The Peck Hay Road site — just a stone’s throw from Newton MRT station — is slated to house about 315 private residential units. It spans 5,513.5 square metres with a maximum gross floor area of 27,017 sq m and a gross plot ratio of 4.9. It is the second GLS plot to be launched for tender in the new 26-hectare Newton neighbourhood.

URA previously described the new residential precinct as a “vibrant, mixed-use urban village” that will eventually house about 5,000 new private homes in three main clusters at Newton Circus, Scotts Road and Monk’s Hill. The first state land plot in the area — at Bukit Timah Road — attracted eight bids at tender closing in November 2025, with the top bid of $566.3 million ($1,820 psf ppr) coming from HH Investment, a company linked to the Liao family behind Huang Hsiang Construction Corp of Taiwan.

PropNex head of research and content Wong Siew Ying noted that the $1,820 psf ppr land rate was the second highest for a pure residential GLS site in the CCR since the Cuscaden Road plot — where Cuscaden Reserve now sits — was sold for $2,377 psf ppr in May 2018. She predicts a strong turnout for the Peck Hay Road site, with six to eight bids and a top offer of around $1,650 to $1,750 psf ppr, given the tight supply of new homes in the area.

The 11,516 sq m River Valley Green (Parcel C) plot is expected to yield about 470 homes. It is located beside Great World MRT station, with a maximum gross floor area of 40,306 sq m and a gross plot ratio of 3.5. This will be the last GLS site in Great World’s vicinity, which could pique developers’ interest.

The adjacent River Valley Green (Parcel A) plot was bagged by Wing Tai at $464 million ($1,325 psf ppr) in a June 2024 tender that drew just two bids. It now houses River Green, which saw a take-up rate of 88% at an average price of $3,130 psf when launched in August 2025. Since then, another 5% of units were sold, taking overall take-up to 92.6% at an average price of $3,144 psf as at end March.

In February 2025, the neighbouring River Valley Green (Parcel B) site — where River Modern now sits — garnered five bids, with the highest from GuocoLand at $627.8 million ($1,420 psf ppr). River Modern has sold 91.4% of its 455 units at an average of $3,270 psf. Other recent River Valley launches — Promenade Peak (70% at $3,023 psf) and Zyon Grand (88.4% at $3,059 psf) — have also performed well, establishing a clear pricing range above $3,000 psf for the precinct.

Justin Quek, deputy group CEO of Realion (OrangeTee & ETC) Group, noted that developers who missed out on the earlier Bukit Timah Road tender may be keen on the Peck Hay Road plot. Developers may also try to secure the site to gain an early advantage in the new Newton housing precinct. He projects four to six bidders at tender close and a top offer of $1,500 to $1,600 psf ppr.

For the River Valley site, ERA Singapore CEO Marcus Chu highlighted that demand is likely to come from public housing upgraders in the nearby Queenstown estate, which recorded 173 transactions of over a million dollars in 2025. There could also be investment demand for smaller, more affordable units given the area’s strong tenant pool. With about 470 units, Quek reckons the overall price quantum will remain within developers’ risk appetite.

Based on these land rate projections and recent comparable launches, buyers can expect selling prices in the range of $3,000 to $3,500 psf for the Peck Hay Road condo and $3,100 to $3,400 psf for the River Valley Green project — broadly in line with the pricing established by recent successful launches in both precincts. The tenders for both sites close on 11 June and 18 June 2026 respectively.