Bayshore GLS Site Sets a New Benchmark

Authored by Raymond Tiah

The recent Government Land Sales (GLS) tender for Bayshore has made waves, setting a record at $1,388 per square foot (PSF) for a 99-year Overseas Chinese Reserve (OCR) site — the highest leasehold land price ever recorded in the Outside Central Region (OCR). This signals growing developer confidence in the area’s transformation potential.

• Site area: 112,992 sq ft

• An estimated 515 residential units

• Located beside Bayshore MRT (TE29) & Costa Del Sol

• Highest PSF achieved for a 99-year OCR site

Future Bayshore Begins Here

This marks the first private launch in the newly planned Bayshore precinct, envisioned to house around 10,000 new homes under the URA Masterplan. With the MRT at its doorstep, this site offers unparalleled connectivity and marks a pivotal starting point for the area’s revitalisation.

• First private plot in the new precinct (~10,000 homes)

• Direct access to TEL via Bayshore MRT

• 8 bidders, with top 3 bids neck-and-neck:

  1. Sing-Haiyi: $1,388 PSF

  2. Sing Holdings: $1,377 PSF

  3. CDL: $1,308 PSF

Why Developers Are Betting Big

Aggressive bidding wasn’t by chance — it reflects strategic positioning. The area is surrounded by ageing developments, making this new launch a rare first-mover play. Developers are capitalising on the opportunity to lead the next wave of transformation in Bayshore.

• Ageing neighbouring condos: Costa Del Sol, Bayshore Park

• First-mover advantage in an emerging precinct

• Potential for integrated development with commercial components

Lifestyle Draw: Seaside Access

One of Bayshore’s most underrated strengths is its lifestyle offering. With direct underpasses to East Coast Park and proximity to lifestyle amenities, the area appeals strongly to families and outdoor enthusiasts.

• Direct beach access via underpass to East Coast Park

• Walkable to Xtreme Skate Park & Lagoon Food Village

• Unblocked sea views (subject to change with Long Island project)

Proximity to Katong Lifestyle Hub

The site isn’t isolated — in fact, it’s well-connected to the vibrant Katong and Marine Parade districts, renowned for their diverse mix of local eateries, international schools, and an expat-friendly atmosphere.

• 3 TEL stops to Marine Parade (Parkway Parade, i12 Katong)

• Surrounded by cafés, tuition centres, and eateries

• Strong appeal to families and expats

Buyer Considerations

While the site has strong lifestyle and transformation appeal, buyers need to weigh a few limitations, especially those prioritising CBD proximity or school networks.

• Far from CBD despite MRT access

• Weak primary school options nearby (only Temasek Pri within 1km)

• No direct MRT to Changi Airport — requires a bus transfer

Final Word: A Strategic Launch for Long-Term Growth

Bayshore’s record land price isn’t just a headline — it’s a signal. Developers are looking long-term, betting on a precinct that will transform over the next decade. For buyers, this could be an early opportunity to secure a home or investment in a soon-to-be prime lifestyle district.

📩 Thinking about investing in Bayshore or curious how this could impact your property's value?

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