Sim Lian Secures $484 Million Woodlands EC Site with 560 Homes
Summary
Sim Lian Land Pte Ltd and Sim Lian Development Pte Ltd have emerged as the successful bidders for a highly sought-after executive condominium (EC) site at Woodlands Drive 17, securing the land parcel with a winning tender price of $484 million.
Key Development Highlights
The land parcel, launched for tender by the Housing & Development Board (HDB) on 16 October 2025, spans approximately 26,980 square metres and will accommodate an estimated 560 residential units. The development is strategically positioned in the rapidly evolving Woodlands planning area, offering future residents excellent connectivity to the upcoming Cross Island Line and established amenities in Singapore's Northern Gateway.
Project Specifications at a Glance
- Location: Woodlands Drive 17
- Site Area: 26,979.9 sqm
- Maximum Gross Floor Area: 56,658 sqm
- Building Height: Up to 61 metres (Singapore Height Datum)
- Estimated Units: 560 homes
- Lease Period: 99 years
- Expected Completion: 60 months from tender acceptance
Strategic Investment in the North
The tender price of $484 million reflects strong developer confidence in Woodlands' transformation into a key regional centre. The area is poised to benefit from upcoming infrastructure developments, including the Cross Island Line MRT stations and the Woodlands North Coast integrated development.
With a maximum gross floor area of 56,658 square metres, the development will offer a variety of unit configurations to cater to diverse homebuyer needs. The 99-year leasehold project must be completed within 60 months from the date of tender acceptance, with residents expected to move in by early 2031.
About Executive Condominiums
Executive Condominiums are a unique housing option in Singapore that bridges public and private housing. They are developed and sold by private developers but incorporate HDB eligibility conditions and subsidies. After a 10-year minimum occupation period, ECs are fully privatized.
The Woodlands Drive 17 EC development marks another milestone in the government's efforts to provide quality housing options while supporting the development of regional centres across Singapore.