The group had also submitted bids for sites at Plantation Close (EC), Bayshore, Dunearn, Chuan Grove and Kallang Close, albeit without success.
City Developments’ (CDL) big bet on the Singapore residential market is paying off, says DBS Group Research analyst Tabitha Foo. The group has been actively participating in land tenders, reflecting clear intent and appetite to grow its land bank from prime and city-fringe locations to suburban mass-market projects and executive condominiums (ECs), the group is positioning to capture demand across different buyer segments, she adds.
With Lakeside Drive, Woodlands Drive 17 (EC), Senja Close (EC) and Tanjong Rhu Road now in its land bank and offering 1,800 units in total, CDL’s launch pipeline is secured through at least mid-2027.
