The Developer

Hougang Central Residences — an institutional consortium of national pedigree.

Hougang Central Residences, the new Hougang Central Condo above Hougang MRT, is delivered by a powerhouse joint venture: CapitaLand Development and UOL Group hold the residential component of this Hougang Central Condo in a 50:50 partnership, while CapitaLand Integrated Commercial Trust (CICT) permanently owns and manages the 300,000 sqft integrated retail mall — the largest ever built in Hougang.

Site Area504,820 sqft GLS site straddling Hougang Avenue 10 & Hougang Central

Land CostS$1,500,738,338 — S$1,179 psf ppr, awarded 14 January 2026

Tenure99-year leasehold commencing January 2026

01Ownership Structure

Who holds what.

The consortium structure is set out in the partners' own exchange filings of 14 January 2026. It matters to a buyer because it tells you who carries the residential risk and who holds the mall afterwards.

Residential company	CapitaLand Development and UOL Group — a 50:50 joint ventureEffective shareholding in the residential entity: CapitaLand Development 50%, UOL Group 30%, Singapore Land Group 10%, Kheng Leong 10%
Commercial component	CapitaLand Integrated Commercial Trust (CICT), which will develop and own 100% of the commercial componentTotal development cost of the commercial component is expected to be about S$1.1 billion, with an estimated yield on cost of more than 5%
Commercial completion	Completion of the commercial component is expected in 2030/2031 (CICT guidance). No completion date has been announced for the residential component.
Land price	S$1,500,738,338 — approximately S$1,179 psf per plot ratioAwarded 14 January 2026.

One structural point is worth drawing out. The mall is not being built to be sold off in strata units — a real estate investment trust will own all of it and hold it as a long-term income asset, which keeps the incentive to maintain the tenant mix running for decades rather than just through a sales campaign.

Partner 01

UOL Group

UOL Group is a leading Singapore-listed property and hospitality developer with over 60 years of experience, managing a diversified portfolio of residential, commercial and investment properties as well as hotels and serviced suites across Asia, Oceania, Europe, North America and Africa. The company is known for its strong focus on design excellence, sustainability and quality service, and has won numerous industry awards for its developments and hospitality brands such as Pan Pacific and PARKROYAL.

Partner 02

CapitaLand Development

CapitaLand Development (CLD) is the development arm of CapitaLand Group and a major real estate developer in Asia, with a portfolio spanning integrated developments, residential, retail, office, lodging, business parks, industrial, logistics and data centres, primarily in Singapore, China and Vietnam. CLD emphasises master planning, innovative design and sustainable solutions to create vibrant spaces that enrich communities, and has earned multiple accolades for its project quality and execution.

02Track Record

Selected past developments.

A sampling of residential projects from the consortium partners.

Principal Gardens
01 — UOL Group — Prince Charles Crescent

Archipelago
02 — UOL Group — Bedok Reservoir

Nassim Park Residences
03 — UOL Group — Nassim Road

References are for context only. Official developer logos and marks are not used or implied on this website.