Market News · Land Sales
Before Wynwood Grand had a name, it began as a plot of land at Woodlands Drive 17 released under Singapore’s Government Land Sales (GLS) programme. The story of how City Developments Limited (CDL) secured this site is worth knowing, because the land price a developer pays shapes everything that follows — from the eventual launch price to the confidence the market places in the location.
A Record Bid for an EC Site in the North
The Housing & Development Board, acting as the Government’s land sales agent, launched the Woodlands Drive 17 Executive Condominium parcel for public tender in April 2025. When the tender closed on 5 August 2025, it had drawn five bids — a healthy level of competition that reflected developer appetite for fresh EC land in a region with very little of it.
The top bid came from a CDL entity at approximately S$360.9 million, working out to around S$782 per square foot per plot ratio (psf ppr). At the time, that figure set a new benchmark for Executive Condominium land in Singapore. The site spans roughly 25,207 square metres and is expected to yield around 420 homes — the development now known as Wynwood Grand.
How Tight Was the Contest?
One detail stands out: the gap between the top two bids was reportedly under 0.2 percent. When several experienced developers land within a whisker of each other, it tells you the market broadly agreed on what the site was worth — a strong signal of conviction rather than one bidder overreaching. For buyers weighing this Woodlands Drive 17 EC, that competitive tension is part of the backdrop to the eventual pricing.
Two Plots, Not One
It is easy to confuse the news here, because there are actually two adjacent EC sites at Woodlands Drive 17. The first — the Wynwood Grand plot — went to CDL in August 2025. A second, neighbouring parcel was launched later in 2025 and awarded to a different developer in January 2026 at a higher total sum. They are separate projects. When you read about “Woodlands Drive 17 EC,” it is worth checking which plot is being discussed; Wynwood Grand is the CDL site from the first tender.
Why the Land Price Matters to You
Land cost is the single biggest input into a new launch’s pricing. A record land rate signals developer confidence in the area’s growth — here, driven by the Woodlands Regional Centre transformation, the future Johor Bahru–Singapore RTS Link, and the walkable Woodlands South MRT connection. At the same time, it sets a floor under future selling prices. Industry analysts have offered indicative estimates for the eventual launch, but no official price has been released; treat any psf figure you see as an estimate until CDL confirms.
For the most reliable picture, follow official updates and the Wynwood Grand pricing page as the launch approaches, and read the developer profile to understand CDL’s track record behind the project.
Land sales figures are drawn from publicly reported HDB tender results and property research commentary. Pricing estimates referenced are analysts’ projections, not official launch prices.
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