Tengah Garden Residences

The land breakeven for the Tengah Garden Avenue GLS site (site area 25,456 sqm, 99-year lease, expected 860 residential units with first-storey commercial) is approximately $821 psf ppr (per plot ratio), based on the top tender bid of $675 million submitted by a Hong Leong-led consortium (GuocoLand, Hong Leong Holdings, CSC Land) on 14 January 2025.

This breakeven reflects the site's GFA of 76,368 sqm and serves as a key pricing benchmark for the upcoming Tengah Garden Residences mixed-use development, Singapore's first private condo in Tengah. Actual selling prices will factor in construction costs, land premiums, and financing, typically yielding units 20-30% above breakeven depending on market conditions. For latest updates, check EdgeProp Singapore's GLS analytics.