The tender for the Bayshore Road GLS (Government Land Sale) site has ignited significant buzz in Singapore’s property market, marking the launch of the first private residential project in the ambitious new Bayshore precinct. This landmark development is poised to redefine East Coast living, combining superior connectivity with the tranquil allure of a coastal environment.
Located along Bayshore Road in District 16, the 99-year leasehold site is strategically positioned for future residents. Its most compelling attribute is the doorstep access to the new Bayshore MRT Station on the Thomson-East Coast Line (TEL). This seamless integration with public transport dramatically enhances connectivity, allowing residents to reach key downtown areas like Marina Bay and Orchard directly and quickly. For drivers, the nearby East Coast Parkway (ECP) ensures a swift commute to the Central Business District (CBD) and Changi Airport.
The strong interest shown by developers, evidenced by a highly competitive tender process and a record-breaking bid from Sing-Haiyi Garnet Pte. Ltd., underscores the site's immense appeal and the market's confidence in the Bayshore Master Plan. The winning bid set a new benchmark for land prices in the Outside Central Region (OCR), reflecting the exceptional attributes of the plot, particularly the potential for unobstructed sea views across the East Coast Park.
The Bayshore Road GLS project is an Bayshore Road GLS inaugural step in transforming the wider Bayshore precinct into a vibrant, car-lite residential estate. The master plan envisions a well-thought-out neighbourhood that will eventually house around 10,000 homes, complemented by new amenities, commercial facilities, and expansive park spaces. Designed to encourage active lifestyles, the area will feature enhanced cycling networks and sheltered walkways, integrating with the Round Island Route and connecting residents to the beloved East Coast Park. Future residents can look forward to a comprehensive living environment with shops, eateries, and medical facilities all planned to cater to the new community.
This development is particularly timely, given the scarcity of new private housing launches in the Bayshore area for decades. It is expected to draw substantial interest from HDB upgraders in mature estates like Marine Parade and Bedok, as well as those seeking a modern home in a coveted eastern locale. With a potential yield of approximately 515 units, the future development on the Bayshore Road GLS site offers a first-mover advantage to residents, establishing a new standard for luxury and convenience in one of Singapore’s most appealing coastal addresses. It is more than just a new launch; it is the beginning of a key node in the East.
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