Elgin Tan Property 陈彦硕

Elgin Tan Property 陈彦硕 Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Elgin Tan Property 陈彦硕, 450 Lorong 6 Toa Payoh, Singapore.

On this page, I share insights on the Singapore property market, including new launches, resale opportunities, pricing trends and real data — so you can make informed decisions with clarity and confidence.

19/05/2026

Want to buy a second property after HDB MOP? Here are some things you need to know…

08/05/2026

ECs were meant for the middle class - what went wrong? Can the new measures work?

05/05/2026

$3,000 PSF in OCR… Bubble or the New Normal?

A buyer recently asked me:
“I bought my condo at $700 PSF back in 2007… how did it become 4x more expensive?”

Fair question. But here’s the reality:

📈 Land prices are rising rapidly
📊 GLS sites in the same area jumped ~15–40% in just a few years

And what most people don’t realise is this:

👉 Today’s land price = Tomorrow’s property price

⚠️ So What’s The Real Risk?

It’s not just whether prices are “high”…

👉 It’s whether you’re entering at the wrong point
👉 Or choosing the wrong project

Because in this market:

✔️ Some projects will continue to push new benchmarks
❌ Others may struggle to catch up

💡 What Smart Buyers Are Watching

They’re not just looking at showflat crowds.

They’re analysing:

✔️ Land prices (GLS trends)
✔️ Future supply in the area
✔️ Entry timing before the next price jump

⏳ The Window Is Narrowing

As new launches set higher benchmarks,
👉 resale prices will eventually catch up

Which means:

👉 The gap you see today… may not be there tomorrow

👇 Don’t Guess, Plan

If you’re thinking of entering the market,
I’ll help you:

✔️ Identify projects with real upside
✔️ Avoid overpaying in today’s cycle
✔️ Structure your entry with a clear strategy

📩 DM me “ANALYSIS” for a personalised breakdown

𝐒𝐞𝐜𝐨𝐧𝐝 𝐃𝐮𝐧𝐞𝐚𝐫𝐧 𝐑𝐨𝐚𝐝 𝐆𝐋𝐒 𝐒𝐢𝐭𝐞 𝐃𝐫𝐚𝐰𝐬 𝐒𝐭𝐫𝐨𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 — 𝐋𝐚𝐧𝐝 𝐏𝐫𝐢𝐜𝐞𝐬 𝐉𝐮𝐦𝐩 $𝟐𝟏𝟒 𝐩𝐬𝐟 𝐢𝐧 𝐉𝐮𝐬𝐭 𝐎𝐧𝐞 𝐘𝐞𝐚𝐫The latest Government Land ...
28/04/2026

𝐒𝐞𝐜𝐨𝐧𝐝 𝐃𝐮𝐧𝐞𝐚𝐫𝐧 𝐑𝐨𝐚𝐝 𝐆𝐋𝐒 𝐒𝐢𝐭𝐞 𝐃𝐫𝐚𝐰𝐬 𝐒𝐭𝐫𝐨𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 — 𝐋𝐚𝐧𝐝 𝐏𝐫𝐢𝐜𝐞𝐬 𝐉𝐮𝐦𝐩 $𝟐𝟏𝟒 𝐩𝐬𝐟 𝐢𝐧 𝐉𝐮𝐬𝐭 𝐎𝐧𝐞 𝐘𝐞𝐚𝐫

The latest Government Land Sales (GLS) site along Dunearn Road has attracted intense developer interest, with a total of six bidders competing for the prime plot in the Bukit Timah Turf City precinct.

Emerging as the top bidder is the joint venture between Wing Tai and Metro’s construction arm, Metrobilt Construction, with a winning bid of $1,624.89 psf per plot ratio (psf ppr).

This marks a significant increase of $214 psf ppr compared to the nearby site awarded just a year ago, highlighting continued developer confidence despite global economic uncertainties.

About the Site

Launched in December 2025 under the 2H2025 GLS programme, the site spans approximately 204,962 sq ft and sits within the Core Central Region (CCR).

It is zoned for:

Residential use with commercial space on the first storey
An estimated 330 residential units
Around 15,000+ sq ft of commercial space

This is the second GLS plot released in the upcoming Bukit Timah Turf City transformation, reinforcing the government’s long-term vision for the area.

What Happened Last Year?

The first Dunearn Road site, awarded previously, saw a winning bid of $1,410 psf ppr by a joint venture between Frasers Property, Sekisui House and CSC Land.

That project is expected to yield around 380 residential units.

What This Means for Buyers

The sharp rise in land price sends a clear signal:
➡️ Developers are pricing in future growth of the Turf City precinct
➡️ Upcoming launches in the area are likely to set new price benchmarks
➡️ Buyers may be entering the market at forward-looking prices, not today’s value

⁉️ Key Takeaway
With land costs rising rapidly, the question for buyers is no longer just “Is this project good?”

But rather:
“Am I paying for today’s value or tomorrow’s expectations?”

DM me for more clarity on the upcoming new launches and the current health of the resale market

𝐋𝐨𝐲𝐚𝐧𝐠 𝐕𝐚𝐥𝐥𝐞𝐲 𝐬𝐨𝐥𝐝 𝐟𝐨𝐫 𝐒$𝟖𝟖𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐭𝐨 𝐒𝐢𝐧𝐠𝐇𝐚𝐢𝐲𝐢-𝐥𝐞𝐝 𝐜𝐨𝐧𝐬𝐨𝐫𝐭𝐢𝐮𝐦Loyang Valley has been sold for S$880 million to a SingH...
18/04/2026

𝐋𝐨𝐲𝐚𝐧𝐠 𝐕𝐚𝐥𝐥𝐞𝐲 𝐬𝐨𝐥𝐝 𝐟𝐨𝐫 𝐒$𝟖𝟖𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐭𝐨 𝐒𝐢𝐧𝐠𝐇𝐚𝐢𝐲𝐢-𝐥𝐞𝐝 𝐜𝐨𝐧𝐬𝐨𝐫𝐭𝐢𝐮𝐦

Loyang Valley has been sold for S$880 million to a SingHaiyi-led consortium following a 10-week private treaty period that drew interest from six other potential buyers.

The deal puts the development among Singapore’s largest residential en bloc sales since 2007. It works out to S$959 per square foot per plot ratio (psf ppr) after including an estimated S$226 million in land betterment charges and S$246 million in a lease upgrading premium.

The existing Loyang Valley has a 99-year lease from 1982, with about 55 years remaining, and is prized for its tranquil, low-density setting. Its 362 units are spread across 12 blocks of four to seven storeys, with warm red-brick façades, expansive balconies and lush, mature landscaping.

The site’s appeal was enhanced by an uplift in the height limit from 40m to 50m, granted by the Civil Aviation Authority of Singapore in August 2025, allowing redevelopment of up to 12 storeys.

𝗧𝗵𝗲𝗿𝗲 𝗮𝗿𝗲 𝘀𝘁𝗶𝗹𝗹 𝘀𝗲𝘃𝗲𝗿𝗮𝗹 𝗲𝗻-𝗯𝗹𝗼𝗰 𝗵𝗼𝗽𝗲𝗳𝘂𝗹𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗘𝗮𝘀𝘁 𝗿𝗲𝗴𝗶𝗼𝗻 𝘀𝘂𝗰𝗵 𝗮𝘀 𝗟𝗮𝗴𝘂𝗻𝗮 𝗣𝗮𝗿𝗸, 𝗘𝗹𝗶𝗮𝘀 𝗚𝗿𝗲𝗲𝗻 𝗮𝗻𝗱 𝗠𝗮𝗻𝗱𝗮𝗿𝗶𝗻 𝗚𝗮𝗿𝗱𝗲𝗻𝘀.

𝗔𝘃𝗲𝗿𝗮𝗴𝗲 𝘀𝗲𝗹𝗹𝗶𝗻𝗴 𝗽𝗿𝗶𝗰𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝗲𝘅𝗰𝗲𝗲𝗱 $𝟭,𝟴𝟬𝟬 𝗽𝘀𝗳 𝗳𝗼𝗿 𝘁𝗵𝗶𝘀 𝗳𝘂𝘁𝘂𝗿𝗲 𝗬𝗶𝘀𝗵𝘂𝗻 𝗘𝗖Hoi Hup Realty outbid two other groups with its ...
16/04/2026

𝗔𝘃𝗲𝗿𝗮𝗴𝗲 𝘀𝗲𝗹𝗹𝗶𝗻𝗴 𝗽𝗿𝗶𝗰𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝗲𝘅𝗰𝗲𝗲𝗱 $𝟭,𝟴𝟬𝟬 𝗽𝘀𝗳 𝗳𝗼𝗿 𝘁𝗵𝗶𝘀 𝗳𝘂𝘁𝘂𝗿𝗲 𝗬𝗶𝘀𝗵𝘂𝗻 𝗘𝗖

Hoi Hup Realty outbid two other groups with its S$340.9 million offer for an executive condominium (EC) site at Miltonia Close in Yishun.

This works out to a land price of about S$732 per square foot per plot ratio (psf ppr). Though the top bid is the highest for an EC site in the Yishun planning area to date, it is about 7.8 per cent lower than the S$794 psf ppr benchmark set by Sim Lian for the Woodlands Drive EC site awarded in January, said Knight Frank Singapore’s head of research Leonard Tay.

Located in Yishun, the Miltonia Close site spans 15,451 square metres (sq m) with a gross floor area of 43,264 sq m. The development is expected to yield about 450 units across residential blocks of approximately 18 to 20 storeys, said Hoi Hup Realty.

While the upcoming Miltonia Close EC project is expected to do well given its locational attributes – including unblocked views of Lower Seletar Reservoir – the site’s distance from Khatib MRT station could be a drawback for some buyers, said Knight Frank Singapore’s Tay.

30/03/2026

When 8 developers fight for one plot of land…
and the top bid wins by just $11,
you know something big is coming.

Welcome to Vela Bay at Bayshore.

Sea views. MRT at your doorstep.
But possibly… $3,000 psf in the OCR.

The question isn’t whether it will sell.

It’s whether you’re getting in at the right price
or becoming the exit liquidity.

📩 DM me “VELA” if you want the real numbers behind this launch.

27/03/2026

Future New Launch @ Dover Drive at $3,100 PSF?!

Address

450 Lorong 6 Toa Payoh
Singapore
319394

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