Bayshore Drive, the first private residential parcel in Singapore’s upcoming Bayshore estate, has just secured a spot on the 1H 2026 Government Land Sales Programme, confirming its mixed‑use development status and proximity to the soon‑to‑open Bayshore MRT station on the Thomson‑East Coast Line. The inclusion marks the first private plot within the new precinct, extending Bedok town and signalling a fresh wave of development in the east. With the land tender closing in March 2025, the highest bid reached $658.8 million, translating to a land rate of $1,388 psf per plot—just 0.8 % above the runner‑up, a clear sign of strong competition among the eight bidders. This price sets a new benchmark for the Official Cash Rate (OCR) market, eclipsing the previous high of Clementi Avenue at $1,250 psf and edging close to Lorong 1 Toa Payoh’s $1,360 psf. The robust interest reflects developers’ confidence in the area’s growth potential and the government’s aim to stabilise land prices while maintaining a steady flow of new homes.
Bayshore Drive lands at $1,388 psf, setting a new benchmark in Singapore’s emerging eastern precinct.
The mixed‑use plan for Bayshore Drive is expected to contribute to the total of 4,575 private residential units slated across the nine Confirmed List sites. The unit mix will likely blend executive condos, standard private condos, and rental‑focused apartments, catering to investors, upgraders, and families from nearby Tampines and Bedok. Integrated commercial and community spaces are also anticipated, providing shops, eateries, and possibly a supermarket to serve daily needs. Such a blend addresses diverse buyer segments and meets the demand for rental yields, a pragmatic approach in a market where both ownership and leasing are thriving.
Connectivity is a standout feature. Direct access across the road to Bayshore MRT Station on the Thomson‑East Coast Line, together with three additional stations—Bedok South, Sungei Bedok, and Xilin—planned for completion by 2026, will make commuting to central Singapore a breeze. The East Coast Parkway offers a 15‑minute drive to the central business district, while cycling networks and a car‑lite district vision promote sustainable mobility. Residents will also enjoy easy access to East Coast Park, sports facilities, and sheltered walkways, enhancing the lifestyle appeal. Educational institutions lie within a two‑kilometre radius, and future medical facilities are part of the master‑plan, ensuring all‑inclusive amenities. Notably, the top bid of $1,388 psf ppr exceeded analysts’ initial forecasts of $1,050 to $1,200 psf ppr by as much as 32.2 percent above expectations, reflecting remarkable developer confidence in the Bayshore precinct.
Strategically, the site gives developers a first‑mover advantage in an emerging estate, setting a price precedent for future mixed‑use parcels. It aligns with Singapore’s broader transit‑oriented development policies and contributes to the injection of roughly 10,000 new homes in Bayshore, with about 30 % allocated to private housing. By bridging eastern residential zones with central districts, Bayshore Drive is poised to become a key node in the city’s evolving urban landscape. The largest Reserve List supply since 2H 2021 underscores the government’s commitment to maintaining a steady flow of new homes. The high bid rate underscores the competitive nature of the tender.
The new launch Vela Bay at Bayshore is previewing soon too !
