For savvy buyers and investors, understanding the developer’s land cost and market conditions provides valuable insight into the future pricing and upside of a new launch. Below is an analysis of the recent land tender for Bedok Rise Residences.

Land Tender & Acquisition

Kuok family-controlled developer Allgreen Properties has submitted the top bid of $1,330 psf per plot ratio (ppr), or $464.8 million, for the government land sale (GLS) site at Bedok Rise. The tender for the site closed on Nov 27, attracting ten bids.

Industry analysts note that this marks the highest number of bidders for a GLS plot since Parcels A and B at Slim Barracks Rise. Allgreen Properties’ bid is just 0.4% more than the second-highest bid of $462.8 million ($1,324 psf ppr), which came from Hoi Hup Realty.

The tender for the site was launched in September. Spanning a land area of 218,438 sq ft, the 99-year leasehold residential site can accommodate about 380 housing units. The plot is the last available land parcel fronting Tanah Merah MRT Station.

Market Outlook & Demand

Market experts attribute the strong turnout from developers to the site’s location adjacent to the Tanah Merah MRT Station on the East-West Line, which is slated to undergo conversion into an interchange that links to the Thomson-East Coast Line.

Analysts also believe the strong uptake of over 10,000 new home sales in the first ten months of 2025 could have prompted developers to increase their land acquisition efforts.

Furthermore, the scarcity of GLS sites nearby in recent years has led to a shortage of new homes, which could have resulted in pent-up demand for non-landed homes in the area.

Future Pricing & Breakeven Analysis

Based on current market trends, the upcoming project on the site may be the sole new launch in the East once it hits the market. Potential buyers are expected to come from landed homeowners as well as HDB upgraders.

Market analysts expect the new launch prices for the project to range between $2,600 psf to $2,700 psf. This pricing strategy would position the project competitively for buyers seeking a well-connected, amenity-rich living environment while reflecting both the site’s advantages and prevailing market conditions.

Explore Bedok Rise Residences

To understand how this translates into actual unit layouts and pricing, view the official Floor Plans, check the Balance Units & Pricing, or Book a Showflat Viewing to speak with our team.