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A second Executive Condominium (EC) site in Woodlands has been released for sale under the Government Land Sales (GLS) programme, highlighting the growing importance of Singapore’s northern corridor as a new residential hotspot.
The new 99-year leasehold site along Woodlands Drive 17 spans approximately 26,980 square metres and can yield about 560 residential units.The tender will close on 13 January 2026, drawing strong developer attention following recent record bids in the area.
Its strategic location near Woodlands South MRT on the Thomson-East Coast Line adds to its appeal, offering convenient connectivity to the city centre and northern business zones.
This tender follows the earlier Woodlands Drive 17 EC site that fetched a record S$360.9 million — about S$782 per square foot per plot ratio (psf ppr) — the highest for an EC site to date.
Industry analysts expect the new tender to attract four to six bidders, with projected top offers in the S$770 to S$780 psf ppr range. The continued upward trend in land bids reflects developers’ confidence in the EC segment and the limited supply of new sites.
At the same time, average new EC launch prices in 2025 have risen to around S$1,700 psf, up from roughly S$1,490 psf a year earlier.
Demand for ECs remains robust, particularly among upgraders seeking private-style housing at subsidised entry prices.
In the north region, earlier projects such as North Gaia have achieved strong take-up, while future launches like Woodlands EC Phase 2 are expected to draw similar interest due to limited unsold stock and proximity to transport and amenities.
The Woodlands transformation under the URA Master Plan — including new commercial nodes and improved cross-border links — further enhances the area’s long-term appeal.
While competition is likely to be keen, some developers may remain cautious due to:
Rising construction costs and high financing rates
The risk of slower absorption if prices overshoot
The need to preserve profit margins in a crowded tender landscape
Nonetheless, ECs continue to offer an attractive balance between public and private housing, with stable demand and capped selling prices that cushion against market volatility.
For homebuyers, the upcoming Woodlands EC will offer a rare chance to own a well-located home with potential capital upside once the Minimum Occupation Period (MOP) ends.For investors and industry observers, the tender outcome will serve as a key indicator of market confidence heading into 2026 — particularly whether developers maintain their appetite for northern sites despite cost pressures.
Location: Woodlands Drive 17
Tenure: 99 years
Estimated Units: approximately 560
Tender Closing: 13 January 2026
Expected Bids: S$770–S$780 psf ppr
Market Context: Rising EC land prices and sustained upgrader demand
source: Business Times