URA awards Kallang Close site for $610.8m

Frasers-MJR wins 99-year residential plot.

The Urban Redevelopment Authority has awarded the Kallang Close residential site to Frasers Property Phoenix and MJR Investment for $610.8m.

URA said the 99-year leasehold site was launched for tender on 8 December 2025, and the tender closed on 7 April 2026.

The authority named the Frasers-MJR consortium as the highest tenderer.

The Kallang Close plot has a site area of 11,456.3 sq m and a maximum permissible gross floor area of 40,098 sq m. URA gave the tendered land rate as $15,231.43 per sq m of gross floor area.

The site is zoned for residential development. URA published the tender award on 10 April 2026.

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