Historical coverage. This summary was prepared after the original event. Rules, prices and conditions may have changed; consult the dated original source and current official guidance.

At a glance

  • URA awarded the 99-year Bayshore Drive parcel to Gemini Residential Pte. Ltd. and Gemini Trustee Pte. Ltd., as trustee-manager of Gemini Mall Trust at a tender price of S$2.128 billion.[1]

What was announced

URA confirmed the award of the Bayshore Drive land parcel to Gemini Residential Pte. Ltd. and Gemini Trustee Pte. Ltd., as trustee-manager of Gemini Mall Trust. The successful tender price was S$2.128 billion, according to the authority’s award notice.[1]

The 57,460.6 sq m parcel allows commercial and residential use. Its maximum permissible gross floor area is 149,398 sq m. The site was offered on a 99-year lease. Its tender launched on 30 March 2026 and closed on 15 July 2026.[1]

Context & interpretation

Why it matters

The award identifies the successful land bidder. Land cost alone does not establish future apartment selling prices, a launch date or a completion schedule; those require separate project announcements.

Sources & further reading

  1. Bayshore Drive mixed-use site awarded for S$2.128 billion ↗Urban Redevelopment Authority · 20 Jul 2026 · Accessed 1 Nov 2026

This is an original AI-assisted summary, not a reproduction of the source article. Context is our interpretation. Editorial policy · Report an issue