Hougang Central GLS Awarded — What Buyers Should Know
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- Hougang Central Residences Research Desk
The Government Land Sales site at Hougang Central was awarded on 14 January 2026 to a consortium comprising CapitaLand Integrated Commercial Trust (CICT), CapitaLand Development and UOL Group, for approximately S$1.5 billion — about S$1,179 per square foot per plot ratio. It was the first GLS parcel released in the Hougang area since 2019.
The tender result in brief
- Tender closed 16 December 2025 with three bids.
- Top bid: approximately S$1.5 billion, or S$1,179 psf ppr.
- The bid was submitted by Horizon Residential — CapitaLand Development, UOL Group, Singapore Land and Kheng Leong — together with Horizon Commercial, a CICT vehicle.
- The next-highest bid came from the Sim Lian group at about S$1.47 billion (S$1,155 psf ppr); a Frasers Property-led consortium bid about S$1.4 billion (S$1,101 psf ppr).
- Bids exceeded pre-tender analyst expectations of roughly S$800 to S$1,000 psf ppr.
What is being built
The 4.7-hectare site is zoned for commercial and residential use on a 99-year lease, with a gross floor area of about 1.273 million sq ft. The scheme is planned to deliver approximately 835 homes above more than 430,000 sq ft of commercial gross floor area — around 300,000 sq ft of retail net lettable area, which would make it the largest mall in Hougang. Part of the development sits above the existing Hougang MRT station and must be integrated with a rebuilt bus interchange.
Why the land price matters to buyers
Land cost is the single largest input into a new launch price. A land rate of S$1,179 psf ppr places this site materially above earlier integrated GLS parcels, and commentary at the time of the tender pointed to eventual launch pricing in the region of S$2,500 to S$2,600 psf or higher. That figure is a market estimate from analysts, not a developer price list. No pricing has been released.
What is still unconfirmed
- Official project name — not announced.
- Launch date and preview date — not announced.
- Price list and PSF — not released.
- Unit mix and floor plans — not released.
- Showflat location and opening — not announced.
- Expected TOP — not announced.
Information on this page is compiled from public announcements and media reports. Project particulars that have not been officially released by the developer are described as expected, estimated or to be confirmed.