set the price like a DJ drops the next beat.
Key Takeaways
- Midwood’s Sold‑Out Status – No competition knocks Hillview’s foot out of the gate.
- Distance Matters – Tan points out Dairy Farm Walk is too far to bite the same market.
- Dairy Farm Walk Success – 7 bids, Sim Lian wins for $347 million ($980 per sqft).
- Hillview Rise Projection – Expect a sweet spot between $1,950 and $2,050 per sqft.
How the Numbers Stack Up
The Dairy Farm Walk site already raked in a decent $347 million, showing the area’s strong appetite. Hillview, meanwhile, is slated to fetch a premium thanks to a clean competitive lap.
Remember: First Published on 99.co
All these juicy details came straight from 99.co, with help from the Urban Redevelopment Authority (URA) experts. If you’re eyeing a fresh project, Hillview’s pricing strategy is definitely worth a second look.
