This Prime Waterfront Residential Site Drew Just One Bid — But Still Set A New RCR GLS Price RecordBy Stacked Homes • August 4, 2026A joint bid from Hong Leong Holdings and GuocoLand was the sole bid for a government land sale (GLS) site at Berlayer Drive, after the public tender closed on August 4. The developers had jointly submitted a $576 million bid for the 271,929 sq ft site, and the bid price translates to $1,515 psf per plot ratio (ppr). This is the second GLS site that the government has released in the new Berlayar district, which is largely being built on the site of the former Keppel Golf Course. She adds that some premium stacked could potentially exceed that price level depending on their views, orientation and product design. “A project at Berlayar Drive might draw some owner-occupier demand from HDB upgraders...Read the full article