Holland Link GLS Tender Closing in July 2025: Commentary by ERA

SINGAPORE, 29 July 2025 – The tender for the Government Land Sale (GLS) site at Holland Link closed on 29 July 2025. In total, the site drew interest from five bidders, with the top bid of $368.4 million (or $1,432 psf ppr) submitted by Sim Lian Land Pte Ltd and Sim Lian Development Pte Ltd.

“Holland Link’s land rate is also in line with the recently-awarded Dunearn Road parcel, which achieved a price of $1,410 psf ppr. Both sites share similarities – they are located in the CCR and have a relatively modest unit count, making them more accessible options for developers seeking a presence in prime areas without the scale of larger projects.”

“The top bid of $1,432 psf ppr comes in at 22.2% above the second-highest offer, signalling optimism about the site’s potential. As a CCR plot nestled within a tranquil landed enclave and located within the coveted 1km priority enrolment radius of Methodist Girls’ School, it holds a strong appeal for developers targeting various buyer segments.”

“The wide 55.7% price gap between the highest and lowest bidders underscores the prevailing uncertainty among developers amid ongoing global volatility. This reflects a cautious approach to land acquisition, as market headwinds continue to weigh on sentiment.”

“With an expected yield of around 240 units, the Holland Link site is relatively modest in size compared to other GLS offerings. While larger developers may focus their resources on tested locations, this plot offers a strategic entry point for smaller or mid-sized players seeking a smaller site in a prime location, with potentially lower risk.” said Marcus Chu, CEO, ERA Singapore.

 “Year to date, a total of 10 GLS sites have closed in 2025, attracting an average of five bidders per exercise. This is an increase compared to 2024, which saw 15 sites closed with an average of three bidders. This indicates that more developers are proactively trying to secure sites to replenish their land banks, amid a dwindling land stock.” Chu added.

“The future development would likely be a more high-end project, marketed towards homebuyers that might be familiar with, or have grown up in the surrounding private residential enclave. For these buyers, this upcoming project could present an attractive opportunity to right-size or upgrade to a new home within a familiar locale.”

For media enquiries, please contact:

Lisha Rodney
Public Relations Manager, ERA Singapore

Email: [email protected]

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