Dorset Road GLS Tender Launch in June 2025: Commentary by ERA

SINGAPORE, 24 June 2025 – The tender for the Government Land Sale (GLS) site at Dorset Road launched today on 24 June 2025. It is the first site to be launched in the vicinity since Northumberland Road (Piccadilly Grand) was sold in May 2021 for $1,129 psf ppr.

With an estimated site area of 1.03ha, Dorset Road is projected to contain 425 units. The tender for the site will close on 9 October 2025.

Attractive neighbourhood location near Farrer Park MRT

Marcus Chu, Chief Executive Officer, ERA Singapore said: “Being a short walk away from Farrer Park MRT station, the Dorset Road site holds promise as a convenient location for future residents. This proximity ensures ready access to key interchange stops on the North-South and North-East lines, such as Little India and Dhoby Ghaut stations.”

“Daily convenience is assured by nearby retail amenities like City Square Mall, Mustafa Centre, and Tekka Market. The site is also likely to fall within a 1km radius of popular schools such as St. Joseph’s Institution Junior, Hong Wen School and Farrer Park Primary School.”

Brownfield site nearby could see future development as a sports hub and HDB estate

“In addition to the Dorset Road site, Farrer Park presents another opportunity with a 10-ha brownfield site ripe for development. This site is being considered for a future sports hub, and could also potentially yield 1,600 new HDB flats.”

“Just 500m or seven minutes on foot from Dorset Road, this future sports hub could become a key amenity and social hub for Farrer Park’s residential communities.”

Potential sources of buyer demand in HDB upgraders and landed right-sizers

“Given the Dorset Road site is located within an established estate in the city fringe, demand for its future development could come from OCR condo-dwellers looking to stay closer to the city.

“We can anticipate significant demand from HDB upgraders, judging by the buyer profiles of past launches. For instance, Uptown @ Farrer saw 40.9% of its buyers coming from HDB households when it launched in 2019. This is likely due to the growing number of million-dollar HDB flat transactions in the Central Region, which has empowered upgraders to pursue private homes in the same locale.”

“Right-sizers from nearby landed enclaves might also be drawn to the site’s future development as a potential housing option.”

“Considering the median resale price of landed homes in District 8 (D8), we observed that right-sizers can comfortably afford a new non-landed private home nearby. The most recent new launch in D8, Picadilly Grand, recorded median selling prices of around $1.7M. This is considerably less than the median resale price of $4.65M for D8 landed homes in 2024.”

Previous strong performance of new launches in District 8

“During its launch weekend in 2022, Picadilly Grand achieved a strong take-up rate of 77% at an average price of $2,150 psf. This encouraging take-up rate, combined with the scarcity of new launches nearby, could signal healthy buyer interest for the future Dorset Road project.”

For media enquiries, please contact:

Ning Peh, Senior Marketing Communications Manager, ERA Singapore

Email: [email protected]

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