Eco World has just dropped a bombshell on the Singapore property scene. The developer just won the Lorong Puntong site near Sin Ming Avenue with a bid of S$208.1 million, works out to S$1,612 per square foot per plot ratio. That’s insane. That’s a new record for a 99-year leasehold government land sale in the Rest of Central Region. The previous best was S$1,515 psf ppr at Berlayar Drive back in August 2025, so we’re talking about a 6.4% jump. In this market, that kind of jump is like seeing the COE for a big car suddenly jump from S$100k to S$106k overnight. Everyone notices.
The site is small, just 46,106 square feet, but it’s right in the heart of Thomson-Bishan. Bright Hill MRT is nearby, which will become an interchange with the Cross Island Line by 2030. And here’s the kicker—Ai Tong School is literally opposite the site. Parents will fight for this. Within one to two kilometres, you’ve also got Ang Mo Kio Primary, Catholic High, and CHIJ St Nicholas Girls’ School. It’s like a cluster of popular schools all packed together, like how hawker centres cluster around certain neighbourhoods. The development could yield around 140 private units, highlighting its potential for modest supply in the Thomson‑Bishan area. This mirrors broader activity under Singapore’s Government Land Sales program, where rising developer confidence has driven competitive bidding across multiple recent tenders.
Eco World beat six other bidders. Second place went to Intrepid Investments and TID Residential with S$187.33 million, which is about 11% lower. That’s a huge gap. The third, fourth, and fifth bidders—SMCL Oasis, EL Development, and JBE Capital—weren’t far behind either. Seven bids in total. The lowest bid, from a Kheng Leong unit, came in at around S$1,256 psf ppr—still well above what analysts had expected. The competition was fierce, like a good queue at a char kway teow stall during dinner rush.
