AI-synthesised
Bayshore GLS Sets Non-CBD Record; June New-Sale Volume Hits Two-Year Low
Published 16 July 2026 · Covers news from 15 Jul to 16 Jul
A Frasers-led consortium secured the Bayshore Drive GLS site for $2.128 billion — the largest bid ever recorded for a non-CBD government land parcel — while June 2026 private home sales dropped to just 156 units, the lowest since February 2024, due to zero new project launches.
- A joint venture led by Frasers Property, with Sunway MCL, Sekisui House and Lum Chang Holdings, submitted the top bid of $2.128 billion ($1,323 psf ppr) for the Bayshore Drive GLS site, marking it the largest bid ever recorded for a GLS plot outside Singapore's CBD. [2]
- New private home sales collapsed to 156 units in June 2026 — a 65% plunge and the lowest monthly figure since February 2024 — as no new projects launched that month; RCR developments led what little demand there was, with Hudson Place Residences topping the sales list. [3]
- People's Park Centre has launched its third collective sale attempt at a guide price of $1.48 billion, a reduction of $320 million from the 2022 attempt; the Chinatown MRT-adjacent, mixed-use site holds the distinction of being Singapore's first-ever GLS parcel, originally sold in 1967. [1]
- According to EdgeProp, a fresh wave of conserved commercial buildings on Upper Circular Road has hit the market following a URA policy shift, adding another pocket of activity to the commercial conservation segment. [6]
- Tabla.com.sg reports that new citizens and permanent residents are driving luxury home purchases in Singapore as the broader market cools, characterising the trend as a "flight to safety" among this buyer segment. [7]
Sources
- [1]People’s Park Centre Is Making A Third En Bloc Attempt — With A $320 Million Lower Asking Price
Stacked Homes · 15/07/2026
- [2]
- [3]Singapore’s New Condo Sales Plunged 65% In June — Here’s What Happened
Stacked Homes · 15/07/2026
- [6]
Note: This insight was AI-synthesised from the sources above. SifuProperty does not predict prices or recommend buy/sell timing. For decisions on a specific property, talk to a CEA-registered agent. Nothing here is financial or investment advice.