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 Berlayar Drive parcel to Intrepid Investments Pte. Ltd. and GuocoLand (Singapore) Pte. Ltd. at a tender price of S$576,778,554.[1]

What was announced

URA confirmed the award of the Berlayar Drive land parcel to Intrepid Investments Pte. Ltd. and GuocoLand (Singapore) Pte. Ltd.. The successful tender price was S$576,778,554, according to the authority’s award notice.[1]

The 25,263.2 sq m parcel allows residential use. Its maximum permissible gross floor area is 35,369 sq m. The site was offered on a 99-year lease. Its tender launched on 15 May 2026 and closed on 4 August 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. Berlayar Drive site awarded to Intrepid Investments and GuocoLand ↗Urban Redevelopment Authority · 7 Aug 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