URA awards tender for New Upper Changi Road site to United Venture Development
The Urban Redevelopment Authority has awarded the New Upper Changi Road site to United Venture Development and CL Sapphire Pte Ltd. The site is now under development for residential use.
The Urban Redevelopment Authority (URA) has awarded the tender for the New Upper Changi Road site to United Venture Development (Daisy) Pte Ltd and CL Sapphire Pte Ltd. The site, which was launched for tender on 15 May 2026, was offered for sale on a 99-year lease term. The successful tenderer will now proceed with development plans for the residential site.
URA tender details
The site at New Upper Changi Road has an area of 30,769.0 m² and allows for residential development. The maximum permissible gross floor area (GFA) is 86,154 m². The tendered price for the site was $1,425,388,000.00, which equates to $16,544.65 per square metre of GFA. The tender closed on 1 September 2026, and the URA has confirmed the successful bidder.
Who is affected
The tender award affects project managers and developers who are involved in land sales and urban development. It also indirectly impacts new homeowners, as the site will eventually be developed for residential use. The URA’s decision sets a precedent for future land sales and development projects in Singapore.
Key facts
- The URA awarded the New Upper Changi Road site to United Venture Development (Daisy) Pte Ltd and CL Sapphire Pte Ltd
- The site was launched for tender on 15 May 2026 and closed on 1 September 2026
- The site has an area of 30,769.0 m² and allows for residential development
- The maximum permissible gross floor area (GFA) is 86,154 m²
- The tendered price for the site was $1,425,388,000.00 ($16,544.65 per square metre of GFA)
Source
Tender award for URA sale site at New Upper Changi Road
URA Media Releases · 4 September 2026 · This brief is a summary in our own words. Read the original for the full text.
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