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UOL-Led Consortium Submits Top Bid for New Upper Changi Road Site

On 1 September 2026, a 50:50 joint venture between UOL Consortium and CapitaLand Development (CLD) emerged as the highest bidder for a mega residential development site at New Upper Changi Road, with a bid of $1.43 billion or $1,537 psf ppr.

If awarded, the consortium plans to develop the 99-year leasehold government land sale site, which spans a total site area of 30,769 sqm.
In a joint statement, UOL and CLD said: “The site has exceptional locational attributes within a mature residential neighbourhood with excellent access to amenities. It is opposite Bedok Town Centre, less than five-minute walk of Bedok MRT station and Bedok Mall, as well as close to reputable schools and East Coast Park. Residential developments in the East are highly sought after and this project will appeal to a broad base of buyers, including HDB upgraders and residents from the surrounding landed housing estates.

“The mega site can accommodate over 1,000 units and a comprehensive range of facilities, catering to different lifestyle needs. The project will comprise 2- to 4-bedroom formats, keeping total price quantum realistic.

“This is another strategic partnership between UOL Consortium and CapitaLand Development, leveraging our joint capabilities. It represents a timely replenishment of the consortium’s residential pipeline, ahead of the launch of the 1,268-unit Thomson Reserve in mid-October, which we are seeing strong interests.”