Freehold Residential Land in Tightly Held Siglap Precinct for Sale via Expression of Interest

Singapore – 16 June 2026 – CBRE, as the exclusive marketing agent, is offering for sale a rare freehold site at 2 and 4 Jalan Ulu Siglap (the “Asset”). The sale will be conducted via a public Expression of Interest exercise which closes on Wednesday, 15 July 2026, at 3pm.

The Asset occupies a land area of approximately 13,523 sq ft and is currently used as a nursing home. It is zoned for residential use, offering strong redevelopment potential. Based on the planning parameters, the site has a baseline Gross Floor Area (GFA) of 18,713 sq ft, translating to a plot ratio of 1.38. Subject to relevant authorities’ approval, incoming purchaser may explore redevelopment into a non-landed residential development or landed housing scheme. 

Strategically located near the junction of East Coast Road and Jalan Ulu Siglap, the site enjoys a prominent frontage of approximately 26 metres and a depth of approximately 48 metres, providing a regular configuration well-suited for efficient redevelopment.

The Asset is being offered with a guide price of $28 million. For non-landed residential redevelopment, this reflects an indicative land rate of approximately $1,462 per square foot per plot ratio (psf ppr), inclusive of the land betterment charge payable for the additional 7% bonus Gross Floor Area (GFA) for balconies. For landed housing development, the price translates to approximately $2,070 per square feet on the land area.



Mr Michael Tay (郑兆能), Deputy Managing Director and Head of Capital Markets, Singapore at CBRE, says, “ Freehold land parcels of this nature within the Siglap precinct are highly sought after and rarely available. Given the scarcity of such opportunities, the site presents an attractive proposition for developers, homeowners and investors seeking a strategic entry into a mature and affluent residential enclave underpinned by strong fundamentals.”

Located within the highly sought-after East Coast / Siglap enclave, the property is surrounded by an established landed housing neighbourhood and is within close proximity to a wide range of lifestyle amenities along East Coast Road, as well as recreational offerings at East Coast Park. 

Mr Joshua Giam (严耀祥), Director of Capital Markets, Singapore at CBRE, says, “CBRE has been observing strong demand for freehold development options among family offices and high net worth individuals. Subject to relevant authorities’ approval, incoming buyers may also explore alternative redevelopment options, such as Service Apartment (Type 2) for long-term rental income and potential capital appreciation.”

The precinct is well served by a wide range of amenities, including the vibrant F&B and retail offerings along Upper East Coast Road, as well as established malls such as Siglap V, Siglap Centre, Bedok Mall and Parkway Parade, all within a short 10-minute drive. The vicinity is also supported by a strong network of reputable educational institutions, including St. Stephen’s School, Victoria Junior College, and CHIJ Katong Convent.

The Asset also enjoys excellent connectivity, being located a 10-minute walk from Siglap MRT station on the Thomson-East Coast Line, and a 5-minute drive from Bedok and Bayshore MRT stations, providing direct access to the rest of the city. The site is well connected to other key areas across Singapore, including the Central Business District (CBD) and Orchard Road, and benefits from convenient access to major expressways such as the East Coast Parkway (ECP).