The two sites could hold 320 homes in total, but only the unusual split parcel on East Coast Road is presently open for tender.
A 2,766 sq ft four-bedder sold for $8.28 million, narrowly lifting Latitude’s record despite being far larger than the previous benchmark unit.
Two compact Martin Modern units and two Wallich Residence homes found buyers, while most other prime lots went unsold.
The unchanged guide price matters less than a possible SA2 use—but planning optionality is neither approval nor proof of buyer demand.
August’s collapse mainly reflects a missing launch calendar; the weaker eight-month sales tally is the more consequential signal.
The reform reduces the majority needed to sell ageing private developments. It changes owners’ bargaining power, not project economics, and leaves the harder questions of HDB consent, compensation and rehousing unanswered.
The Jurong one-bedder led a selected comparison after property tax, but ownership costs and the price paid still decide whether the return holds.
Lower consent thresholds could unblock collective sales at developments aged 40 and above. Tougher initiation rules, commercial realities and a pending commencement date limit how far the reform goes.
The renovated executive apartment achieved a standout price in a softer resale market. Its real signal concerns a thin pool of unusually large homes—not every flat in Woodlands.
The proposed collective-sale reforms could revive the estate’s S$1.78 billion campaign, but owners must first approve a fresh agreement—and developers must still make the numbers work.
Proposed consent levels of 70% and 65% would help ageing estates organise a collective sale. Reserve prices, redevelopment costs and competition for land will still decide whether anyone buys.
The New Upper Changi Road tender reveals unusually strong developer conviction, but neither the land sale nor a near-S$3,000 psf launch has been confirmed.
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