Government Land Sales (GLS) Q3 2026: Three Overlooked Plots with High Potential

The third quarter of 2026 saw a flurry of activity in Singapore's Government Land Sales (GLS) programme, with several plots generating significant interest from developers. However, amidst the buzz around high-profile locations like Orchard Road and Tanjong Pagar, three overlooked plots stand out for their untapped potential and attractive investment prospects.

Plot A: Tampines Central

Tampines Central has traditionally been a residential hub with strong demand from young families due to its proximity to amenities such as schools, parks, and public transport links. Plot A, located in the heart of this district, offers 15 hectares of land that could be developed into a mixed-use complex combining residential units and commercial spaces.

• Current GLS Bid: S$70 million
• Average PSF in Tampines Central: S$1,350 (up from S$1,280 a year ago)
• Vacancy Rate: 4.5%

Plot B: Jurong West

Jurong West is poised for significant growth with the upcoming expansion of the Jurong Innovation District and proximity to the future Tuas Port. Plot B, situated in a strategic location near major transport nodes such as the MRT station and bus interchange, offers 10 hectares of land that could cater to both residential and industrial needs.

• Current GLS Bid: S$52 million
• Average PSF in Jurong West: S$1,680 (up from S$1,590 a year ago)
• SORA Rate Impact: -3.2%

Plot C: Kallang

Kallang's unique blend of heritage and modernity makes it an intriguing area for developers seeking to leverage its rich history while integrating cutting-edge amenities. Plot C, spanning 12 hectares along the Singapore River, presents a rare opportunity to create a landmark development that could include luxury residences, boutique hotels, and cultural attractions.

• Current GLS Bid: S$95 million
• Average PSF in Kallang: S$1,800 (up from S$1,720 a year ago)
• Sales Percentage Year-on-Year Change: +4.3%

The data suggests that while these plots may not have garnered as much attention in the first round of GLS bidding, they offer compelling value propositions with potential for high returns on investment. As Singapore's property market continues to evolve, developers who look beyond the spotlight areas are likely to uncover gems like Plot A, B, and C.