1️⃣ What happened at Bedok Rise?
The recent GLS site at Bedok Rise, right next to Tanah Merah MRT, closed at about $1,330 psf ppr. What’s notable is that 10 developers competed for this site, showing strong developer confidence in the location and demand.
To compare, the earlier GLS site at Margaret Drive was sold at $1,154 psf ppr, but attracted only 2 bidders at that time.
The difference of the number of bids tells a clear story:
- Developers today are more optimistic,
- OCR land parcels are becoming more sought after,
- Buyers have shown they are willing to accept new price benchmarks.
These signals matter because GLS outcomes often foreshadow future condo launch prices.
2️⃣ How Land Price Translates to Launch Pricing
At Margaret Drive, a land cost of $1,154 PSF PPR produced a launch average of $2,800 PSF, with 97% of buyers snapping up units immediately.
This pattern typically holds:
- 🔼 Higher GLS land prices →
- 🔼 Higher predicted launch PSF →
- 🔼 Stronger buyer confidence when supply is limited.
With Bedok Rise’s $1,330 PSF PPR, launch pricing may sit:
- comfortably in the mid-to-high $2,000 PSF range,
- with potential for select units to cross $3,000 PSF,
especially given rising land costs and limited OCR supply.
Here's an interactive table of how pricing could move
3️⃣ What This Means for Buyers
If you’re worried that launch prices have moved beyond your reach, take heart — there are still undervalued pockets in the market. The key is to look beyond headline prices and dive into the data, comparing:
- Recent GLS land prices
- Current transaction prices by location, project and unit type
- Where some projects have yet to catch up with newer launches.
- Where new launches have attractive value propositions
This data-driven approach helps you spot properties priced below their potential, offering an edge.
4️⃣ How My Team Helps Clients
My team and I specialise in using real transaction data, rental yields, GLS benchmarks, and price-growth comparisons to help clients:
- ❌ Avoid overpaying during hype cycles
- 🎯 Identify genuinely undervalued projects & stacks
- 📊 Understand properties value gaps
- 📈 Leverage data to make confident buying decisions
Your purchase decision becomes driven by numbers, not noise.
5️⃣ Take the Next Step
If you want clarity in this rising market:
- ✅ Curious how Bedok Rise GLS might shape OCR launch prices?
- ✅ Want to identify undervalued units before prices climb further?
- ✅ Looking for data-backed insights tailored to your needs?