Tanjong Rhu Road GLS Awarded: What the S$709M Result Means
On 10 February 2026, the Urban Redevelopment Authority (URA) awarded the tender for the residential Government Land Sales site along Tanjong Rhu Road — the first Tanjong Rhu Road GLS parcel offered in this waterfront enclave in almost three decades. The winning bid of S$709,252,000 was submitted jointly by CDL Constellation Pte. Ltd. and Bedrock Ventures Pte. Ltd. This guide sets out what is actually confirmed so far: the award facts as published by URA, how the tender contest played out, what the land price implies for eventual launch pricing, and — just as important — which details remain genuinely TBA. Everything below is drawn from URA's official award announcement and named analyst commentary; where a figure is an estimate rather than an official fact, it is labelled as one.
Tanjong Rhu Road GLS: the award at a glance
| Item | Confirmed detail |
|---|---|
| Location | Tanjong Rhu Road, Kallang planning area (District 15) |
| Awarded to | CDL Constellation Pte. Ltd. and Bedrock Ventures Pte. Ltd. |
| Award date | 10 February 2026 |
| Award price | S$709,252,000 (S 5,661.62 per sq m of GFA, roughly S ,455 psf per plot ratio) |
| Site area | 12,239.3 sq m (about 131,700 sq ft) |
| Maximum GFA | 45,286 sq m (gross plot ratio 3.7) |
| Allowable development | Residential |
| Tenure | 99-year leasehold |
| Expected scale | Around 520 to 530 homes (planning estimate — not an official unit count) |
Two figures in that table deserve emphasis. The first is the land rate of about S
How the tender played out
| Date | Milestone |
|---|---|
| 26 November 2025 | URA launches the Tanjong Rhu Road tender |
| 5 February 2026 | Tender closes with five bids received |
| 10 February 2026 | Site awarded to the top bidder, CDL Constellation and Bedrock Ventures |
| TBA | Official project name, unit mix, pricing, showflat and launch dates |
Five bids for a city-fringe residential parcel is a healthy contest by recent GLS standards, and the margin at the top was thin: press reports put the winning bid only around 2.5 per cent above the next-highest offer. A narrow winning margin generally signals that several developers priced the site to similar assumptions — in other words, the S$709.25 million result reads as a considered market valuation of this land, not an outlier land-grab.
Who won: CDL Constellation and Bedrock Ventures
CDL Constellation Pte. Ltd. is a vehicle of City Developments Limited (CDL), one of Singapore's longest-established listed developers, with a track record that spans large-scale residential launches across the island. Bedrock Ventures Pte. Ltd. is a wholly owned subsidiary of Woh Hup, the privately held construction and development group; press coverage of the award describes the consortium as roughly a 90:10 CDL-led structure. For buyers, the practical takeaway is straightforward: this parcel is in the hands of an experienced major developer paired with an established builder, which typically means a conventional, well-documented sales process once the project is branded and launched. The developer's official materials — floor plans, brochure, price list — will be reflected on the floor plans page and e-brochure page as soon as they are released; both currently and honestly say TBA.
Why this award matters: the first Tanjong Rhu GLS since 1997
The last time the state sold a residential site along Tanjong Rhu Road was November 1997 — a parcel that became the Water Place condominium. That is a supply gap of roughly 28 years in one of the city-fringe's most distinctive pockets: a low-key residential peninsula wrapped by the Kallang Basin and the Geylang River, a short hop from the Singapore Sports Hub and the National Stadium, and effectively next door to Marina Bay.
A 28-year gap does two things to a market. First, it means the enclave's private stock — names like The Waterside, Sanctuary Green and Tanjong Ria — is largely a generation old. New-build product with current layouts, current facilities and a fresh 99-year lease has simply not existed here. Second, it concentrates attention: buyers who have wanted to enter Tanjong Rhu with a new project have had to look at resales or at nearby developments outside the immediate enclave. This is also worth stating plainly to avoid confusion: the awarded GLS parcel is a separate, brand-new development, distinct from existing or already-launched projects in the wider Tanjong Rhu and Katong area such as Arina East Residences or The Line @ Tanjong Rhu. If you have seen those names in your search, they are different projects with different developers.
What S,455 psf ppr could mean for launch prices
The most common question after any award is what the land price means for the eventual selling price. The honest framing: the land rate is a floor-setter, not a forecast. "Per plot ratio" (psf ppr) expresses the land cost spread across every buildable square foot; on top of it the developer adds construction, financing, marketing and margin. A land cost of about S
,455 psf ppr therefore rules out bargain pricing but does not by itself fix the launch number.
The one named analyst estimate published at the tender close came from Knight Frank Singapore's head of research, Leonard Tay, who suggested launch prices could start from around S$2,900 psf, with average prices potentially in the S$3,000 to S$3,100 psf range. Treat that exactly as what it is — a research house's early projection made before the developer has revealed anything — not a price list. The official pricing for this development is TBA, and this site's price page will carry the developer's actual figures the moment they exist, clearly separated from analyst guesswork.
For context rather than prediction: recent city-fringe launches across District 15 and the Kallang area have transacted in a broad band around the low-S$2,000s to low-S$3,000s psf depending on product, tenure and exact location. Where this project lands within — or beyond — that band will depend on decisions CDL and Woh Hup have not yet announced: unit mix, average sizes, positioning and timing.
The enclave today: what buyers are actually getting
Tanjong Rhu's appeal has always been its unusual combination: genuine waterfront, genuine quiet, and genuine proximity to the centre. The Thomson–East Coast Line now serves the area directly — Tanjong Rhu and Katong Park stations bracket the peninsula — which removed the enclave's historical dependence on driving. By road, the ECP, KPE and MCE put the CBD, Marina Bay and Changi within an easy drive. Daily amenities lean on the Kallang Wave Mall and the Sports Hub precinct, with the Gardens by the Bay and Marina Bay waterfront within cycling distance along the park connectors. The area is also visibly renewing: new public housing at Tanjong Rhu Parc Front has brought fresh amenities and footfall to the peninsula's HDB pocket.
The full neighbourhood breakdown — schools, malls, park connectors, drive times — lives on the location page, which is kept current as the precinct develops.
Confirmed versus TBA: the honest scorecard
Confirmed (URA award facts) Still TBA (developer announcements pending) Winning consortium: CDL Constellation and Bedrock Ventures Official project name Land price: S$709,252,000 (~S,455 psf ppr) Unit mix and unit count (525 homes is an estimate) Site area 12,239.3 sq m; max GFA 45,286 sq m; plot ratio 3.7 Launch pricing and price list 99-year residential tenure Showflat location and preview dates Award date 10 February 2026 Expected TOP
That right-hand column is the reason this site exists. Plenty of pages will happily fill those blanks with speculation; this one will not. Each TBA flips to a fact only when the developer or URA publishes it, and the balance units page will go live in a meaningful form only once actual sales begin.
What happens next — and how to stay ahead of it
The typical sequence after a GLS award runs: developer finalises plans and branding, the project name is revealed, marketing materials and the showflat follow, then preview and booking day. For a February 2026 award, that machinery usually takes quarters, not weeks — though the exact timing is the developer's call and is not yet announced. The near-term milestone to watch is the name reveal, which usually arrives alongside the first official marketing push.
If Tanjong Rhu is on your shortlist, the useful move now is simple: register your interest so the name announcement, floor plans and the eventual showflat opening reach you as they are confirmed, rather than after the launch-weekend crowd has formed. Every update on this site states its source and its date — and anything unconfirmed stays labelled TBA.
Get Tanjong Rhu Road Updates First
Get the latest price list, available units and floor plans for
Tanjong Rhu Road — no obligation.
Showflat Contact
The most common question after any award is what the land price means for the eventual selling price. The honest framing: the land rate is a floor-setter, not a forecast. "Per plot ratio" (psf ppr) expresses the land cost spread across every buildable square foot; on top of it the developer adds construction, financing, marketing and margin. A land cost of about S
The one named analyst estimate published at the tender close came from Knight Frank Singapore's head of research, Leonard Tay, who suggested launch prices could start from around S$2,900 psf, with average prices potentially in the S$3,000 to S$3,100 psf range. Treat that exactly as what it is — a research house's early projection made before the developer has revealed anything — not a price list. The official pricing for this development is TBA, and this site's price page will carry the developer's actual figures the moment they exist, clearly separated from analyst guesswork.
For context rather than prediction: recent city-fringe launches across District 15 and the Kallang area have transacted in a broad band around the low-S$2,000s to low-S$3,000s psf depending on product, tenure and exact location. Where this project lands within — or beyond — that band will depend on decisions CDL and Woh Hup have not yet announced: unit mix, average sizes, positioning and timing.
The enclave today: what buyers are actually getting
Tanjong Rhu's appeal has always been its unusual combination: genuine waterfront, genuine quiet, and genuine proximity to the centre. The Thomson–East Coast Line now serves the area directly — Tanjong Rhu and Katong Park stations bracket the peninsula — which removed the enclave's historical dependence on driving. By road, the ECP, KPE and MCE put the CBD, Marina Bay and Changi within an easy drive. Daily amenities lean on the Kallang Wave Mall and the Sports Hub precinct, with the Gardens by the Bay and Marina Bay waterfront within cycling distance along the park connectors. The area is also visibly renewing: new public housing at Tanjong Rhu Parc Front has brought fresh amenities and footfall to the peninsula's HDB pocket.
The full neighbourhood breakdown — schools, malls, park connectors, drive times — lives on the location page, which is kept current as the precinct develops.
Confirmed versus TBA: the honest scorecard
| Confirmed (URA award facts) | Still TBA (developer announcements pending) |
|---|---|
| Winning consortium: CDL Constellation and Bedrock Ventures | Official project name |
| Land price: S$709,252,000 (~S ,455 psf ppr) | Unit mix and unit count (525 homes is an estimate) |
| Site area 12,239.3 sq m; max GFA 45,286 sq m; plot ratio 3.7 | Launch pricing and price list |
| 99-year residential tenure | Showflat location and preview dates |
| Award date 10 February 2026 | Expected TOP |
That right-hand column is the reason this site exists. Plenty of pages will happily fill those blanks with speculation; this one will not. Each TBA flips to a fact only when the developer or URA publishes it, and the balance units page will go live in a meaningful form only once actual sales begin.
What happens next — and how to stay ahead of it
The typical sequence after a GLS award runs: developer finalises plans and branding, the project name is revealed, marketing materials and the showflat follow, then preview and booking day. For a February 2026 award, that machinery usually takes quarters, not weeks — though the exact timing is the developer's call and is not yet announced. The near-term milestone to watch is the name reveal, which usually arrives alongside the first official marketing push.
If Tanjong Rhu is on your shortlist, the useful move now is simple: register your interest so the name announcement, floor plans and the eventual showflat opening reach you as they are confirmed, rather than after the launch-weekend crowd has formed. Every update on this site states its source and its date — and anything unconfirmed stays labelled TBA.
Get Tanjong Rhu Road Updates First
Get the latest price list, available units and floor plans for Tanjong Rhu Road — no obligation.