Highly Contested Tender with 9 Bidders
The 99-year leasehold site near Farrer Park MRT drew nine bids, exceeding analyst expectations. A UOL-led consortium, which includes Singapore Land Group and Kheng Leong Co, placed the highest bid of S$524.3 million, translating to S$1,338 psf ppr — just 1% above the second-highest offer.
Potential for Over 400 Homes
The 111,934 sq ft site has a maximum GFA of 391,774 sq ft and is expected to yield about 425–428 private residential units. UOL plans two 27-storey towers.
City-Fringe Location with Strong Amenities
Located near Farrer Park MRT, the site offers proximity to:
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St Joseph’s Institution Junior and Hong Wen School (within 1km)
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Pek Kio Market & Food Centre
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City Square Mall, Mustafa Centre
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KK Hospital, Kallang Polyclinic
Land Price & Future Launch Expectations
Analysts expect future launch prices to range from S$2,650 to S$2,800 psf based on the land price. This compares with the nearby Piccadilly Grand, which launched at S$2,150 psf in 2022 and was fully sold by end-2023.
Why So Competitive?
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Strong homebuyer demand in city-fringe locations (RCR)
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Limited RCR launches in 2026 – only 3 projects expected
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Developers are replenishing land banks amid healthy sales momentum
Top Bids Overview
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#1: UOL consortium – S$1,338 psf ppr
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#2: ABR + Roxy-Pacific + Wee Hur – S$1,324 psf ppr
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#3: Hoi Hup – S$1,315 psf ppr
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Others: Kingsford, Sim Lian, China Overseas, CYZ Land, GuocoLand, Sustained Land
Conclusion
The strong turnout and tight bid range reflect developer confidence in well-located sites despite elevated costs and broader economic concerns. With limited supply in 2026, the Dorset Road project is likely to attract strong interest upon launch.