Huttons’ comments on GLS sites at Champions Way and Lorong 1 Toa Payoh

25 May 2023

It has been more than ten years since a GLS site was sold in Woodlands. The last project launch was Parc Rosewood in 2012. Pent-up demand could drive interest for this site. The site is less than 5 minutes’ walk to Woodlands South MRT station. The harmonisation of GFA will have an effect on land bids. The site may see more than 3 bidders and a top bid of more than $650 psf ppr.

The Lorong 1 Toa Payoh GLS site on the Reserve List stands a high chance of being triggered for sale. It sits in the mature estate of Toa Payoh. With 5-room flats at The Peak @ Toa Payoh exceeding $1 million and quite a number of recently MOP-ed flats exceeding $800,000, there is a sizeable pool of potential HDB upgraders. If triggered and sold, the top bid could be more than $1,200 psf ppr.