Former Turf City And Keppel Golf Course to be sold in 1st Half 2025

Bukit Timah is set to undergo significant transformation as the first private housing sites at the former Keppel Golf Course and Bukit Timah Turf City will be launched for sale in the first half of 2025. With a total of 8,505 units expected to be made available, including executive condominiums, this initiative aims to meet growing housing demands while enhancing the local landscape. You will find exciting opportunities for residential living that prioritize accessibility and community integration in these vibrant new precincts.

Overview of Housing Supply in 2025

A significant increase in private housing supply is anticipated in 2025, addressing the growing demand within the market. The confirmed list of sites will usher in approximately 8,505 units, boosting the overall private housing offerings, including executive condominiums (ECs), to around 57,200 units. These developments, especially in strategic locations like the former Keppel Golf Course and Bukit Timah Turf City, will cater to your housing needs in the coming years.

Increase in Units Available

Behind this surge in housing supply are well-planned initiatives to meet the population’s demand, with the addition of new precincts expected to provide diverse residential options. This increase from 8,140 units in late 2024 signifies an important shift in the market, offering you more choices and opportunities for homeownership.

Government Land Sales Programme

Between the confirmed and reserve lists, the Government Land Sales (GLS) programme plays a pivotal role in maintaining a balanced housing supply. The initiative comprises a mix of confirmed sites that will yield approximately 5,030 private residential units, alongside reserve sites that can produce an additional 3,475 units, thus ensuring a steady flow of housing options for you.

In addition to residential units, the GLS programme encompasses commercial and hotel developments to foster a vibrant ecosystem. With sites across key areas like Lakeside Drive and Upper Thomson Road, the intention is to enhance living conditions and support community growth. The flexible approach of the reserve list allows developers to respond to market demand, providing you with a range of choices that align with current trends and needs in the housing market.

New Housing Precincts

Some exciting developments are on the horizon in Singapore’s housing landscape, with new residential areas set to emerge at the former Keppel Golf Course and Bukit Timah Turf City. Together, these precincts will add significantly to the overall supply of private housing, providing you with a diverse selection of living options in vibrant locations.

Former Keppel Golf Course

After spanning 48 hectares, the former Keppel Golf Course will yield approximately 9,000 new homes, including around 6,000 public housing units. This prime location near the city centre is a key part of the Greater Southern Waterfront transformation, ensuring you access modern living within a dynamic environment.

Bukit Timah Turf City

Formerly an active sports and leisure hub, Bukit Timah Turf City is set for extensive long-term development, aiming to deliver between 15,000 and 20,000 homes over the next two to three decades. This area will prioritize a car-lite, pedestrian-friendly lifestyle, combining heritage buildings and green spaces to create a unique residential community just for you.

City planners envision Bukit Timah Turf City as a rejuvenated estate that not only preserves its rich heritage but also integrates modern living with nature. With its focus on walkability and environmental sustainability, you can enjoy a lifestyle that embraces both community and connectivity, making it an attractive option for families and individuals alike.

Detailed Breakdown of Confirmed List Sites

If you’re considering the first half of 2025 for your housing decisions, the confirmed list sites represent an exciting opportunity. With a total of 10 sites confirmed for development, you can anticipate a significant increase in private housing availability in various key locations, including the former Keppel Golf Course and Bukit Timah Turf City.

Residential Units

Among the offerings, approximately 5,030 residential units will be available from the confirmed sites, including around 980 executive condominium units. This increase will contribute to a total of around 57,200 units, accommodating the growing housing needs of your community.

Commercial Areas

The list of commercial spaces within these confirmed sites will include approximately 43,000 sq m of gross floor area (GFA), allowing for diverse business opportunities alongside residential developments.

Due to this substantial amount of commercial space allocated, you can expect a vibrant mix of businesses, services, and amenities right at your doorstep. This integration of commercial areas not only enhances the convenience of living in these locales but also fosters a thriving community environment, catering to your daily needs and preferences.

Reserve List Sites and Their Potential

Now, the reserve list sites present a significant opportunity for future developments, catering to changing housing demands. With various strategic locations, these sites contribute to a diversified supply of private housing, enhancing the overall options available in the market.

Expected Contributions

After reviewing the anticipated yield, the reserve list is set to provide additional residential units and commercial space to the growing urban landscape. This plan aims to align with the city’s housing needs while promoting development in desirable precincts.

Types of Developments

After examining the possible developments, you’ll find that the reserve list encompasses a variety of projects that can significantly enhance community living. Here’s a summary of what you can expect:

• Includes four private residential sites
• One commercial site available for development
• Three white sites allowing diverse usage
• One hotel site for hospitality options
• Altogether contributing to over 3,475 new residential units

Potential developments from the reserve list will create a vibrant mix of living, working, and leisure spaces. This diverse approach ensures that your housing needs can be met while also enhancing the local economy.

• Marketing spaces for shops and services
• Residential community infrastructures
• Creation of green areas for public enjoyment
• Integrating facilities for both commercial and residential use
• Possibility of mixed-use developments enhancing lifestyle

Also, the developments will reflect modern urban living, accommodating a variety of needs and preferences. By focusing on integrating residential, commercial, and recreational facilities, you’ll find that future living conditions are poised for improvement.

Market Response and Impact on Housing Prices

All eyes will be on the upcoming private housing developments slated for the first half of 2025. With the introduction of around 8,505 new units, you can expect potential shifts in the market landscape. The gradual increase in supply is anticipated to help moderate property prices, particularly against the backdrop of rising inventory levels, which have moved from 16,100 units in late 2021 to approximately 21,000 units by November 2024.

Demand for Executive Condominiums (ECs)

Among the key trends to watch is the growing appetite for Executive Condominiums (ECs). The inclusion of three EC sites in the upcoming Government Land Sales (GLS) programme reflects a timely response to the persistent demand among both developers and home buyers. With prices for new ECs steadily increasing, you may find this market particularly competitive as developers vie for these coveted sites.

Supply Stabilization

On the topic of supply stabilization, increased availability is set to play a significant role in maintaining market balance. The confirmed list sites for H1 2025 will contribute approximately 5,030 private residential units, with a reserve list providing an additional 3,475 units. This strategic approach not only supports housing availability but is also designed to curb rapid price escalation, allowing you to navigate the market more confidently.

Market dynamics are shifting as the government ramps up the supply of private housing to a total of about 57,200 units. This increase is critical for meeting future housing demands and stabilizing an otherwise fluctuating market. You should be aware that the steady rise in available units, particularly from the GLS programme, aims to mitigate escalating prices, offering you more options and potentially better value as a home buyer or investor in the residential sector.

Strategic Location Benefits

Keep in mind that the new private housing sites at the former Keppel Golf Course and Bukit Timah Turf City are strategically positioned near the city center. This prime location offers you easy access to bustling urban life while providing a peaceful residential environment, making it an ideal choice for both families and professionals.

Accessibility and Connectivity

Between the close proximity to major transport hubs like Telok Blangah MRT station and the quick connections to the Central Business District via HarbourFront station, your daily commutes and leisure outings are made more convenient, ensuring you stay connected to the heart of the city.

Future Development Prospects

Beside the immediate advantages of location, these sites promise significant long-term development potential. With plans to transform Bukit Timah Turf City into a vibrant, car-lite community featuring green spaces and heritage integration, your investment in this area could appreciate as it evolves over the next 20 to 30 years.

Hence, you can look forward to not only a unique living environment but also enhanced community facilities and infrastructure. The future development plans include a blend of residential, commercial, and recreational spaces, positioning you at the forefront of a thriving neighborhood as it transforms into a dynamic urban hub. With approximately 15,000 to 20,000 homes anticipated over the coming decades, your decision to invest now could yield substantial returns as the area develops.

To wrap up

Conclusively, the upcoming sale of private housing sites at the former Keppel Golf Course and Bukit Timah Turf City in the first half of 2025 presents a significant opportunity for you as a potential homebuyer or investor. With a total of 8,505 new units planned, including executive condominiums, this initiative aims to address your housing needs while enhancing the vibrancy of the Greater Southern Waterfront area. Stay informed about these developments, as they will shape the landscape of private housing in Singapore for years to come.