City Developments Ltd (CDL) has secured the Woodlands Drive 17 Executive Condominium site in District 25, North Region, through a Government Land Sales (GLS) tender with a record land bid of S$782 per square foot per plot ratio (psf ppr), totaling S$360.9 million.
The acquisition, finalized in August 2025, represents a significant development commitment in Singapore’s northern corridor and reflects heightened competitive interest in the Executive Condominium segment.
The site encompasses approximately 25,207 to 26,980 square meters across 2.5 to 2.7 hectares, with an anticipated yield of 420 to 435 units configured in three to five bedroom formats.
Operating under a 99-year leasehold tenure, the project incorporates a plot ratio of 1.7, establishing moderate-rise residential density appropriate for the location.
CDL’s substantial land acquisition positions the developer to establish new pricing benchmarks within the EC market segment, particularly given the current supply scarcity in Woodlands and surrounding northern precincts. The comprehensive condo facilities and functional unit layouts, featuring point block design with 4 units per floor, will differentiate the development in the competitive market.
The development timeline indicates a 15-month post-tender cooling period preceding the anticipated project launch in late 2026, specifically Q4 2026.
This temporal framework aligns with the 2H2025 government land sales program and demonstrates the structured approach governing large-scale residential development in Singapore’s strategic growth areas. The no upcoming EC projects in the North Region pipeline further underscore the urgency of this development opportunity.
The site’s strategic positioning near Woodlands South MRT station on the Thomson-East Coast Line, combined with proximity to established shopping destinations including Vista Point and Causeway Point, enhances accessibility and lifestyle connectivity for prospective residents.
Market dynamics underscore strong demand fundamentals for the project.
Median EC pricing in 2025 reached S$1,700 psf, reflecting an increase from S$1,538 psf in 2024, indicating robust market sentiment. The robust demand for waterfront properties across Singapore demonstrates the premium investors place on unique residential developments with distinctive geographical advantages.
First-time buyers remain eligible for CPF grants up to S$30,000 subject to income ceilings of S$16,000, while HDB upgraders benefit from exemption of Additional Buyer Stamp Duty, thereby expanding the qualified buyer base.
The concentration of educational institutions, healthcare facilities, and recreational amenities throughout the surrounding precinct strengthens the development’s market appeal.
CDL’s substantial financial commitment and aggressive land pricing strategy signal confidence in Woodlands’ trajectory as a significant growth precinct, with potential spillover benefits to adjacent residential neighborhoods and broader northern region development initiatives.
