A consortium of CapitaLand Development, UOL and CapitaLand Integrated Commercial Trust won the Hougang Central mixed-use site with a $1.5 billion bid, or $1,179 psf ppr, from three bids closing on 16 Dec 2025, per EdgeProp. It plans about 830 homes and a mall. HDB published the final result on 13 Jan 2026. No launch date is announced.
What is confirmed
| Bidder | Bid | psf ppr |
|---|---|---|
| CapitaLand Development, UOL, CapitaLand Integrated Commercial Trust | $1.5B | $1,179 |
| Sim Lian Group | $1.47B | $1,155 |
| Frasers Property, Sekisui House, Lum Chang | $1.4B | $1,100 |
- HDB's final tender result page for the mixed commercial and residential site at Hougang Avenue 10 / Hougang Central is dated 13 Jan 2026. We could read only the page header, so bid details come from EdgeProp (16 Dec 2025).
- EdgeProp reports a 99-year lease, a site of about 504,825 sq ft and a floor area of about 1.273 million sq ft.
- CapitaLand Development and UOL are to develop the homes for sale (EdgeProp describes this as a 50:50 venture); the trust keeps the retail part, about 300,000 sq ft of net lettable area including Hougang's largest mall.
- Completion is targeted around 2030 to 2031, per EdgeProp.
Where sources differ
The award date varies by source: HDB's result page is dated 13 Jan 2026, EdgeProp's later coverage says 15 Jan, and the Hougang Central Residences overview (an agent site, not the developer) says 14 Jan. We use HDB's page date. The same agent page lists residential completion as "to be announced", which matches our findings. The "above $2,500 psf" figure comes from Stacked Homes (29 May 2026), citing market estimates, and is not a developer price.
What it means for buyers
Our reading: for Hougang and Sengkang upgraders this is the main new-condo supply on the horizon, but with no date, floor plans or prices, you cannot budget for it yet. See new launch prices (psf) for how land costs relate to selling prices, and follow the launch tracker. Project details are on the Hougang Central Residences project site.
Sources
- HDB: final tender result, Hougang Avenue 10 / Hougang Central (13 Jan 2026)
- EdgeProp: CapitaLand-UOL group tops bid at $1,179 psf ppr (16 Dec 2025)
- EdgeProp: consortium secures Hougang Central site
- Stacked Homes: Hougang Central GLS integrated site (29 May 2026)
Frequently asked questions
Who won the Hougang Central site, and for how much?
A group of CapitaLand Development, UOL and CapitaLand Integrated Commercial Trust, at $1.5 billion or $1,179 psf ppr, per EdgeProp and HDB's result page.
When will the homes launch?
No date is announced. Completion is targeted around 2030 to 2031, per EdgeProp.
How many homes?
About 830, per EdgeProp, which quotes the consortium.