AI-synthesised
CDL Wins Newton GLS at Record Land Rate; Bishan Prices Up 83%
Published 12 June 2026 · Covers news from 11 Jun to 12 Jun
CDL and Hong Leong Holdings secured the Peck Hay Road GLS site at $542.4 million, the second-highest land rate ever for a residential-only GLS site, with analysts projecting launch prices of $3,400–$3,900 psf. Separately, Bishan condos have risen 83% in price over the past decade, while Bukit Panjang records its first million-dollar 5-room HDB resale.
- CDL and Hong Leong Holdings submitted the top bid of $542.4 million ($1,865 psf ppr) for the Peck Hay Road GLS site in Cairnhill, District 9 — reported as the second-highest land rate for a residential-only GLS site in Singapore. Four bids were received at tender close, and analysts project launch prices of $3,400–$3,900 psf for the eventual development. [1]
- Stacked Homes reports that Bishan condo prices have risen 83% over the past decade, outperforming most Central Region neighbourhoods, with buyers continuing to transact at elevated levels in 2026 according to project-by-project data. [2]
- A review of One Marina Gardens — the first condo in Marina South's planned 16-plot waterfront precinct — notes current transacted prices from $2.03 million, with the piece examining first-mover considerations including the unconfirmed status of Marina South MRT and the surrounding undeveloped precinct. [4]
- 99.co reports that Bukit Panjang has recorded its first 5-room million-dollar HDB resale at S$1.05 million, extending the spread of million-dollar HDB transactions into suburban estates. [6]
- A case study on lease decay examines a 62-year-old owner of a fully paid Lakeside-area condo (Parc Oasis) weighing a move to a newer project (Caspian), with Stacked Homes calculating the total cost of switching at $219,000 and comparing a decade of PSF data across Lakeside condos. [5]
Sources
- [1]Peck Hay Road GLS Site Sold For $542.4 Million: Future Newton Condo Could Launch Close To $4,000 PSF
Stacked Homes · 11/06/2026
- [2]Bishan Condo Prices Have Risen 83% In 10 Years. Here’s Why Buyers Still Pay Up
Stacked Homes · 11/06/2026
- [4]
- [5]We’re In Our 60s And Worried About Lease Decay — Should We Move From Our Older Condo To A Newer One?
Stacked Homes · 10/06/2026
- [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.