Commentary on the closing of GLS site at Dorset Road
SINGAPORE, 9 October 2025 – “The participation of nine bidders is tied with Dunearn Road for the highest number of bidders in a GLS exercise in 2025. The strong bidding activity indicates improved developer confidence, supported by the healthy sales results of recent new launches and the site’s appealing locational features,” said Marcus Chu, CEO, ERA Singapore.
“The 1% price gap between the two highest bids indicates strong developer confidence in Dorset Road’s potential. Dorset Road has not seen a residential plot of this size released since 2021. The mid-sized site provides ample space to accommodate a full range of facilities, which will appeal to homebuyers in an area mainly characterised by boutique developments.”
“Many of the site’s attributes are likely to attract local homebuyers. The site provides exceptional convenience, with Farrer Park MRT Station within walking distance in less than ten minutes. It is also within 1 km of popular primary schools such as St. Joseph’s Institution Junior, Hong Wen School, and Farrer Park Primary.”
“The highest bid of $1,338 psf ppr is still below The Orie, which was awarded at $1,380 psf ppr in October 2023, given Dorset Road’s more centralised location. Based on $1,338 psf ppr, the average unit prices for homes in the upcoming development could range from $2,650 to $2,750 psf.”
“Sites capable of supporting a mid-sized development are scarce in the area, with the only recent example being the 407-unit Piccadilly Grand located on Northumberland Road. It was awarded in 2021, and until the opening of Dorset Road, there has been no other GLS site of similar scale for sale in the area.”
“This scarcity indicates a clear opportunity for developers to capitalise on the existing pent-up demand for larger, mid-sized projects. During its debut weekend in 2022, Piccadilly Grand achieved a 77% take-up rate (315 out of 407 units), signalling strong interest in bigger projects within the neighbourhood.”
First RCR site tender to close in 2025
“Dorset Road is the first RCR site to be open for tender among GLS site offerings in the 1H and 2H 2025 Confirmed List. As such, its positive reception could influence bidding activity and strategies for other open sites.”
“Within the RCR, potential targets include Telok Blangah Road, Tanjong Rhu Road, and Kallang Avenue, which will open for tender by the end of the year. Telok Blangah will be the first private residential site to initiate the Greater Southern Waterfront transformation. While Tanjong Rhu Road and Kallang Avenue are positioned to capitalise on pent-up demand due to a lack of new private home supply in the vicinity.”
“These RCR sites are likely to attract developers because of their desirability and the limited availability of private residential plots on the city fringe.”
For media enquiries, please contact:
Lisha Rodney
Public Relations Manager, ERA Singapore
Email: Lisha.Rodney@era.com.sg
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