Historical coverage. This summary was prepared after the original event. Rules, prices and conditions may have changed; consult the dated original source and current official guidance.

URA land sales / award

At a glance

  • URA awarded the 99-year Kallang Close parcel to Frasers Property Phoenix Pte. Ltd. and MJR Investment Pte. Ltd. at a tender price of S$610.75 million.[1]

What was announced

URA confirmed the award of the Kallang Close land parcel to Frasers Property Phoenix Pte. Ltd. and MJR Investment Pte. Ltd.. The successful tender price was S$610.75 million, according to the authority’s award notice.[1]

The 11,456.3 sq m parcel allows residential use. Its maximum permissible gross floor area is 40,098 sq m. The site was offered on a 99-year lease. Its tender launched on 8 December 2025 and closed on 7 April 2026.[1]

Context & interpretation

Why it matters

The award identifies the successful land bidder. Land cost alone does not establish future apartment selling prices, a launch date or a completion schedule; those require separate project announcements.

Sources & further reading

  1. Frasers Property and MJR Investment secure Kallang Close site ↗Urban Redevelopment Authority · 10 Apr 2026 · Accessed 1 Nov 2026

This is an original AI-assisted summary, not a reproduction of the source article. Context is our interpretation. Editorial policy · Report an issue