On March 18, 2025, a prime plot next to Bayshore MRT station along Singapore’s eastern coastline set a new benchmark for suburban real estate. This 99-year leasehold site in the Bayshore precinct fetched a record-breaking S$1,388 per square foot per plot ratio (psf ppr)—the highest ever for a private housing site in Singapore’s Outside Central Region (OCR) at a government land sale (GLS). With analyst predicting launch prices starting at S$2,700 psf from 2025 onward, this sale signals a shift in the OCR market that could redefine your real estate journey. Whether you’re a homebuyer, investor, or HDB upgrader, here’s why this matters and how you can ride the wave.
A Record-Breaking Tender: What Went Down?
The Bayshore Road site, set to yield about 515 private homes, sparked a bidding war among developers. A tie-up between SingHaiyi Group and Haiyi Holdings won with S$658.9 million—or S$1,388 psf ppr—beating Sing Holdings’ S$1,377 psf ppr by a razor-thin 0.8%. Other big players like City Developments (S$1,308 psf ppr) and a Sim Lian joint venture (S$1,022 psf ppr) also competed, making this the most active GLS tender for a private housing site since January 2022.
Why the frenzy? Analysts say it’s a mix of a prime location, upbeat market sentiment, and the allure of being first in the Bayshore precinct. This S$1,388 psf ppr price smashed the previous OCR record of S$1,250 psf ppr set in Clementi in 2023. More importantly, it hints at future home prices starting at S$2,700 psf and averaging above S$2,800 psf when the project launches in 2025 or later—a game-changer for suburban condos.
Why Bayshore Road Commands Such a High Price
This isn’t just any plot. Here’s what makes it a standout:
- Prime Connectivity: Next to Bayshore MRT on the Thomson-East Coast Line, it’s a commuter’s dream. The nearby East Coast Parkway adds driving convenience.
- Family Appeal: Temasek Primary School is within 1 km, perfect for young families. A future mixed development at Bedok South MRT, one stop away, will bring shops and homes.
- Waterfront Potential: Some units could boast views of East Coast Park—a rare perk for OCR properties.
- Untapped Demand: The area hasn’t seen major private launches since The Bayshore (1990s) and Costa Del Sol (2000). HDB upgraders from Bedok and Marine Parade are ready for fresh options.
- New Precinct Buzz: Bayshore will feature 10,000 homes—3,000 private and 7,000 HDB—transforming reclaimed land into a waterfront hotspot.
These strengths drove the record-high land price—and experts see S$2,700 psf as the starting line for homes here from 2025.
A New Price Benchmark for OCR in 2025 and Beyond
The S$1,388 psf ppr bid isn’t just a number—it’s a signal. Analysts estimate that when this project hits the market, likely in 2025 or later, selling prices could begin at S$2,700 psf and climb past S$2,800 psf, depending on design and finishes. That’s a big leap from the S$858 psf ppr paid for the nearby Seaside Residences site in 2016, which launched at lower rates and sold out by 2021.
Even more striking? This Bayshore price tops some central-area sites sold in 2024, like Zion Road (S$1,202–S$1,304 psf ppr) and Holland Drive (S$1,285 psf ppr). For the OCR—typically seen as more affordable—this shift blurs the lines between suburban and central markets. It’s proof that prime features like MRT access and views can push OCR prices to new heights, starting with Bayshore in 2025.
What This Means for Your Real Estate Plans
A potential $2,700 psf price tag in the OCR from 2025 onward changes the game. Here’s how it impacts you:
- Homebuyers: Dreaming of a modern condo with sea views and MRT access? Bayshore’s upcoming launch could be your shot—though S$2,700 psf means planning your budget now.
- Investors: High land costs reflect developer confidence, hinting at strong rental and resale potential. The MRT and schools nearby could draw tenants fast.
- Upgraders: If you’re in Bedok, Tampines, or Marine Parade, this could be your upgrade moment. But with prices rising, timing your move will be key.
Developers will need to mix units smartly—smaller ones for investors, mid-sized for families, and larger options for rightsizing landed owners from Kew or Sennett estates. At S$2,700 psf, affordability and value will be top of mind.
Looking Back: How OCR Prices Have Evolved
Compare this to Seaside Residences, 1.5 km away in Siglap. Sold for S$858 psf ppr in 2016, it launched in 2017 and sold out by 2021 at lower psf rates than Bayshore’s projected S$2,700. That success shows OCR projects can shine with the right location—and Bayshore’s MRT edge and views could take it further. From 2025, this S$2,700 psf benchmark may set the tone for other OCR launches, making early action crucial.
The Future of Bayshore—and Your Next Move
The Bayshore precinct is gearing up for big things. HDB’s Bayshore Vista and Bayshore Palms launched in October 2024, and this GLS site kicks off the private housing wave. With 10,000 homes planned, this area could rival top OCR neighborhoods by 2025. At S$2,700 psf or more, the Bayshore Road project will test buyer appetite—but its unique perks could make it a hit.
For you, it’s about preparation. Will S$2,700 psf fit your goals? Could you snag a view-facing unit or one near the MRT? Start thinking now, because 2025 is closer than it seems.
Explore Options Before Higher Prices Hit
While Bayshore brews, check out nearby or alternative projects to gauge the market:
- Bagnall Haus: In Bedok, this freehold condo goes for around S$2,400 psf—less than Bayshore’s projected S$2,700 psf, with no lease expiry. See more at propertynet.sg/project/bagnall-haus/.
- Other Launches: Not fixed on the east? Browse island-wide options at propertynet.sg/new-launches-private-condo-executive-condo/. Find condos or ECs that match your budget before OCR prices climb.
Stay in the Loop for Bayshore’s $2,700 psf Launch
The Bayshore Road sale proves OCR prices are soaring—potentially hitting S$2,700 psf from 2025. Want first dibs on launch details? Join our WhatsApp or Telegram channel, or sign up for our mailing list. We’ll ping you when Bayshore GLS info drops, keeping you ahead of the curve.
Wrapping Up
The record-high S$1,388 psf ppr for Bayshore Road isn’t just a developer milestone—it’s a wake-up call for you. With OCR homes possibly starting at S$2,700 psf in 2025, the suburban market is heating up fast. Whether you’re buying to live, invest, or upgrade, this shift offers chances to jump in early. Explore today’s options, compare prices like Bagnall Haus’ S$2,400 psf, and stay tuned for Bayshore’s big reveal. Your real estate journey could hit new highs—starting now!
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