Telok Blangah Road GLS Tender Launch in June 2025: Commentary by ERA

SINGAPORE, 24 June 2025 – The tender for the Government Land Sale (GLS) site at Telok Blangah Road launched today on 24 June 2025. It is also the first plot to be launched for private housing development at the former Keppel Club.

With an estimated site area of 4.7ha, the future Telok Blangah Road development is projected to house 740 units. The tender for the site will close on 4 November 2025.

First-mover advantage in line with development of new housing precinct and Greater Southern Waterfront

Marcus Chu, Chief Executive Officer, ERA Singapore said: “Telok Blangah Road marks the first private residential site within the Greater Southern Waterfront (GSW), and will offer future homeowners a clear first-mover advantage. By launching ahead of other private housing supply, the site’s future development will enjoy a head start in capital appreciation as plans for the Greater Southern Waterfront unfold.”

“These future private homes will also be joined by some 6,000 Build-to-Order (BTO) flats in anchoring a new township. Other than kickstarting the GSW’s development, this HDB supply could also provide a viable exit strategy for private homeowners looking to right-size or cash out.”

Potential HDB upgrader demand from mature estates

“Future private homes at Telok Blangah Road could draw keen upgrader demand from HDB residents from nearby estates in Bukit Merah and Queenstown. This is considering that the site sits within a young and promising precinct with long-term growth potential.”

“In 1Q 2025, the average resale prices of 5-room flats in Bukit Merah and Queenstown reached $1 mil and $1.2 mil respectively, potentially giving HDB upgraders the means to enter the private market.”

Attractive locational attributes with public transport, retail amenities, and green spaces

“The site is just a five-minute walk from Telok Blangah MRT station, which connects directly to HarbourFront interchange on the Circle and North-East Lines.”

“With the completion of the Circle Line 6 (CCL6) extension by the first half of 2026, residents could also benefit from a fully-connected loop as the gap between Harbourfront and Marina Bay MRT stations will be closed.”

“Thanks to its proximity to extensive natural and waterfront amenities, the site is well-positioned to attract nature lovers. In line with GSW plans, about 20% of the site will also be set aside for parks and open spaces.”

Market challenges posed by growing economic headwinds and ample supply

“While the site holds strong potential and appeal, developers are expected to approach the site tender with measured optimism. Two major factors may moderate bid aggressiveness, namely economic headwinds and the growing supply pipeline of private housing alongside existing stock.”

“As of mid-May, current unsold stock of private homes from 1Q 2025 stands at 18,270 units. This is accompanied by an approximate 8,415 units from the 2H 2024 and 1H 2025 GLS sites, as well as 6,338 units from upcoming new launches through 2026. Collectively, these figures amount to a potential supply of around 33,024 private residential units.”

“Though less prominent of a concern, the estimated 740 units at the Telok Blangah site also represents a sizable undertaking. This could entail substantial development outlay, which potential bidders are likely to factor into their considerations.”

For media enquiries, please contact:

Ning Peh, Senior Marketing Communications Manager, ERA Singapore

Email: [email protected]

Disclaimer

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