EcoWorld Wins Sin Ming GLS Site; Two En Blocs Return at Lower Prices
Published 19 September 2026 · Covers news from 18 Sept to 19 Sept
Malaysian developer EcoWorld has made its first entry into Singapore's property market by winning a government land sale site at Lorong Puntong/Sin Ming Avenue, while two previously unsuccessful en bloc sites — Serenity Park and Pek Chuan Building — are back on the market at reduced asking prices. Separately, the singles BTO income ceiling has risen to $8,000, broadening eligibility for new HDB flats.
- Bursa-listed EcoWorld has secured the Lorong Puntong/Sin Ming Avenue GLS site for RM667 million, marking the Malaysian developer's maiden entry into Singapore's property market, according to The Edge Singapore and NST Online [6][7].
- Freehold Serenity Park near Yio Chu Kang Road and Pek Chuan Building on Lavender Street have both relaunched en bloc attempts at revised asking prices of $440 million and $77 million respectively, with tender and treaty deadlines set for this autumn — both properties are returning to market after earlier attempts did not succeed [4].
- Stacked Homes reports that Lucerne Grand, a 575-unit mixed-use condo adjacent to Lakeside MRT in Jurong's Lakeside precinct, is launching with prices starting from $1.498 million; the project offers only two- to four-bedroom units, with no one-bedroom options available [1].
- The singles BTO income ceiling has risen to $8,000, according to Stacked Homes, which also examines how much singles would realistically need to earn to afford a flat under the revised threshold [11].
- 99.co reports that condo rental volume has fallen following a record high in July, with HDB rental volume also dipping — suggesting the July peak may have been a one-month spike rather than a sustained trend [8].
Sources
- [1]
- [4]
- [6]EcoWorld makes maiden foray into Singapore property market with RM667mil land win - NST Online
Google News — Singapore property · 18/09/2026
- [7]
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.