Morrison Lane bid may hit S$1,500 psf ppr

Analysts split on tender trigger odds.

Analysts diverged on whether the Reserve List residential site at Morrison Lane will be triggered soon, even as they sketched a potential top bid in the mid-$1,400s per square foot per plot ratio (psf ppr).

PropNex said it does not expect the Robertson Quay area plot to be triggered in the near term, despite a rebound in Core Central Region (CCR) demand in 2025.

PropNex highlighted competitive supply and pointed to unsold inventory nearby, including the expected March 2026 launch of the 455-unit River Modern, alongside sales progress at The Robertson Opus and Union Square Residences based on caveats lodged.

Huttons took a more upbeat view, saying the site along Mohamed Sultan may be triggered for sale and noting it was previously used for transitional office space.

Huttons estimated a successful bid of $1,400 to $1,500 psf ppr, which it said could translate to a development quantum of around $300m and attract up to five developers, whilst citing stronger CCR sentiment and interest indicators at Newport Residences and River Modern.

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