# Seven bids for Little India site; YK Land tops at $35.3 mil

- **Source:** EdgeProp Singapore
- **Published:** 2026-07-28T10:48:35.000Z
- **Author:** Atiqah Mokhtar
- **Original:** https://www.edgeprop.sg/property-news/ura-tender-little-india-conservation-cluster-draws-seven-bids-yk-land-submits-top-bid-353-mil
- **Topics:** Private Residential, Government & Policy, Transactions & Deals

## Featured rationale

The unusually wide bid spread signals differing assumptions about restoration costs and whether the site should become 18 strata landed homes or 36 long-stay serviced apartments.

## AI summary

YK Land submitted the top bid of $35.29 million, or $962 psf ppr, for 18 conserved Little India terraced houses, 48.1% above the second-highest offer.

## Original article

The tender for a cluster of 18 conserved terraced houses in Little India closed on July 28, drawing seven bids. The top bid came from YK Land, which submitted an offer of $35.29 million, or $962 psf per plot ratio (psf ppr), according to a URA release.

Bids received for URA site at Chitty Road and Veerasamy Road

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Source: URA

YK Land’s bid for the site was 48.1% more than the second-highest bid, which came from construction company Conint and SEEDoE Ventures, an affiliate of property developer Kimen Group. The partners submitted a bid of $28.83 million or $650 psf ppr.

The relatively wide spread between the two bids suggests that developers may have adopted differing assumptions regarding the site's redevelopment potential and eventual end product, says Mohan Sandrasegeran, head of research and data analytics at Singapore Realtors Inc.

Read also: Freehold mixed-use building in Little India for sale at $13 mil

He adds: “Given the flexibility to develop either Serviced Apartments II or, with prior written approval, strata landed houses, bidders were likely to have arrived at different land valuations based on their preferred development strategy, restoration costs and target market.”

Other bids came from RPC One (a unit of OKP Holdings) at $646 psf ppr, Mezzo Properties at $446 psf ppr, and Haus @ Central at $447 psf ppr. The bottom two bids came from Westwood Hostel ($327 psf ppr) and Bogen Venture ($289 psf ppr).

URA had launched the tender for the site on March 5. It comprises 18 two-storey conserved terraced houses which sit on parallel rows along Veersamy Road and Chitty Road. Originally built in 1927 as municipal quarters for government employees, the houses are linked by a back lane.

Together, they occupy a 99-year leasehold site spanning about 36,673 sq ft that is zoned for residential use. The Jalan Besar MRT Station is a short walk away.

The successful tenderer will be required to restore the buildings, which can be adapted for residential or long-stay serviced apartment use in accordance with URA’s conservation guidelines. The site can accommodate 18 strata landed houses or 36 long-stay serviced apartments, based on URA’s estimates.

Read also: Private home prices up 0.9% in 1Q2026, as non-landed segment rebounds

Check out the latest listings for Little India properties

## Chinese translation

> Translation model: grok_cli

### 小印度地块共获七份标书；YK Land以3530万新元拔得头筹

该地块位于Chitty Road与Veerasamy Road，由18栋两层高保育排屋组成。

小印度一片由18栋保育排屋组成的地块招标于7月28日截止，共吸引七份标书。根据市区重建局（URA）发布的资料，最高标由YK Land投出，出价3529万新元，折合每平方英尺容积率（psf ppr）962新元。

Chitty Road与Veerasamy Road URA地块所收到标书

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来源：URA

YK Land的出价比第二高标高出48.1%。第二高标来自建筑公司Conint与SEEDoE Ventures（房地产开发商Kimen Group关联公司），双方联合出价2883万新元，或每平方英尺容积率650新元。

Singapore Realtors Inc研究与数据分析主管Mohan Sandrasegeran表示，两份标书之间的差距相对较大，显示发展商对该地块的重建潜力及最终产品形态可能采用了不同假设。

延伸阅读：小印度永久地契综合用途楼宇以1300万新元求售

他补充道：“鉴于可灵活发展Serviced Apartments II，或在事先取得书面批准后发展分层式有地住宅，投标人很可能根据各自偏好的开发策略、修复成本及目标市场，得出不同的土地估值。”

其他标书包括：OKP Holdings旗下单位RPC One，出价为每平方英尺容积率646新元；Mezzo Properties为446新元；Haus @ Central为447新元。最低两份标书分别来自Westwood Hostel（每平方英尺容积率327新元）及Bogen Venture（289新元）。

URA于3月5日推出该地块招标。地块由18栋两层高保育排屋组成，分两排平行坐落于Veersamy Road与Chitty Road。这些房屋原建于1927年，作为政府雇员的市政宿舍，并以后巷相连。

整幅地块为约99年地契，占地约36,673平方英尺，划作住宅用途。步行不远即可抵达Jalan Besar地铁站。

中标者须按URA保育指引修复建筑物，可改建为住宅或长住服务式公寓。根据URA估算，该地块可容纳18栋分层式有地住宅，或36间长住服务式公寓。

延伸阅读：2026年第一季度私人住宅价格上涨0.9%，非有地住宅板块回升

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