Why this Dunman Road site could attract developer bids of $1.3b

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Property developers are plagued by depleted land banks this year; so it’s not surprising we’ll see more competition for GLS sites. However, the upcoming Dunman Road site is likely to come with a daunting price tag – at potential prices of over $1 billion, it’s only the boldest developers who might go for it. Here’s what’s special about the site:...

This massive plot is about 25,234 sqm, with a Gross Floor Area of around 88,321 sqm. It’s located between Dunman Road and Poole Road, and right next to the Geylang River.

Nonetheless, some could also see this as a reasonable price point, as the Dunman Road site is very well located:Close proximity to the Paya Lebar hubNote that we have seen GLS sites go for over a billion dollars before; one of the most recent being the Meanwhile, other schools within the one-kilometre priority enrolment range include Geylang Methodist Primary, Tanjong Katong Primary, Tanjong Katong Girls’, and Dunman High.

The quick sales at Parc Esta demonstrate this – a lot of buyers were drawn to the fact that it’s in Eunos, one train stop from PLQ. We do think the Dunman Road plot offers a similar advantage. In any case, the overall area is not as packed as you might expect, from an area so close to the city. It will be affected by how well the developer spaces out the blocks though, as a 1,000+ unit mega-development can quickly feel cramped if the space isn’t handled well.The interest in the Dunman Road site has some significance to the en-bloc scene.

 

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