The Upper Thomson (Parcel A) GLS site is adjacent to Springleaf Residence. The site is expected to yield around 595 residential units and 2,000 sq m of commercial space, with direct connectivity to Springleaf MRT station on the Thomson-East Coast Line (Source: BT Image)
Tender for the Upper Thomson Road (Parcel A) Government Land Sales (GLS) site closed on October 23, 2025 with Wee Hur Holdings and its largest shareholder, the Goh family-controlled GSC Holdings, submitting the top bid for this 262,875 sqft plot of land.
Wee Hur's bid of $613.94 million works out to a land rate of $1,062 psf per plot ratio (ppr) — the highest among the five contenders. The second-highest bid, which came from a joint venture between Frasers Property and Soilbuild Holdings, was around 2% lower at $601.5 million ($1,040 psf ppr).
Meanwhile, the third highest bidder, a joint venture between GuocoLand, Hong Leong Holdings, and TID (a partnership between Hong Leong Group and Mitsui Fudosan), submitted a bid of $546.5 million, or $945 psf ppr.
The Upper Thomson Road (Parcel A) Government Land Sales (GLS) site was released for on June 24 2025 for the 2nd time, under the first half 2025 GLS programme. This 99-year leasehold plot of land has a gross plot ratio of 2.2 and is expected to yield approximately 595 residential units with commercial mall at the first storey with an estimated 21,528 sqft of commercial space.
Previously, the tender for this residential Government Land Sale (GLS) site along Upper Thomson Road closed on June 19 with no bids submitted because the URA previously required the developer to also build 100 long-stay serviced apartments in the land bid.
"The previous requirement to build long-stay serviced apartments by the URA was quite unusual as Springleaf area may see little demand for long-stay serviced apartments." said Kiwi Lim, Associate Group Director of PropNex Realty. "therefore developers were expected to make low offers of less than S$1,000 psf ppr before the tender closed with no bidders."
Right beside this plot of land is Springleaf Residence jointly developed by GuocoLand and Hong Leong which saw an amazing 92% of its total units (870 of the total 941 units) sold off the shelves during the first preview weekend sale at an average price of $2,175 psf.
Almost all of the 340 two-bedroom units in the five 25-storey towers were sold out, and 95% the 384 three-bedroom units and 138 four-bedroom types were taken up. Five-bedroom units saw 45% of the 71 units sold.
According to GuocoLand, the strong demand also reflects market confidence in the Springleaf area’s growth potential, in line with URA’s vision of Springleaf as a vibrant neighborhood that harmonizes urban living with natural spaces kickstarting the Springleaf transformation into one of Singapore’s most potentially sought-after private residential enclaves.
The Springleaf estate has a laid-back, community-driven feel with nearby cafés, eateries and cycling trails along the Lentor–Mandai green corridor. It’s popular among families, professionals and retirees who appreciate a slower, more mindful pace of living. Buyers for Springleaf estate include local private property residents in the Springleaf area as well as HDB upgraders from nearby HDB estates. Between 2022 and 2025, some 4,800 flats in nearby HDB estates attained their minimum occupation period.
The Sen is targeted for preview on Oct 31, with the official launch on Nov 15. The private condominium comprises 347 units with Beauty World MRT Station (Downtown Line) just a six-minute bus ride away
Springleaf is surrounded by lush greenery, parks, and nature reserves — including Springleaf Nature Park, the Upper Seletar Reservoir and the Central Catchment Area. The estate offers a calm, leafy environment where residents wake up to birdsong and cool morning air — a true contrast to the hustle of city life. Despite its peaceful setting, Springleaf is surprisingly well-connected. The Springleaf MRT Station (Thomson-East Coast Line) links residents directly to Orchard, Marina Bay and the CBD — making it ideal for those who want quiet living without sacrificing convenience.
"Springleaf estate offers what many city dwellers crave — peace, space and connection with nature, without giving up the perks of urban convenience." said Kiwi Lim. "It’s not just a place to live — it’s a way to reconnect with what matters most. The appeal of Springleaf estate lies in its rare blend of tranquil nature, exclusivity and connectivity — a combination that’s increasingly hard to find in Singapore. Based on the land price of $1,062 psf ppr, the selling price for this new integrated condo project may start from an attractive price of $2,400 psf onwards when its launched for sale in 2027."
The future development will enjoy direct underground connectivity to Springleaf MRT Station on the Thomson-East Coast Line. The site is also adjacent to Springleaf Forest, Springleaf Nature Park and Lower Seletar Reservoir, as well as across the road from famous eateries such as the Springleaf Prata Place, Casuarina Curry and Pacamara Boutique Coffee Roasters.
Source: Business Times and Edgeprop
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