Upcoming · GLS Site · Rest of Central Region

Margaret Drive

A new address, taking shape.

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$1,154Land $psf ppr

~460Est. units

430,491 sqftMax GFA

99-yrTenure

RCRRegion

7 Aug 2024Site awarded

The Site

What we know, on the record

Straight from the Government Land Sales record — no showflat spin. This site was awarded to Intrepid Investments Pte. Ltd., Hong Realty (Private) Limited and GuocoLand (Singapore) Pte. Ltd; here is what that tells a buyer today.

SiteMargaret Drive
Planning areaQueenstown
Permitted useResidential
Awarded toIntrepid Investments Pte. Ltd., Hong Realty (Private) Limited and GuocoLand (Singapore) Pte. Ltd
Winning tender$497.0M
Land cost$1,154 psf ppr
Plot ratio4.2
Bids at tender2

Source: URA Government Land Sales (data.gov.sg), Open Data Licence. A site like this typically launches as a branded development 12–24 months after award.

POV Analysis

What the land price is really telling you

Land cost is the floor under every future price here. At $1,154 psf ppr, the maths points to a launch band you can plan around — and being early is the only time you get first pick of stack, view and price.

$1,154land cost psf ppr the developer actually paid

$1,900–2,350our indicative launch PSF band (land + build + margin — an estimate, not a quote)

~460homes expected — smaller launches sell out faster

$497Mcommitted by the developer — they need to sell to profit

Want the full read? We'll send the comparable recent launches nearby, the likely price ladder, and which stacks to watch — WhatsApp us.

Estimates are indicative, derived from public land-cost data and typical construction/margin assumptions; actual launch pricing is set by the developer and may differ materially. Not financial advice.

Location Details

Where it sits

At a glance

RegionRest of Central Region
AreaQueenstown

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