• First private residential Government Land Sale site to be launched in the Boon Keng, Kallang Bahru and Kampong Bugis precincts in 12 years
• Rare city‑fringe waterfront site along the Kallang River corridor, with first-mover advantage to benefit from the transformation of Kampong Bugis and the Kallang Alive precincts under the Urban Redevelopment Authority’s Draft Master Plan 2025
• Enjoy doorstep accessibility to scenic waterfront views and park connectors, with retail amenities, schools, as well as sports and recreational facilities in the vicinity

SINGAPORE, 7 APRIL 2026

Frasers Property and Mitsubishi Estate, through a joint venture, have emerged as the top bidder for the Kallang Close site under the Government Land Sales (GLS) programme. The consortium submitted a bid of S$610.75 million, translating to S$1,415 per square foot per plot ratio (psf ppr). The top bid comes in at a tight 0.7% above the second‑highest bid, among four competing bids.

Located within the Kallang Planning Area, the 99‑year leasehold residential site marks the first GLS site to be launched in the Boon Keng, Kallang Bahru and Kampong Bugis precincts in 12 years, underscoring the limited supply of new private housing in the area. Fronting the Kallang River, the site spans approximately 11,456.3 square metres (sqm) and can potentially yield about 470 private homes, alongside a childcare centre to support the needs of families.

If awarded, the consortium intends to deliver a waterfront residential development that enhances the Kallang River frontage, with publicly accessible features such as a riverfront promenade to foster connectivity, community engagement, placemaking and vibrancy. This will also mark the first successful partnership between Frasers Property and Mitsubishi Estate.

On behalf of the consortium, Ms Soon Su Lin, Chief Executive Officer of Frasers Property Singapore, said: “We are pleased to be the top bidder for the Kallang Close site, which enjoys great connectivity to the city centre. This presents a rare opportunity to deliver a top-quality waterfront residential development with a first-mover advantage, being the first to benefit from the long-term transformation of the nearby Kampong Bugis and Kallang Alive precincts, as well as the rejuvenation of the Kallang River corridor into a lifestyle destination. We look forward to combining our expertise with our esteemed partner Mitsubishi Estate to deliver a thoughtfully designed, enduring development in this established city‑fringe location.”

Located a short walk from the Kallang MRT station on the East–West Line and Bendemeer MRT station on the Downtown Line, the Kallang Close site enjoys easy access to the rest of the island and is approximately four MRT stations from the Central Business District (CBD). The Kallang MRT station is also slated to integrate a new bus interchange under the Kallang Horizon public housing project, alongside supporting amenities including shops, a childcare centre and public spaces.

The area is well-supported by extensive bus services and strong road connectivity via the Pan‑Island Expressway (PIE), Central Expressway (CTE) and Kallang–Paya Lebar Expressway (KPE). This provides convenient access to the CBD as well as seamless connectivity to Marina Bay and Orchard Road.

The site, which is in the Rest of Central Region, is within walking distance of supermarkets, coffee shops, hawker centres and wet markets. Retail and dining offerings are further complemented by a range of shopping malls within approximately two kilometres of the site.

Educational institutions within one to two kilometres include Geylang Methodist, Hongwen Primary School, Bendemeer Primary and Secondary Schools, and Farrer Park Primary School. The District 12 site enjoys direct access to the Kallang Park Connector and nearby green spaces such as Kallang Riverside Park, providing opportunities for waterfront walks, cycling and outdoor activities.

The site is in proximity to the Kallang Alive Masterplan¹, a long-term vision to transform the precinct into a key hub for sports, entertainment, recreation and lifestyle activities and anchored by Singapore Sports Hub, which offers a comprehensive mix of sports, leisure and event facilities.

It also stands to benefit from the placemaking of the future Kallang Close Riverfront Promenade², as well as the transformation of the nearby Kampong Bugis³, which is expected to introduce about 4,000 new waterfront homes along the Kallang River over the longer term.

¹Prime Minister’s Office Singapore. (2024, August 18). National Day Rally 2024.

²Urban Redevelopment Authority. (2025). Residential site at Kallang Close (Dec 2025): Technical conditions of tender [PDF].

³Urban Redevelopment Authority. (n.d.). Our neighbourhood: Kampong Bugis.