For subscribers
News analysis
New Draft Master Plan could reignite developers’ interest to buy land
Sign up now: Get ST's newsletters delivered to your inbox
Bukit Timah Turf City, a key housing area, had one of the most hotly contested tender exercises in recent years.
PHOTO: URBAN REDEVELOPMENT AUTHORITY
Follow topic:
- Draft masterplan boosts public land sales by giving developers clarity on future development plans in areas like Dover-Medway and Paya Lebar.
- New housing districts, like Dover-Medway, could see thousands of new homes, attracting developers due to strong selling points and location.
- Flexible land use, including white sites, allows developers to mitigate risk, but location-specific factors like buyer stamp duty impact interest.
AI generated
SINGAPORE – The release of the Draft Master Plan 2025 appears to have reignited developers’ interest in banking land for development, as borne out in part by strong bids for a Bukit Timah Turf City plot on June 26.
That tender exercise, which drew nine bids and better-than-expected bid prices
