Dorset Road GLS Developer | UOL Group, Singapore Land Group, and Kheng Leong Company

The tender for the private residential Government Land Sale (GLS) site at Dorset Road closed on 10 October 2025. In total, the site drew interest from nine bidders, with the top bid of S$524.3 million (or $1,338 psf ppr) submitted by United Venture Development Pte Ltd.

Table 1: Bidders for Dorset Road GLS site

Source: URA, ERA Research and Market Intelligence

Table 2: GLS site details

Source: URA, ERA Research and Market Intelligence

Recent Land Sale Performance

Developer sentiment has notably strengthened across the GLS front in the first nine months of 2025 (9M 2025), as reflected in higher participation rates at recent site tenders.

Excluding EC parcels, the 12 private residential sites awarded in 9M 2025 drew 4.8 bidders on average. This includes keenly contested sites such as Bayshore Road (eight bids) and Dunearn Road (nine bids), which saw a similar turnout as Dorset Road’s nine bidders. This observation marks an improvement over the 2 to 3 bidders typically seen for 2024’s GLS tenders.

Firmer optimism for GLS tenders is expected to continue through the remainder of the year, with developers eager to replenish their land banks amid strong sales at recent project launches. This positivity will also likely be reinforced by well-located sites on the 2025 Confirmed List, such as Dover Road, Tanjong Rhu Road, and Kallang Avenue.

Chart 4: Land cost and corresponding median price

Source: URA, ERA Research and Market Intelligence Only Chuan Park is not subject to URA’s harmonisation rules.

Conclusion

The turnout of nine bidders is tied with Dunearn Road for the most bidders in a GLS exercise in 2025. The robust bidding activity reflects improved developer sentiment, buoyed by the healthy sales performance of recent new launches and the site’s attractive locational attributes.

The 1% price gap between the two highest bids is telling of developer confidence in Dorset Road’s potential. Dorset Road has not seen a residential plot of this scale released since 2021. The mid-sized site offers ample space to accommodate a full suite of facilities, which will appeal to homebuyers in an area largely characterised by boutique developments.

Many of the site's attributes are expected to appeal strongly to local homebuyers. The site offers exceptional convenience, with Farrer Park MRT Station easily accessible on foot in under ten minutes. The site is also within 1km of popular primary schools such as St. Joseph’s Institution Junior, Hong Wen School, and Farrer Park Primary.

The top bid of $1,338 psf ppr, is still lower than The Orie which was awarded at $1,380 psf ppr awarded in Oct 2023, considering Dorset Road’s more centralised location. Based on $1,338 psf ppr, the average unit prices for homes in the future development could range between $2,650 to $2,750 psf.

Sites capable of yielding a mid-sized development are rare within the area, with the only recent example being the 407-unit Piccadilly Grand located at Northumberland Road. It was awarded in 2021 and up till the opening of Dorset Road, there has been no other GLS site of similar scale released for sale in the area.

This scarcity signals a clear opening for developers to capitalise on underlying pent-up demand for larger, mid-sized projects. During its debut weekend in 2022, Piccadilly Grand saw a 77% take-up rate (315 out of 407 units), signalling strong appetite for bigger projects in the neighbourhood.

Finally, Dorset Road is the first RCR site to be open for tender among GLS site offerings in the 1H and 2H 2025 Confirmed List. As such, its positive reception could inform bidding activity and strategies for the remaining five GLS site tenders that will close by the end of the year. Within the RCR, this includes desirable sites like Telok Blangah Road, Tanjong Rhu Road, and Kallang Avenue.

Based on the highest bid of $1,338 psf ppr, average unit prices for the future development at Dorset Road could range between $2,650 to $2,750 psf.