HDB awarded the mixed commercial and residential site at Hougang Avenue 10 / Hougang Central on 14 Jan 2026 for $1,500,738,338, about $1,179 psf ppr. Three bids came in by the 16 Dec 2025 close. HDB estimates about 835 homes, built together with a bus interchange. No launch date has been announced.
What is confirmed
- HDB launched the site on 29 May 2025 for a mixed-use development of commercial space and homes, integrated with a bus interchange. It covers 46,899.4 sq m, with a maximum gross floor area of 118,268 sq m, on a 99-year lease.
- The tender closed on 16 Dec 2025 with 3 bids, per HDB's list of mixed-development sites sold.
- HDB awarded it on 14 Jan 2026 to Horizon Residential Pte. Ltd. and Horizon Commercial Trustee Pte. Ltd. (as trustee of Horizon Commercial Trust), for $1,500,738,338. HDB's pages do not name the groups behind these companies.
- HDB estimates about 835 homes; the developer's final count may differ. The project completion period is 84 months from acceptance of the tender.
- We converted the price to about $1,179 psf ppr by dividing it by the floor area and by 10.764. The floor area covers both the shops and the homes.
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.
Tender result: HDB
Frequently asked questions
Who won the Hougang Central site, and for how much?
HDB awarded it on 14 Jan 2026 to Horizon Residential Pte. Ltd. and Horizon Commercial Trustee Pte. Ltd. (as trustee of Horizon Commercial Trust), for $1,500,738,338, about $1,179 psf ppr.
When will the homes launch?
No date is announced. HDB's tender allows 84 months from acceptance of the tender to complete the project.
How many homes?
About 835, HDB's estimate. The developer's final count may differ.