08-07-2025
New Draft Master Plan could reignite developers' interest to buy land
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Bukit Timah Turf City, a key housing area, had one of the most hotly contested tender exercises in recent years.
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 – the most for a Government Land Sales (GLS) site since 2021 – was one of the most hotly contested tender exercises in the last four years.
