City Developments Ltd (CDL), in partnership with Hong Realty, has emerged as the highest bidder for the coveted Government Land Sales (GLS) site at Peck Hay Road, reinforcing developers' confidence in the long-term transformation of Singapore's Newton district. The 80:20 joint venture submitted a top bid of S$542.4 million, translating to S$1,865.15 per square foot per plot ratio (psf ppr) for the 99-year leasehold site. The winning bid surpassed the second-highest offer by approximately 8.4 per cent, reflecting the consortium's strong conviction in the site's development potential. Strong Vote of Confidence in Newton's Transformation The Peck Hay Road site is the second GLS parcel released as part of the Urban Redevelopment Authority's (URA) ambitious masterplan to rejuvenate the Newton area into a vibrant mixed-use residential neighbourhood. Over the next 10 to 15 years, approximately 5,000 new private homes are expected to be introduced around Newton Circus, Scotts Road and Monk's Hill. Although the tender attracted only four bids compared to eight for the neighbouring Bukit Timah Road GLS site last year, analysts believe the winning bid demonstrates continued optimism towards the Central Core Region (CCR) residential market. Notably, CDL and Hong Realty's offer exceeded the nearby Bukit Timah Road GLS site's land rate of nearly S$1,820 psf ppr, achieved in November last year, by around 2.5 per cent. A Landmark Residential Development The consortium intends to develop a striking 39-storey residential tower comprising approximately 380 private homes, significantly higher than the 315-unit estimate initially indicated when URA launched the site for tender. According to CDL Group Chief Executive Officer Sherman Kwek, the development aims to become a distinctive residential landmark that contributes to the next phase of Newton's transformation. The project will feature extensive landscaping, lush greenery and thoughtfully designed communal spaces that promote urban liveability while complementing the evolving character of the neighbourhood. Premium Pricing Expected Property consultants expect the future development to be launched at an average selling price ranging between S$3,400 psf and S$3,900 psf, reflecting the site's prime location and limited supply of new homes in the prestigious Newton and Orchard precinct. Recent successful launches within the CCR, including projects near Orchard Boulevard and Great World MRT station, have demonstrated sustained demand from both local and foreign buyers seeking premium city-centre residences. Excellent Connectivity and Family Appeal One of the key attractions of the Peck Hay Road site is its exceptional connectivity. Located just a short walk from Newton MRT Interchange, residents will enjoy seamless access to both the North-South and Downtown MRT lines, providing convenient travel across Singapore. The development also enjoys close proximity to several highly sought-after schools, including: Anglo-Chinese School (Junior) St Joseph's Institution Junior Singapore Chinese Girls' School (Primary) River Valley Primary School St Margaret's School (Primary) Farrer Park Primary School These educational institutions are expected to enhance the project's appeal among families seeking homes within established school catchments. Additional Development Requirements Beyond constructing the residential project, the successful developer will also undertake several public infrastructure improvements required under the tender conditions. These include: Building a covered pedestrian linkway to Newton MRT station. Constructing an extension of Peck Hay Road. Relocating an existing bus stop along Scotts Road. Widening part of Anthony Road. While these additional works will increase overall development costs, industry observers note they will significantly enhance accessibility and improve the surrounding urban environment. Outlook The successful Peck Hay Road tender highlights continued confidence among major developers in Singapore's luxury residential market despite higher construction costs and a more selective bidding environment. As URA gradually rolls out thousands of new homes in the Newton precinct over the coming decade, the area is poised to evolve into one of Singapore's most attractive city-fringe residential districts. With its prime location, excellent transport connectivity, proximity to renowned schools and comprehensive urban renewal plans, the future Peck Hay Road development is expected to become one of the most closely watched condominium launches in the Central Core Region over the next few years.

A unit at Limau Villas was just sold for a record-high of $3.36 million ($1,816 psf). The 99-years leasehold of Limau Villas started in 1996, leaving it with as remaining 69 years lease and it is located along Limau Rise. This 172 sqm unit has a land size equivalent to 1,851-sq ft. The recent property transaction surpassed the previous record high in Limau Villas. In October 2025, a 1,723 sq ft unit was sold for $2.79 million ($1,617 psf). These two resale private residential transactions surpassed 2024's record high of $2.72 million ($1,683 psf), which was set by a terrace sold in September 2024.It is a smaller unit withe a floor area of 1,614 sq ft. and it has a 99 years lease. Limau Villas is an exclusive 99-year leasehold landed housing development located along Limau Terrace and Limau Rise in Singapore's District 16. Developed by Tuan Sing Holdings and completed in 1998, the project comprises just 56 three-storey terraced houses, offering residents a peaceful and private living environment within an established residential neighbourhood. Designed for families seeking generous living space, most homes feature four to five bedrooms, spacious living and dining areas, private car porches, and practical layouts with land sizes generally ranging from 1,600 to 1,850 square feet. The development combines the comfort of landed living with excellent accessibility to key amenities. Limau Villas enjoys a strategic location close to Tanah Merah MRT Station, East Coast Park, Changi Business Park, and Singapore Changi Airport. Residents also benefit from convenient access to the Pan Island Expressway (PIE) and East Coast Parkway (ECP), making travel to the Central Business District and other parts of Singapore quick and efficient. Nearby shopping centres, schools, supermarkets, and dining options further enhance its appeal. Although leasehold, Limau Villas remains a sought-after landed development due to its limited supply, tranquil surroundings, spacious homes, and connectivity. It presents an attractive opportunity for families and buyers looking to enjoy landed living in Singapore's popular eastern region at a relatively accessible price point. You can check all the transactions (and more) for Limau Villas using our research tools. The terrace should appeal to parents with school-going children, as they are within walking distance of several schools, including Red Swastika School, St Anthony's Canossian Primary School, Tampines Primary School, Anglican High School, Saint Anthony's Canossian Secondary School (SACSS) and Changkat Changi Secondary School. Nearby subway stations include Tanah Merah, Bayshore and Expo. Shopping can be done in places like Giant Supermarket - Bedok Market Place, FairPrice New Upper Changi Rd and Sheng Siong Supermarket.

A 3 bedrooms unit at Chatelet was just sold for a record-high of $3.45 million ($2,180 psf). This is a freehold condominium and is located along Margoliouth Road. This unit is on the 1st to 5th floor range and its floor area is equivalent to 1,582-sq ft. The recent property transaction surpassed the previous record high in Chatelet. In February 2025, a 3 bedrooms unit was sold for $2.88 million ($2,074 psf). That unit measures 1,388 sq ft and is locate on the 6th to 10th floor range. These two resale private residential transactions surpassed 2020's record high of $2.56 million ($1,843 psf), which was set by a unit sold in December 2020.It is a similar size with floor area of 1,388 sq ft. it is located on the 6th to 10th floor range. The Chatelet is a boutique freehold condominium located at 16A and 16B Margoliouth Road in Singapore's prestigious District 10. Completed in 1993 by JDC Holdings Pte Ltd, the development comprises just 45 exclusive units across a 14-storey residential tower. Although it is situated within a tranquil landed housing enclave, The Chatelet is a condominium rather than a landed property. The development enjoys an excellent location within walking distance of Stevens MRT Interchange, providing convenient access to both the Downtown and Thomson-East Coast MRT lines. It is also close to Orchard Road, the Singapore Botanic Gardens, and renowned schools such as Singapore Chinese Girls' School, making it an attractive choice for families. Residents benefit from a range of facilities including a swimming pool, gymnasium, squash court, barbecue area, playground, covered parking, and 24-hour security. One of The Chatelet's key selling points is its spacious apartment layouts, with units significantly larger than those found in many newer condominium developments. As a freehold property in a prime residential district, The Chatelet offers long-term ownership value and exclusivity. While the development is more than 30 years old, its low-density environment, generous living spaces, and prime location continue to appeal to homeowners and investors seeking a peaceful yet well-connected address in one of Singapore's most sought-after neighbourhoods. You can check all the transactions (and more) for Chatelet using our research tools. The condominium should appeal to parents with school-going children, as they are within walking distance of several schools, including DIMENSIONS Primary School (Orchard Campus), SJI Thomsonpickup, Anglo-Chinese School (Primary), CHIJ Secondary School, Queensway Secondary School and ACS (Barker Road). Nearby subway stations include Stevens, Botanic Gardens and Napier. Shopping can be done in places like Cold Storage Alocassia, CS Fresh @ Cluny Court and FairPrice Finest.

The Housing and Development Board (HDB) has launched 6,952 Build-to-Order (BTO) flats across seven projects in its June 2026 sales exercise, headlined by two highly anticipated Prime developments in Bishan and Bukit Merah that are expected to attract exceptionally strong demand. The launch marks a significant milestone for homebuyers, particularly with the introduction of Lakeview Cascadia in Bishan, the first new public housing development in the Lakeview estate in more than four decades. Located near the scenic MacRitchie Reservoir, the project will offer 1,221 units and is the first of two planned BTO developments for the area. Prime Projects Take Centre Stage The June exercise features two Prime projects: Lakeview Cascadia (Bishan) – 1,221 units with a 10% subsidy clawback Berlayar Rise (Bukit Merah) – subject to a 14% subsidy clawback As Prime developments, both projects receive higher government subsidies to maintain affordability but are accompanied by stricter resale conditions. Buyers will be required to fulfil a 10-year Minimum Occupation Period (MOP) before selling their flats and must repay part of the additional subsidy through the subsidy clawback upon resale. Industry analysts expect both projects to be among the most sought-after launches this year due to their mature estate locations, excellent connectivity and long-term investment appeal. Two Plus Projects in Ang Mo Kio The exercise also includes two Plus projects in Ang Mo Kio: Kebun Baru Ridge Kebun Baru Breeze Both developments carry an 8% subsidy clawback, reflecting the additional housing subsidies provided for these attractive city-fringe locations. Completing the launch are three Standard projects located in Sembawang and Woodlands, giving homebuyers a broad range of options across different price points. HDB Flat Prices in June 2026 BTO Exercise Town Project Flat Type Selling Price (Excluding Grants) Selling Price (Including Grants^) Transacted Prices of Resale Flats Nearby# Standard Projects Sembawang Sembawang Portico~   Sembawang Brook~ 2-room Flexi From $139,000 From $19,000 $322,000  - $390,000 3-room From $250,000 From $145,000 $500,000 - $528,888 4-room From $302,000 From $222,000 $600,000 - $680,000 5-room From $420,000 From $365,000 $685,000 - $820,000 3Gen From $468,000 From $413,000; - Woodlands Woodgrove Acres 2-room Flexi From $137,000 From $17,000 $365,000 - $423,000 3-room From $260,000 From $155,000 $510,000 - $556,000 4-room From $353,000 From $273,000 $650,000 -$750,000 5-room From $472,000 From $417,000 $777,000 - $815,188 Plus Projects Ang Mo Kio Kebun Baru Ridge Kebun Baru Breeze 2-room Flexi From $191,000 From $71,000 - 3-room From $380,000 From $290,000 - 4-room From $543,000 From $488,000 $830,000 - $1,080,000 Prime Projects Bishan Lakeview Cascadia 2-room Flexi From $216,000 From $96,000 - 4-room From $534,000 From $479,000 $840,000; - $950,000   Bukit Merah   Berlayar Rise 2-room Flexi From $247,000   From $127,000  - 3-room From $435,000 From $345,000 $740,000  -$771,000 4-room From $592,000 From $537,000 $938,888 - $1,068,000 Enhanced Priority for Larger Families To better support larger families, HDB has enhanced the Third Child Priority Scheme (TCPS) with effect from this exercise. The allocation quota under the scheme has been doubled from up to 5% to up to 10% for both BTO and Sale of Balance Flats (SBF) exercises. The scheme has also been expanded to include families who are expecting their third child. Announced earlier this year during the Committee of Supply debate, the enhanced TCPS applies to both first-time and second-time applicants, reinforcing the Government's commitment to supporting larger families in securing public housing. Faster Move-In Options Available Homebuyers seeking quicker completion may consider several shorter waiting time projects. HDB is offering: 2,035 flats at Sembawang Portico and Sembawang Brook, both with waiting times of less than three years. 485 flats at Kebun Baru Ridge, with an estimated waiting time of approximately three years and one month. These projects provide attractive alternatives for buyers who wish to move into their new homes sooner. More Two-Room Flexi Flats for Singles and Seniors To cater to first-time singles and senior applicants, HDB is offering approximately 2,300 two-room Flexi flats, representing nearly one-third of all units in this exercise. The flats are spread across six of the seven projects and form part of HDB's commitment to launch 20,000 two-room Flexi flats between 2026 and 2028, providing more housing options for smaller households. Eligible first-time families can also receive housing grants of up to S$120,000, helping to keep home ownership affordable despite rising construction and land costs. October BTO Exercise to Offer Nearly 8,000 Flats Looking ahead, HDB announced that approximately 7,960 flats will be launched during the October 2026 BTO exercise across: Bedok Geylang Sembawang Tengah Toa Payoh Yishun The highlight will be two new developments beside Bayshore MRT Station in Bedok, which will collectively offer around 2,500 flats. HDB will also introduce Community Care Apartments in Toa Payoh, an assisted-living housing concept that combines senior-friendly homes with integrated care and support services. The agency reaffirmed its commitment to meeting housing demand, stating that it remains prepared to launch more than 55,000 flats between 2025 and 2027, should market conditions require. Applications Open Until 24 June Applications for the June 2026 BTO exercise are open until 24 June 2026 via the HDB Flat Portal. Applicants must possess a valid HDB Flat Eligibility (HFE) letter before submitting their application. Outlook: Strong Competition Expected Property analysts expect competition to be particularly intense for the Prime projects at Bishan and Bukit Merah. Both locations are situated in mature estates with strong transport connectivity, established amenities and limited future housing supply. Lakeview Cascadia, in particular, is likely to generate significant interest as it represents the first new HDB development in the Lakeview area in over 40 years. Combined with its proximity to MacRitchie Reservoir and Bishan's established reputation as one of Singapore's most desirable residential towns, the project is expected to be one of the standout launches of 2026. With a diverse mix of Standard, Plus and Prime projects, enhanced support for larger families, shorter waiting time options and continued housing grants, the June 2026 BTO exercise offers a wide range of opportunities for Singaporeans looking to purchase their first home or upgrade to a new flat.

A unit at Honolulu Tower was just sold for a record-high of $14.2 million ($2,438 psf). The condominium is freehold and is located along Bukit Timah Road. This 5 bedrooms unit is on the 11th to 15th floor range and it has a massive floor area of 541 sqm, equivalent to 5,823-sq ft. The recent property transaction surpassed the previous record high in Honolulu Tower. In June 2021, a 5 bedrooms unit was sold for $10.8 million ($1,854 psf). It has the same floor area of 5,823 sq ft and is located on the 6th to 10th floor range. It shows that the condominium property value has appreciated by 31% in 5-years since the year of 2021. These two resale transactions surpassed 2019's record high of $9.1 million ($1,562 psf), which was set by a apartment sold in July 2019.It is a similar size unit and located on the 11th to 15th floor range. Honolulu Tower is a prestigious freehold residential development situated at 341 Bukit Timah Road in the highly affluent District 10 (Tanglin) area of Singapore. It was completed in 1985 by Glory Realty Co Ltd, a subsidiary of Far East Organization. The development is a high-rise condominium consisting of only 30 exclusive 4-bedroom and penthouse units, with all units being bright and spacious from 5,822 sq ft onwards. This makes it one of the more intimate and exclusive residential towers in Singapore. Residents enjoy a comprehensive range of facilities including a Clubhouse, Games Room, Playground, BBQ areas, Swimming and Wading Pool, Gym, Sauna, Squash and Tennis Courts, 24-hour security services, and car parking space. In terms of connectivity, the nearest MRT station is Stevens MRT, which provides residents easy access to other areas of Singapore. The development is also close to several reputable schools such as Raffles Girls' School and Singapore Chinese Girls' School, and is in proximity to Balmoral Plaza and the popular Newton Food Centre. You can check all the transactions (and more) for Honolulu Tower using our research tools. The apartment should appeal to parents with school-going children, as they are within walking distance of several schools, including St Margaret's School (Primary), St. Joseph's Institution Junior, CHIJ Primary Toa Payoh, CHIJ Secondary School, ACS (Barker Road) and Queensway Secondary School. Nearby subway stations include Newton, Novena and Stevens. Shopping can be done in places like CS Fresh Chancery Court, Sheng Siong Supermarket @ Jalan Berseh and FairPrice Orchard Grand Court.

A 4 room HDB flat at 1C Cantonment Road was just sold for a record high price of $1.55 million ($1,500 psf). The lease of the 96 sqm flat started in 2011, leaving it with a remaining lease of 83 years. The flat is located on the 40th to 42nd storey range. This floor area is equivalent to 1,033-sq ft. The recent transaction surpassed the previous record high for 4 room flats in Central Area. In March 2025, a 4 room at 1C Cantonment Road was sold for $1.52 million ($1,500 psf). That flat measures 1,012 sq ft and is located on the 49th to 51st storeys.  These two transactions surpassed 2024's record high of $1.45 million ($1,448 psf), which was set by a flat that is located at 1C Cantonment Road. That unit was sold in May 2024. The flat measures 1,001 sq ft. It is located on the 46th to 48th storeys. Pinnacle@Duxton is one of Singapore’s most iconic public housing developments, located in the Duxton area near the CBD. Completed in 2009, it comprises seven 50-storey towers linked by dramatic skybridges, and is known for its striking architecture, panoramic city views and central location. The project is widely regarded as a landmark HDB estate that redefined public housing with a more premium, high-rise design. Three private property transactions were recently recorded nearby, an apartment at The Beacon along Cantonment Road was sold for almost $1.97 million. You can check all the resale transactions (and more) for 4 room flats in Central Area using our property research tools. The HDB flat should appeal to parents with school-going children, as they are within walking distance of several schools, including Cantonment Primary School, Alexandra Primary School, River Valley Primary School, Outram Secondary School, Gan Eng Seng School and CHIJ St Theresa's Convent. Nearby MRT stations include Outram Park, Tanjong Pagar and Shenton Way. Grocery shopping can be done in places like Sheng Siong Supermarket, FairPrice Tanjong Pagar Plaza and Giant Express - Jalan Membina.

A unit at Waterfront @ Faber was just sold for a record-high of $3.48 million ($1,179 psf). The lease of the 274 sqm strata house started in 2013, leaving it with as remaining 85 years lease and is located along Faber Walk. It has a floor area equivalent to 2,949-sq ft. The recent property transaction surpassed the previous record high in Waterfront @ Faber. In March 2022, a unit was sold for $2.95 million ($1,000 psf) with same floor area of 2,949 sq ft. These two resale transactions surpassed 2021's record high of $2.88 million ($976 psf), which was set by a strata terrace sold in December 2021. It is a similar size unit.  Waterfront @ Faber is a 99-year leasehold condominium located along Faber Walk in District 5, Clementi. Completed in 2018, the development comprises 18 blocks with a total of 210 units. In keeping with the surrounding landed housing estate, the development is low-rise, standing at just 5 storeys, and also features 11 exclusive strata landed units ranging from 2,799 to 3,035 square feet. Unit types include 2-, 3-, and 4-bedroom options, all available in dual-key format. Facilities are divided across four distinctive zones — The Forest, The Coast, The Lake, and The Valley — and include a gymnasium and a 50-metre lap pool. There is also a Sky Park on the rooftop of two blocks overlooking the waterfront. You can check all the transactions (and more) for Waterfront @ Faber using our research tools. The strata terrace should appeal to parents with school-going children, as they are within walking distance of several schools, including Bukit Timah Primary School, Qifa Primary School, Fuhua Primary School, NUS High School of Math and Science, Clementi Town Secondary School and Bukit View Secondary School. Nearby subway stations include Clementi, Jurong East and Bukit Batok. Shopping can be done in places like Giant Supermarket, FairPrice Xtra JEM and FairPrice.

A unit at The Woods was just sold for a record-high of $2.8 million ($697 psf). The lease of The Woods started in 2010, leaving it with remaining 83 years lease and is located along Westwood Avenue. This unit has a floor area of 373 sqm which is equivalent to 4,014-sq ft. The recent property transaction surpassed the previous record high in The Woods. In August 2025, a unit was sold for $2.69 million ($670 psf). It measures 4,004 sq ft. These two resale transactions surpassed 2024's record high of $2.5 million ($586 psf), which was set by a strata terrace sold in March 2024.It is a bigger unit with a floor area of 4,262 sq ft. The Woods is a 99-year leasehold cluster housing development located along Westwood Avenue in District 22, within the Boon Lay/Jurong/Tuas area of Singapore. Completed in 2013, it comprises a total of 93 units spread across 91 blocks. The development offers semi-detached house units with unit sizes ranging from 4,004 to 5,038 square feet, all with 5 bedrooms. Residents enjoy shared facilities including a clubhouse, gymnasium, and swimming pool, along with 24-hour security. Notably, the clubhouse has been praised by residents for being large, well-furnished, and equipped with cooking facilities, entertainment amenities including karaoke and billiards, and comfortably accommodating events for up to 20 people. In terms of connectivity, The Woods is accessible via nearby Pioneer, Boon Lay, and Lakeside MRT stations. For those with vehicles, the Orchard Road shopping district can be reached in 25 to 30 minutes via the Pan Island Expressway and Ayer Rajah Expressway. The development is also well-positioned for future growth, situated near the Jurong Lake District and Jurong Innovation District, which the government plans to develop into Singapore's second Central Business District. Nearby schools include Canadian International School (Lakeside), Pioneer Primary School. You can check all the transactions (and more) for The Woods using our research tools. The strata terrace should appeal to parents with school-going children, as they are within walking distance of several schools, including West Grove Primary School, Jurong West Primary School, Boon Lay Garden Primary School, Yuan Ching Secondary School, Juying Secondary School and Bukit Panjang Government High School. Nearby subway stations include Pioneer, Boon Lay and Lakeside. Shopping can be done in places like Sheng Siong Supermarket, Giant Hypermarket and FairPrice.

A unit at The Estiva was just sold for a record-high of $2.5 million ($1,442 psf). The 161 sqm is a freehold and is located along Pasir Panjang Road. This apartment is on the 1st to 5th floor range and its floor area is equivalent to 1,732-sq ft. The recent property transaction surpassed the previous record high in The Estiva. In July 2022, a 3 bedrooms unit was sold for $1.95 million ($1,249 psf). That 3 bedrooms unit measures 1,560 sq ft. These two resale transactions surpassed 2019's record high of $1.82 million ($1,049 psf), which was set by a apartment sold in November 2019.It is a bigger unit withe a floor area of 1,732 sq ft. The Estiva is a freehold condominium located in Queenstown, District 5, Singapore. Completed in 2008, it comprises a single block with a total of 33 residential units. The development stands 5 storeys tall and offers 2- and 3-bedroom units, as well as penthouses on the highest floor. Situated at 313 Pasir Panjang Road, the nearest MRT station is Haw Par Villa MRT, providing residents with easy access to other parts of Singapore. The wider District 5 area is also well-connected via Clementi, Dover, Buona Vista, One-North, and Kent Ridge MRT stations along the East-West and Circle lines. Facilities include a swimming pool, wading pool, gym, BBQ pits, and balconies, complemented by greenery views. The development is also positioned within the future Greater Southern Waterfront transformation corridor, making it attractive for both own-stay and investment purposes. You can check all the transactions (and more) for The Estiva using our research tools. The apartment should appeal to parents with school-going children, as they are within walking distance of several schools, including Fairfield Methodist School (Primary), Tanglin Junior School, Tanglin Infant School, NUS High School of Math and Science, Queensway Secondary School and Clementi Town Secondary School. Nearby subway stations include Haw Par Villa, Kent Ridge and One-North. Shopping can be done in places like Kopitiam, FairPrice NUH Medical Centre and Cold Storage Fusionopolis.