Bayshore Drive GLS: Price, Site and Launch Guide
The largest single residential land bill in the 2026 pipeline: $2.13 billion, $1,323 psf ppr, on 617,848 sq ft beside the new Bayshore MRT. Four developers went in together because one alone would not carry it.
Upcoming launch — estimated 4Q 2027
In short: Bayshore Drive GLS is an unnamed 99-year leasehold condominium site in District 16, awarded on 15 July 2026 to a four-way consortium of Sunway MCL, Lum Chang, Frasers Property and Sekisui House for $2.128 billion, or $1,323 per square foot per plot ratio. The site is 617,848 sq ft with roughly 1.61 million sq ft of gross floor area, which points to somewhere near 1,600–1,800 homes. Launch is expected around 4Q 2027. No price list exists yet; my land-cost model puts the launch average in the $2,370–$2,590 psf range.
Bayshore Drive GLS at a glance
Sources: URA Government Land Sales tender record, awarded 15 July 2026 · PropNex local-project data, 7 Aug 2026 · Updated 7 Aug 2026
| Location | Bayshore Drive, District 16 — Bedok, Upper East Coast, Eastwood, Kew Drive · Outside Central Region |
|---|---|
| Developer | Sunway MCL, Lum Chang Building Contractors, Frasers Property and Sekisui House |
| Tenure | 99-year leasehold |
| Site area | 617,848 sq ft |
| Gross floor area | 1,608,466 sq ft · plot ratio ≈ 2.60 |
| Land price | $2.13 billion · $1,323 psf ppr |
| Total units | Not yet published |
| Nearest MRT | Bayshore (Thomson–East Coast Line (TE29)) · Bedok South (Thomson–East Coast Line (TE30)) · Sungei Bedok (TEL / Downtown Line interchange (TE31 / DT37)) |
| Expected launch | Estimated 4Q 2027 — not confirmed by the developer |
| Est. TOP | Not yet published |
| Indicative pricing | Not released. Modelled range $2,370–$2,590 psf — see the pricing section |
Swipe to see the full table →
My take
The honest read on Bayshore Drive GLS
Start with the cheque. $2.128 billion is the number, and it is not a number one developer writes on its own. Four names went in together — Sunway MCL, Lum Chang, Frasers Property and Sekisui House. A four-way consortium is not a show of conviction so much as a show of risk-sharing. Read it that way and a lot follows.
At $1,323 psf ppr the land is not cheap for the Outside Central Region, but it is not stretched either. What is unusual is the scale. 617,848 sq ft of land carrying roughly 1.61 million sq ft of gross floor area is one of the largest residential parcels the state has released in the east this decade. On a typical 900-odd sq ft average unit that is on the order of 1,600 to 1,800 homes.
Scale changes everything about how you should buy here. A project this size does not sell out on a launch weekend, and it is not meant to. It sells in phases over a year or more, which means the early phase carries the cheapest pricing and the worst information — you are choosing a stack before you can see how the rest of the project prices. It also means that when you come to sell, you are competing with several hundred neighbours holding identical layouts.
The compensation is the precinct itself. Bayshore was master-planned as a housing area built around a station that already exists, with the Bayshore stop on the Thomson–East Coast Line and the Sungei Bedok interchange down the line. Buying into the first wave of a planned precinct has historically worked in Singapore, because the amenities arrive after you do and the entry price reflects the fact that they have not.
The thing I would not do is treat the consortium structure as a footnote. Four-party JVs are slower to make pricing decisions and more likely to price to clear rather than to hold out for a headline psf. That usually favours the early buyer.
This suits you if you want a large, facility-heavy project in the east with a real MRT station attached, you are buying early in a precinct that is still being built out, and you are comfortable that the project will still be selling units two years after you book yours.
Skip it if you need scarcity for resale. In a project of this size your exit is always going to be a queue. Skip it too if you want to see the full price list before you choose your stack — in a phased launch of this scale, you never will.
Pricing
Bayshore Drive GLS price: what the land bill implies
The developer has not released prices. What follows is an estimate built from the land bid, not a price list.
The consortium paid $2.128 billion for the site, which works out at $1,323 per square foot per plot ratio. That figure is public, from the tender record, and it is the single most reliable early signal of where the launch price lands.
A four-party consortium changes the margin assumption slightly. Each partner takes a smaller absolute profit, and the group has more incentive to move volume quickly than to defend a headline psf. I have modelled the normal 12–22% margin band anyway, but I would expect this one to price toward the lower half of the range on the first phase.
My model. Land cost is fact; every other line is a stated assumption. Nothing here is a price list.
| Line | $ psf | Where it comes from |
|---|---|---|
| Land | $1,323 | Confirmed — URA GLS tender, awarded 15 July 2026 |
| Construction | $520 | My assumption for a large-format Outside Central Region condominium in 2026 |
| Interest, marketing, fees, contingency | +15% | My assumption — finance over the build, agency, professional fees |
| Estimated breakeven | ≈ $2,119 | Land + build + soft costs |
| Developer margin | 12–22% | The normal band for a Singapore launch |
| Modelled launch average | $2,370–$2,590 | An estimate, not a price |
Swipe to see the full table →
Two things this model cannot know: the unit mix, and how hard the developer wants to clear the first weekend. A mix weighted to compact units lifts the average psf without changing the maths above; a developer under ABSD time pressure prices at the bottom of the band and moves stock. When the Bayshore consortium releases the real price list I will publish it here and leave this estimate visible next to it, right or wrong.
The site
The site: 617,848 sq ft, and what that actually means
The parcel is 617,848 sq ft, with a gross floor area implied by the tender of about 1,608,000 sq ft. That is a plot ratio of roughly 2.6 — mid-rise-to-high-rise density, not a tower cluster and not a low-rise enclave.
On a residential average of around 900 sq ft per unit, that GFA supports something in the region of 1,600 to 1,800 homes. That is my arithmetic, not a developer figure, and the real count will depend on the mix and on any non-residential floor area the tender conditions require.
A site this large almost always comes with a full facilities deck — multiple pools, a proper clubhouse, tennis, function rooms — because the maintenance base can carry it. That is a genuine advantage of scale, and it is also the reason monthly maintenance in large projects is often lower per unit than in a 200-unit boutique block.
Location
Where Bayshore Drive GLS actually is
The site sits in the Bayshore precinct in District 16, on the eastern side of Singapore between Upper East Coast Road and the East Coast Park corridor. This is the old Bayshore area, long dominated by 1980s and 1990s condominiums, now being rebuilt as a planned housing precinct.
The single most important fact about the location is that the MRT came first. Bayshore station on the Thomson–East Coast Line is already open, and Sungei Bedok gives an interchange onto the Downtown Line. Most new precincts in Singapore get their station years after the first residents move in. This one did not.
East Coast Park is the amenity that makes this address, and it is genuinely close — close enough that the park, not the mall, becomes the weekend default. Everyday retail leans on the existing Bedok and Siglap options rather than anything on-site, at least until the precinct fills out.
| Station | Line | Note |
|---|---|---|
| Bayshore | Thomson–East Coast Line (TE29) | The station this precinct was planned around |
| Bedok South | Thomson–East Coast Line (TE30) | The next stop west |
| Sungei Bedok | TEL / Downtown Line interchange (TE31 / DT37) | Interchange to the Downtown Line |
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Site coordinates for this parcel are 1.31683713, 103.94945886 — check the exact walk yourself before you rely on anyone's number, mine included.
Who is building it
Who is building it: a four-way consortium
Four parties hold this site. Frasers Property is the most familiar name to Singapore buyers, with Rivière, Parc Greenwich EC and Sky Eden@Bedok behind it, and a long record of delivering large residential projects on time. Sekisui House is one of Japan's largest homebuilders and has worked in Singapore before, most visibly on Hallmark Residences and as a partner on The Woodleigh Residences.
Lum Chang is best known as a main contractor — it has built a great deal of Singapore, including MRT stations — and takes a development stake here. Sunway MCL brings the Sunway Group's Malaysian development experience alongside MCL Land's Singapore record.
What that mix tells you: this is a build-and-deliver consortium rather than a design-led one. Construction risk on a project this size is the real risk, and having the contractor inside the ownership structure materially reduces it. What you should not expect is the kind of architectural statement a single owner-developer makes when it wants a trophy.
Payment
What you actually pay, and when
This is a private condominium, so there is no eligibility gate — only stamp duty and financing.
| Stage | % of price | When |
|---|---|---|
| Booking fee | 5% | Booking day, by cheque. Buys the Option to Purchase |
| On signing the S&P | 15% | Within about 8–9 weeks, cash or CPF, plus stamp duties |
| Foundation | 10% | First progressive draw, typically loan-funded |
| Structure, walls, roof, wiring, car park | 40% | Drawn in five stages as construction progresses |
| TOP | 25% | On Temporary Occupation Permit |
| CSC | 5% | Held until the Certificate of Statutory Completion |
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Buyer's Stamp Duty is payable by everyone. Additional Buyer's Stamp Duty depends on how many residential properties you already hold and on your residency: 20% for a citizen's second property, 30% for a third, and 60% for foreign buyers at 2026 rates. Singapore Permanent Residents pay 5% on a first property. Work out your number on the ABSD calculator before the showflat, not after.
Alternatives
Bayshore Drive GLS vs the other eastern launches
The east has three live pipeline sites at once. They are not interchangeable — the differences in size and land cost are large enough to point at different buyers.
Land prices are from public tender records. Launch timing is the developer's or the market's expectation, not a confirmed date · Updated 7 August 2026
| Project | Where | Units | Land $ psf ppr | Expected launch | The honest difference |
|---|---|---|---|---|---|
| Bedok Rise GLS | D16 Bedok Rise | 380 | $1,330 | Est. Q1 2027 | Almost the same land cost on a site one-third the size — a boutique alternative to this one |
| Tanjong Rhu Road GLS | D15 Tanjong Rhu · RCR | 525 | $1,455 | Est. Q2 2027 | Closer to town, waterfront setting, higher land cost — a different buyer entirely |
| Resale in the Bayshore area | D16 · existing stock | — | n/a | Available now | Older leasehold condos with large layouts, no MRT premium priced in yet. Worth pricing against before you commit |
Swipe to see all columns →
If you want the east and you want it now rather than in 2027, the honest comparison is not another launch — it is the existing resale stock in the same precinct, which you can walk through this weekend and move into this year. I will run that comparison on your actual numbers if you ask.
Timeline
When Bayshore Drive GLS launches, and how a launch actually works
| Milestone | Date | Status |
|---|---|---|
| Land tender awarded | 15 July 2026 | Confirmed |
| Showflat preview | Estimated 4Q 2027 | Expected |
| E-application window | Announced about 2 weeks before booking | Expected |
| Booking day | Typically 1–2 weeks after preview opens | Expected |
| Estimated TOP | Not yet published | Expected |
Swipe to see the full table →
- Preview. The showflat opens, usually for around two weeks. Walking in costs nothing, and registering for the e-application costs nothing and commits you to nothing.
- E-application and ballot. If registered buyers outnumber units, a ballot sets the order in which people pick. Ballot position is luck. Being registered in time is not.
- Booking day. Bring a cheque and an in-principle loan approval. Five percent secures the unit. Hesitation costs you your stack.
- Sale and Purchase. Within about nine weeks you sign the S&P and pay the next 15% in cash or CPF, plus stamp duties. Progressive payments follow construction from there.
There is no countdown on this page and there never will be. The only real deadline in a launch is the e-application window, and I will tell you the day it is announced.
Common questions
Bayshore Drive GLS: questions people actually ask
No price list exists. Working from the confirmed land cost of $1,323 psf ppr, adding a construction assumption of $520 psf and 15% for interest, marketing and fees, breakeven lands near $2,119 psf. At a normal developer margin that points to a launch average of roughly $2,370–$2,590 psf. That is my model, not the developer's number, and I will replace it with the real price list the day it is released.
The developer has not published a unit count. The tender implies about 1.61 million sq ft of gross floor area, which at a typical 900 sq ft average supports somewhere near 1,600–1,800 homes. Treat that as arithmetic, not a fact.
A four-party consortium: Sunway MCL, Lum Chang Building Contractors, Frasers Property and Sekisui House. They paid $2.128 billion for the site in a URA Government Land Sales tender awarded on 15 July 2026.
Bayshore station on the Thomson–East Coast Line (TE29) serves the precinct, with Bedok South (TE30) and the Sungei Bedok TEL/Downtown Line interchange (TE31/DT37) nearby. I publish measured walking times only after walking the route, so those are not on this page yet.
The market expectation is around the fourth quarter of 2027. Nothing is confirmed — the developer has not announced a preview date. Register and I will send you the date the day it is announced.
No. It is a 99-year leasehold site sold through Government Land Sales. The lease runs from the date of the land agreement, not from TOP, which is worth remembering when you compare it against freehold resale stock in the same area.
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Keep reading
- The full 2026–2027 launch pipeline — every confirmed site, with land bids
- All project pages on this site
- How developers actually price a launch — the maths behind the psf
- New launch vs resale — which one wins on your numbers
- Buying a resale condo — the alternative worth pricing against