As the Urban Redevelopment Authority releases three 99-year leasehold private residential sites at Lentor Central, Kallang Close, and Dunearn Road under the confirmed list of the 2H 2025 Government Land Sales programme, developers are positioning to secure what market analysts characterize as the final key condominium supply injections for the year.
The three parcels carry a combined estimated yield of approximately 1,360 units, contributing to the 4,725 private homes available on the confirmed list for the second half of 2025, with URA stating the sites are positioned to cater to housing demand and maintain market stability.
The Dunearn Road parcel, situated within the upcoming Bukit Timah Turf City housing estate, spans approximately 19,041.6 square metres with a maximum gross floor area of 30,467 square metres, yielding an estimated 330 private residential units.
The site requires at least 600 square metres of GFA for a childcare centre and permits up to 1,400 square metres for commercial uses, including a supermarket of at least 1,000 square metres.
Proximity to Sixth Avenue MRT station on the Downtown Line enhances connectivity to the central business district and the broader Bukit Timah corridor, an enclave associated with established schools, greenery, and premium residential positioning.
Analysts project up to 10 bids for the site, with top bid expectations ranging between S$1,350 and S$1,450 per square foot per plot ratio, referencing the adjacent GLS site that closed in June 2025 with nine bids and a top bid of approximately S$1,410 psf ppr. Demand in the Dunearn area remains elevated due to pent-up interest and a prolonged absence of new private development land in the locality.
The Kallang Close parcel represents the first private residential GLS site in the immediate vicinity of Kallang MRT station.
It comprises approximately 11,456.8 square metres with maximum GFA of 40,099 square metres and an estimated yield of 470 units.
At least 500 square metres of GFA is safeguarded for a childcare centre.
Positioned along Kallang River in alignment with URA’s waterfront rejuvenation plans, the city-fringe location offers proximity to the CBD and Sports Hub.
Market analysts anticipate up to seven bidders competing for this parcel, with indicative top bid forecasts reaching approximately S$1,450 psf ppr, potentially establishing a benchmark for private residences in the area. Foreign buyers acquiring properties in such developments face an Additional Buyers Stamp Duty of 60% for residential properties as of 2025.
