Hillcrest Arcadia in Bukit Timah Listed for Collective Sale at S$920 Million

Hillcrest Arcadia, a 4-hectare condominium in the prestigious Bukit Timah area, is being offered for collective sale at S$920 million. The 99-year leasehold property spans 442,162 square feet and consists of 272 residential units and one retail unit. The asking price values the land at around S$1,519 per square foot per plot ratio, which includes a 10% bonus gross floor area for redevelopment and a S$262 million premium to renew the lease for another 99 years.

Prime Bukit Timah site: Hillcrest Arcadia listed for S$920 million

Potential for Owners

Should the collective sale be successful, owners could receive payouts ranging from S$945,000 to over S$5.7 million. Recent sales activity shows a strong market for units, with a recent 699.7 sq ft unit selling for S$850,000 (S$1,215 psf).

Prime Location and Redevelopment Opportunities

Situated near the tranquil Watten Estate and the Central Catchment Nature Reserve, the site is zoned for residential use, allowing up to 773 new homes. The site offers stunning views of the surrounding greenery, and with no additional land betterment charges, it is a highly attractive prospect for developers.

Strong Market Demand

This sale comes at a time of growing demand for luxury properties in Bukit Timah. Nearby developments, such as Watten House, have seen strong sales, with units priced above S$3,200 psf. Additionally, recent policy changes extending the Additional Buyer’s Stamp Duty remission deadline further increase the site’s appeal to developers.

Tender Information

The tender for Hillcrest Arcadia opens on April 3 and closes on May 22, 2025, offering developers a chance to seize this prime redevelopment opportunity.

Conclusion

Hillcrest Arcadia presents an exciting opportunity for developers to capitalize on its prime location and redevelopment potential in Bukit Timah, one of Singapore’s most desirable districts.