Wing Tai–Metro JV Tops Bids for Second Turf City GLS Site at Dunearn Road — New Price Benchmark Set

The transformation of Bukit Timah’s Turf City has reached a major milestone, with the results for the second Dunearn Road GLS site now officially released.

A joint venture between Wing Tai Holdings and Metro Holdings emerged as the top bidder, submitting a winning bid of $532.99 million, translating to approximately $1,625 psf per plot ratio (ppr) — setting a new benchmark for the area.

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📊 Key Details of the Winning Bid

• Winning Developer: Wing Tai Holdings & Metro Holdings JV
• Top Bid: $532,999,999
• Land Rate: ~$1,625 psf ppr
• Total Bids Received: 6
• Site Location: Dunearn Road (Turf City)
• Zoning: Residential with commercial at 1st storey
• Lease: 99 years

This result reflects strong and competitive developer interest, reinforcing confidence in Turf City’s long-term potential.

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📈 A Clear Step-Up From the First GLS Site

This latest bid marks a significant increase from the first Turf City GLS site, which was awarded at:

• ~$1,410 psf ppr
• By a consortium led by Frasers Property, CSC Land & Sekisui House

👉 Previous GLS article:
https://turfcitycondos.com/second-gls-site-launched-at-turf-city-dunearn-road-plot-set-to-anchor-new-residential-precinct/

The jump to ~$1,625 psf ppr suggests:

✔ Developers are pricing in future growth
✔ Confidence in MRT-led transformation
✔ Expectation of strong buyer demand

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🚇 Why Developers Are Betting Big on Turf City

Several key factors are driving this aggressive bidding:

1️⃣ Future MRT Connectivity

The upcoming Turf City MRT Station on the Cross Island Line will significantly enhance accessibility across Singapore.

👉 MRT impact:
https://turfcitycondos.com/%f0%9f%9a%87-how-the-cross-island-line-will-boost-property-prices-around-turf-city/

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2️⃣ Rare Large-Scale Development in Bukit Timah

Turf City represents one of the few large land parcels available in a prime district, making it a strategic opportunity for developers.

👉 Scarcity insight:
https://turfcitycondos.com/why-new-supply-in-bukit-timah-is-so-rare-and-why-turf-city-matters/

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3️⃣ Masterplanned Township Vision

The area is set to become a fully integrated residential estate with:

• Homes
• Commercial spaces
• Nature parks
• Community infrastructure

👉 Masterplan:
https://turfcitycondos.com/turf-city-redevelopment-2025-everything-you-need-to-know/

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💰 What This Means for Future Condo Prices

The new land rate of ~$1,625 psf ppr has important implications:

🔺 Higher Future Launch Prices

Developers will likely price new launches at a premium to maintain margins

🔺 Stronger Price Floor

Earlier launches may benefit from upward repricing

🔺 Market Validation

This bid confirms Turf City is no longer speculative — it is now a validated growth district

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🏗️ Impact on Upcoming Launches (Including Dunearn House)

With land costs rising, upcoming developments — including Dunearn House — may see:

• Stronger launch pricing
• Higher buyer demand due to limited supply
• Increased attention from both homeowners and investors

👉 Dunearn House preview:
https://turfcitycondos.com/turf-city-new-launch-vs-resale-condos-in-bukit-timah/

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📊 Developer Competition Signals Confidence

The presence of six competitive bids — including major developers — indicates:

✔ High confidence in long-term demand
✔ Strong belief in Bukit Timah’s resilience
✔ Recognition of Turf City’s strategic importance

This level of competition is typically seen in high-potential transformation zones.

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📢 Final Thoughts

The record-setting bid for the second Dunearn Road GLS site marks a defining moment for Turf City.

From a planning concept to a fully validated development zone, Turf City is now firmly on the radar of both developers and buyers.

For property seekers, this reinforces a key takeaway:

👉 The window for early entry is narrowing as prices begin to establish new benchmarks.

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📲 Register early for Turf City & Dunearn House updates:
https://turfcitycondos.com/register