The sprawling Hillcrest Arcadia development, situated in Singapore’s prestigious District 11, has been officially launched for collective sale with a substantial reserve price of S$920 million.
The collective sale initiative, which commenced on April 3, 2025, represents a significant opportunity for redevelopment in the coveted Bukit Timah enclave, with the reserve price translating to approximately S$2,565 per square foot per plot ratio, inclusive of lease top-up costs and development charges.
Launched April 2025, this prime District 11 opportunity commands S$2,565 psf ppr, reflecting its premium Bukit Timah positioning.
Built on a sizeable 442,162 square foot land parcel along Arcadia Road, the 99-year leasehold property, which dates from 1975, has approximately 50 years remaining on its tenure. The development currently comprises 272 units, all of which have participated in the collective sale exercise, demonstrating strong owner consensus for the en bloc process.
Under the Urban Redevelopment Authority‘s Master Plan, Hillcrest Arcadia is zoned for residential use with a gross plot ratio of 1.6, allowing potential developers to explore various redevelopment options including luxury condominiums or landed housing configurations.
The property’s exceptional location near prestigious educational institutions, including Nanyang Primary School and Hwa Chong Institution, further enhances its development potential. Properties in this educational hub typically command premium prices, with neighborhoods featuring strong schooling options likely to experience greater value appreciation over time.
The site offers extraordinary value with potential for redevelopment into up to 773 new residential units, making it especially attractive to developers seeking large-scale projects.
Market analysts note that surrounding property values in the area typically range from S$900 to S$1,600 per square foot, positioning the en bloc sale price as reflective of the site’s premium location and significant redevelopment potential.
The timing of this sale aligns with renewed developer interest in Singapore’s collective sale market, particularly for sites in established residential districts. The tender will close on May 22, 2024, giving potential buyers adequate time to evaluate this promising investment opportunity.
Despite its attractive location, potential investors must consider several factors, including the costs associated with lease top-up, development charges, and ongoing property cooling measures implemented by the government.
The property’s proximity to both MacRitchie Reservoir and Bukit Timah Nature Reserve, coupled with excellent connectivity via the Pan Island Expressway, nonetheless presents a compelling proposition for developers targeting high-net-worth clientele seeking luxury residences in Singapore’s prime residential enclave.
