The Urban Redevelopment Authority has released two rare Core Central Region residential development sites, at Peck Hay Road and River Valley Green (Parcel C), for sale by public tender on April 9, 2026, under the first-half 2026 Government Land Sales programme, with the two parcels carrying a combined capacity of 785 private homes. The launches reintroduce sizeable private housing opportunities in two tightly supplied central submarkets, namely Newton and River Valley, where recent new-home inventory has remained limited and where completed projects have generally been absorbed. Both sites were placed on the confirmed list of the 1H2026 Government Land Sales programme, meaning they were launched regardless of prevailing market demand.
Two rare CCR sites at Peck Hay Road and River Valley Green could deliver 785 homes into tightly supplied Newton and River Valley.
The Peck Hay Road parcel is situated in District 9 within the Newton-Orchard enclave, near the Newton MRT interchange, and benefits from access to both the North-South and Downtown lines, as well as proximity to Orchard Road and the Novena healthcare hub. The site measures 5,513.5 square metres, carries a maximum gross floor area of 27,017 square metres, and is zoned at a gross plot ratio of 4.9. It is expected to yield 315 private residential units on a 99-year leasehold tenure. The tender for this plot will close on June 11, 2026. The parcel also sits within the area earmarked for the urban village transformation of Newton Circus and Scotts Road under the URA Master Plan 2025.
River Valley Green (Parcel C), positioned opposite Great World MRT station, is the final parcel within the River Valley Green precinct and is capable of accommodating 470 residential units. The site spans 123,955 square feet, while the allowable built area is 433,850 square feet, equivalent to 40,306 square metres. Its tender will close on June 18, 2026. The location places it within an established residential corridor that has recently seen projects such as River Modern, reinforcing its relevance within the broader CCR pipeline. Similar to the Bukit Timah Turf City precinct, River Valley Green forms part of a broader government-led effort to introduce fresh housing supply within established and highly sought-after residential enclaves.
Market expectations indicate measured but competitive participation. Peck Hay Road is projected to attract six to eight bids, with the top bid estimated at S$1,650 to S$1,750 per square foot per plot ratio, while River Valley Green Parcel CParcel Cis expected to draw as many as five bidders, with land pricing forecasts of S$1,400 to S$1,600 per square foot. Analysts attribute this interest to a rebound in CCR luxury home sales, the shortage of fresh supply in both micro-markets, and redevelopment momentum linked to the URA Master Plan 2025, including the Newton Circus transformation area.
