Bukit Timah Road at Newton Fetched $1,820 psf ppr on a Very Small Site

21 November 2025Blog District 9 CCR

The Bukit Timah Road land sale site, outlined in red beside Newton MRT station

On 21 November the Urban Redevelopment Authority awarded the Bukit Timah Road site to HH Investment Private Limited for $566,291,711.95 — $1,820 per square foot per plot ratio.

The site sits on Bukit Timah Road directly beside Newton MRT, an interchange on the North South and Downtown lines, next to Goodwood Hill.

What URA awarded


Site area	5,899.2 m² (63,498 sqft)
Maximum gross floor area	28,907 m² (311,152 sqft)
Allowable development	Residential
Tenure	99 years
Tendered price	$566,291,711.95 — $1,820 per square foot per plot ratio
Date of award	21 November 2025
URA expected completion	2030

Source: Urban Redevelopment Authority, November 2025.

A small piece of ground carrying a great deal of building

The number worth noticing is not the price — it is the plot ratio of about 4.9. The site is only 5,899 m², smaller than most single condominium plots, yet it carries 28,907 m² of floor area. Nearly five floors of building for every floor of land.

That is what a site directly on top of an MRT interchange is allowed to do, and it is why a plot this small commands half a billion dollars.

Site	District	psf ppr
Peck Hay Road	D9	$1,865
Bukit Timah Road	D9	$1,820
River Valley Green Parcel C	D9	$1,730
Dunearn Road	D11	$1,625
Holland Plain	D10	$1,491

Awarded land rates from the URA media releases for each site.

Among the sites awarded around it, only Peck Hay Road — a few hundred metres south, in the same District 9 pocket — went higher.

What I would take from this

If you are buying around Newton or Cairnhill, land beside the interchange has now been paid for at $1,820 psf ppr. That is the floor under whatever eventually launches here.

If you own in this stretch, two District 9 sites within a few hundred metres of each other have now been awarded at $1,820 and $1,865 psf ppr. Two developers, two tenders, and a spread of under 3% — that is a considered price for scarce ground, not auction fever.

If you are weighing prime against everything else, this is the line in the sand: land at a District 9 interchange costs a developer roughly $500 a foot more than the eastern and northern parcels awarded in the same months.

Common questions

Who won the Bukit Timah Road site?

HH Investment Private Limited, at $566,291,711.95 — about $1,820 per square foot per plot ratio. The award was announced on 21 November 2025.

How big is the Bukit Timah Road site?

5,899.2 square metres of land with a maximum gross floor area of 28,907 square metres (311,152 sq ft), on a 99-year lease, for residential use — a plot ratio of about 4.9.

Why did such a small site cost so much?

Because of how much can be built on it. The plot ratio of about 4.9 means nearly five floors of gross floor area for every floor of land, which is what a site beside an MRT interchange is permitted, and the land rate of $1,820 psf ppr reflects the location beside Newton station.