Key Takeaways:
Key Point | Summary |
---|---|
Location | Near Telok Blangah MRT, close to city center |
Project Size | About 740 new homes planned |
Launch Date | Estimated June 2025 |
Greater Southern Waterfront | Part of a big plan to create a new waterfront district |
Market Potential | First private housing site in the area in 25 years |
Price Outlook | Expected to be strong due to prime location & waterfront |
Site Details
Land Area: About 1.36 hectares.
Gross Plot Ratio: 4.7 (this helps decide how tall and how large buildings can be).
Estimated Yield: About 740 new homes.
Estimated Launch Date: June 2025.
With about 740 homes, this development will be quite large compared to some other nearby projects.
A larger project can mean more facilities, better landscaping, and a wider choice of unit types.
Location Advantages
MRT Access:
The site is within walking distance of Telok Blangah MRT station, which makes daily travel easier.
One stop away is HarbourFront station, and from there, you can reach the Central Business District (CBD) in about 10 minutes.
Work Hubs Nearby:
- one-north (a place with many research and tech companies)
- Buona Vista
- National University of Singapore (NUS)
From my experience, homes near MRT stations and big work hubs often do well in the long run.
People appreciate short commutes, and this site’s transport links should make it popular among professionals and families.
Waterfront Living:
The site is part of a future waterfront district.
Imagine waking up to views of the sea or enjoying evening walks by the water.
Such features often attract buyers who value a unique living environment, not just a standard city apartment.
Development Context
First from Former Keppel Golf Course:
This site comes from land that was once a golf course.
Now it will become homes, offices, and leisure spaces for thousands of people.
Greater Southern Waterfront Vision:
The area covers about 2,000 hectares and could have roughly 9,000 new homes.
Of these, about 6,000 will be public housing units, while others (like this site) will be private homes.
I remember when Marina Bay was still in the planning stage years ago.
At that time, people were unsure if it would become popular.
Now it’s a famous spot with iconic buildings.
The Greater Southern Waterfront could follow a similar path, and owning a home in its early stages might bring good value later.
Market Potential
First-Mover Advantage:
This will be the first private housing site in this new district.
Being early often means that prices can appreciate as the area develops and matures.
Central Location:
Close to the city center and major business areas, this site offers convenience that many city-dwellers desire.
Biggest Site in 1H 2025 GLS Launch:
This site is the largest offered in the first half of 2025.
Its scale may attract top developers who want to make a big impression.
25-Year Gap:
No private housing site has been launched in Telok Blangah since 1990.
This is a long wait, and it signals that this launch could be very special.
Comparing with Other GLS Sites
Telok Blangah Road Site:
- Near Telok Blangah MRT
- Short travel times to the CBD
- Set in a completely new waterfront area
Dunearn Road Site:
- Near Sixth Avenue MRT, future Cross Island Line
- Located in a premium area with landed homes
- Good schools and shops nearby
Hougang Central Site:
- Right next to Hougang MRT, future interchange station
- Could be part of an integrated development
Lakeside Drive Site:
- Next to Lakeside MRT
- In the Jurong Lake District, another growth area
Senja Close (EC) & Woodlands Drive 17 (EC):
- Located near LRT or MRT stations in more suburban areas
- Good for families looking for quieter neighborhoods
Each site has its own charm, but the Telok Blangah Road site stands out for its chance to be part of a brand-new waterfront district close to the city.
Market Performance Indicators
The GSW area is expected to command premium pricing.
In other words, properties here might cost more, but they also might offer good value in the long run due to their unique location and future plans.
Recent Price Trends:
- Year-on-year price increase of about 4.88% in Q1 2024.
- Overall 6.8% increase in 2023.
- Quarter-on-quarter growth of 1.39% in Q1 2024.
Prices are still moving up, but at a more moderate pace.
For buyers, a more stable market can be comforting.
It suggests that the area is not overheating, but still showing healthy growth.
Value Indicators
Location Premium:
- First private site in Telok Blangah in 25 years suggests rarity and value.
- Part of a huge waterfront development that could become a top destination.
Price Appreciation Potential:
As the area gets built up with offices, shops, parks, and improved transport, home values may rise.
In my experience, early buyers in new transformative districts often see their property values benefit as the neighborhood matures.
Investment Outlook
Long-Term Growth:
Experts think Singapore’s property market could reach USD 64.04 billion by 2029, showing that the long-term outlook is strong.
Demand Factors:
Local and foreign buyers often look for homes in prime or upcoming areas.
A location near the CBD, good schools, and MRT lines usually appeals to a broad range of buyers.
Rental Potential:
With more businesses and offices moving into the area, rental demand could be strong.
Professionals who want to live close to work might be willing to pay more for the convenience.
Price Expectations
Core Central Region:
Prices rose about 4.43% year-on-year.
Average condo prices can be around $1,945,523 or about $1,880.78 per square foot, depending on the exact location and project.
For a waterfront site with a first-mover advantage, prices may sit at the higher end of the range.
Still, buyers might find the value justified by the unique setting and future potential.
Personal Expert Thoughts
I recall advising a family friend years ago when they considered buying in a newly developing part of Singapore.
At first, they hesitated because the neighborhood was not fully grown yet.
But a few years later, they were happy with their decision.
The early investment gave them a nice home and a good increase in property value over time.
For buyers looking at the Telok Blangah Road site, think about what this area could look like in 5 or 10 years.
With the Greater Southern Waterfront transformation, the place will likely be very different: bustling with life, filled with shops, offices, and parks along the water.
Conclusion
The Telok Blangah Road GLS site is more than just another housing project.
It marks the start of a huge change in Singapore’s southern coastline.
With a prime location near MRT stations, the CBD, and major work hubs, plus the excitement of a new waterfront neighborhood, it stands to attract strong interest.
Prices might be higher, but buyers could benefit from long-term value, strong connectivity, and the pleasure of waterfront living.
As the first private housing site in the Greater Southern Waterfront, it could set the tone for the entire area’s future growth.
Frequently Asked Questions (FAQs)
1. When is the Telok Blangah Road GLS site expected to launch?
It is estimated to launch around June 2025.
2. How many homes will be built there?
About 740 residential units are planned.
3. What makes this site special?
It’s the first private housing site in the Greater Southern Waterfront, a new and exciting area set to transform Singapore’s southern coast.
4. Is it near an MRT station?
Yes, it’s within walking distance of Telok Blangah MRT station, and just one stop away from HarbourFront station.
5. Will it be close to the CBD?
Yes, you can reach the CBD within about 10 minutes from HarbourFront station.
6. What about schools or work places nearby?
It’s near major work hubs like one-north, Buona Vista, and the National University of Singapore.
7. Is this area expected to be expensive?
Given the prime location, waterfront setting, and first-mover advantage, it may command premium prices.
But buyers might also see strong long-term value.
8. What is the Greater Southern Waterfront project all about?
It’s a large plan to turn old coastal areas into a vibrant district with homes, offices, parks, and recreational areas.
9. How do recent price trends look?
Prices have been growing at a moderate pace, with steady year-on-year increases.
10. Is it good for investment or rental?
The strong location, connectivity, and future developments likely make it appealing for both investors and renters.