The winning bid hit $1,410 psf ppr, just 3.7% above City Developments’ second-place offer. Close race. But here’s the thing — River Valley Green (Parcel B) went for $1,420 psf ppr just months earlier in February 2025. So this price isn’t shocking. It’s confirmation that prime land near good MRT connectivity commands serious money, full stop.
Nine bidders. One winner. $1,410 psf ppr confirms prime land near MRT connectivity commands serious money — full stop.
Now District 10. Freehold condos there jumped 84.9% since 2016 — from $2,285 psf to $4,224 psf today. Leasehold wasn’t sleeping either, climbing 88.7%. And Orchard Boulevard’s GLS sold at $1,617 psf ppr in January 2024. The supply has been tight for years, like COE quotas during a car-hungry year. Turf City changes that equation permanently.
District 11 is the quieter story but potentially the smarter play. URA data shows a 37.7% rise in new freehold condos — from $2,132 psf to $2,935 psf. Fewer transactions, less noise. Lower entry prices, stronger upside runway. When HDB upgraders from those 15,000–20,000 new Turf City homes start looking around, District 11 existing private owners benefit directly.
The BTO flats tie into Cross-Island Line Phase 2, completing around 2032. Infrastructure like power grids, sewerage, and roads must come first before private land gets released. Think of it like building the kitchen before opening the hawker stall. Logical sequence, but it takes time — 20 to 30 years to fully develop. An adjacent plot is already slated for tender in December 2025, signalling that the land release pipeline is moving faster than many expected.
Twenty-two heritage buildings preserved, grandstands included, alongside green buffers and sheltered walkways. This isn’t just concrete and glass. It’s a lifestyle shift targeting middle-income families near elite school corridors. The site’s proximity to the Rail Corridor also means properties within 200–400m stand to benefit from a green-corridor pricing premium that transaction data has consistently supported. The River Valley Green site itself drew four seasoned developers — including a joint venture between Sunway MCL and CSC Land Group — underscoring how consistently top-tier institutions compete for land in connected, amenity-rich locations.
Bottom line? Smart money moved early. Nine bidders proved that. The rest will follow when the MRT station opens and the queue forms.
