Exciting plans are afoot in Kallang, with the Kallang Close government land sales (GLS) site poised to offer new waterfront homes in an area where they have been no private residential project launches in over 10 years. The future development could see healthy interest from both homebuyers and investors alike, given its transport connectivity, proximity to employment hubs and possible pent-up demand.

The Kallang Close plot garnered four bids at the close of tender on 7 April 2026, with a joint venture between Frasers Property and Mitsubishi Estate placing the top bid of $610.75 million. This works out to a land rate of about $1,415 psf per plot ratio (ppr). The 1.14-ha site could potentially yield about 470 new homes, and has a lease tenure of 99 years.

Source: PropNex Research, Street Directory

Well-connected waterfront homes

According to the URA's location and control plans for the Kallang Close site, the upcoming project may feature high-rise zones in two corners of the site, with buildings that generally step down towards the waterfront and low-rise zones (with a maximum height limit of six storeys). This means that units located on higher floors could potentially enjoy scenic views of the Kallang River and the surrounding estate.

The riverfront project is also well served by public transportation. Heading to the city and other parts of Singapore would be a breeze for future residents of the Kallang Close development, with the Kallang station on the East-West Line (EWL) and Bendemeer station on the Downtown Line (DTL) just a short 10 minutes' walk from the site.

On the EWL, commuters could explore a wide variety of retail and dining options in nearby areas in the East such as Paya Lebar, Bedok, Tampines and Pasir Ris. Both DTL and EWL offer direct access to employment hubs and financial centres in the city centre including Raffles Place, Telok Ayer, Downtown, Tanjong Pagar, and Shenton Way. Transport connectivity is expected to improve further when the future Kallang Bus Interchange (next to Kallang MRT) is completed.

Amenities and schools

Although the Kallang Close land parcel sits right at the edge of a quiet light industrial area, there is no lack of amenities in the vicinity. Future residents may head to the nearby Upper Boon Keng Market and Food Centre and Geylang West Community Centre for their daily necessities and recreational activities. For avid foodies and supper enthusiasts, a gastronomic journey awaits along Sims Avenue and Geylang Road with a myriad of eateries, restaurants and bars lining the streets.

To work off those extra calories, head down to the Kallang Park Connector located on the doorstep of the development for a jog or a cycle by the river. The Kallang Park Connector is linked to the Kallang Riverside Park, which is connected to the various sporting facilities and major concert venues at The Kallang (formerly known as the Singapore Sports Hub), as well as the Kallang Wave Mall. Meanwhile, folks seeking retail therapy may take a short train ride on the EWL to the nearby Aperia Mall (Lavender MRT), Paya Lebar Square, SingPost Centre and PLQ Mall (Paya Lebar MRT) for a varied range of commercial offerings.

The future project could appeal to families and couples intending to start a family, as the site has a designated childcare centre fronting the Kallang Close Riverfront Promenade. There is also a good number of schools and education institutes within a 1- to 2-km radius of the site. These include Hong Wen School, Bendemeer Primary and Secondary schools, Geylang Methodist School (Primary and Secondary), Farrer Park Primary School, Northlight School, Nexus International School, and James Cook University Singapore.

Upgrading opportunities and the future of Kallang

Opportunities to upgrade to a private home in Kallang have been few and far between over the last few years, with the last condo development being Kallang Riverside, a freehold 212-unit condominium launched in 2014. Recent new homes in the area have all been Build-to-Order HDB projects such as Kallang View Plus flats (October 2024 BTO exercise), as well as two projects launched under the Prime Location Public Housing Model, Verandah @ Kallang (October 2023 exercise) and Kallang Horizon (November 2022 exercise).

Prospective buyers of the upcoming Kallang Close project may look to benefit from the future transformation of the Kallang precinct, with the announcement of the Kallang Alive plans during the 2024 National Day Rally. Part of the plan involves the relocation of the Singapore Sports School from its existing site in Woodlands, integrating with the National Sports Associations to form the new Home of TeamSG. A new 18,000-seater indoor arena to host international events, a car-lite community boulevard and a waterfront area with various activity spaces are also on the cards - all of which would bring greater vibrancy to the entire Kallang region.

About the Developer

Frasers Property is one of Singapore's largest private property developer. Since its establishment in 1980 as a shopping centre property company, Frasers Property has since become a multi-national company listed on the SGX-ST, with businesses across five asset classes and a global hospitality footprint that spans over 80 cities. Its notable retail assets include Northpoint City, Causeway Point and Waterway Point, while some of its recent residential projects in Singapore include The Robertson Opus, The Orie, Rivere, and Sky Eden @ Bedok.

Mitsubishi Estate is a leading Japanese real estate development and property management company headquartered in Tokyo, Japan. With a rich history spanning over a century, Mitsubishi Estate has established itself as a key player in the global real estate industry, renowned for its innovative urban development projects, including iconic skyscrapers such as Tokyo's Marunouchi Building and the Otemachi Tower. Beyond its domestic presence, the company has expanded its reach internationally, with significant investments and developments in key cities including Singapore, Thailand, Australia.