Hillcrest Arcadia En Bloc 2025 – Bukit Timah Collective Sale
Hillcrest Arcadia, a rare 99-year leasehold condominium nestled in Singapore’s prestigious District 11, has officially been launched for collective sale at a guide price of S$920 million.
The sprawling 4-hectare site is one of the largest en bloc offerings of 2025 and presents an exceptional redevelopment opportunity in the heart of Bukit Timah.
Marketed by Huttons Asia, the tender for this prime property opens on April 3 and closes on May 22.
With its expansive 442,162 sq ft of land, this site holds immense potential to be transformed into a new luxury residential enclave with up to 773 new homes.
The asking price translates to a land rate of approximately S$1,519 per square foot per plot ratio (psf ppr), inclusive of a 10% bonus gross floor area and a premium of around S$262 million to top up the lease to a fresh 99 years.
The site currently houses 272 residential units and one retail unit, with each owner standing to receive between S$945,000 and over S$5.7 million from the sale.
Zoned for residential use with a plot ratio of 1.6, the property requires no land betterment charge thanks to its approved use and intensity.
With about 50 years remaining on the original lease, this sale represents a timely exit for owners while offering significant upside to developers.
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Unmatched Location and Green Surroundings
Hillcrest Arcadia’s prime location sets it apart. Nestled between the low-rise landed estates of Watten Estate and the lush Central Catchment Nature Reserve, the site offers future residents unobstructed views of greenery and tranquility, a rare luxury in land-scarce Singapore. Additional highlights of the location include:
This unique combination of nature, education, convenience, and connectivity makes Hillcrest Arcadia an exceptionally desirable address for future homeowners.
A Market with Proven Demand
The en bloc launch of Hillcrest Arcadia follows a series of high-profile collective sales, including the nearby Watten Estate Condominium which was acquired by UOL Group in 2021 for S$550.8 million.
UOL’s luxury project Watten House has since seen strong take-up, selling 102 units at an average price of S$3,230 psf at launch.
Another relevant benchmark is the 2024 sale of Thomson View for S$810 million—one of the largest en bloc deals in recent years.
These precedents suggest strong developer interest in large, well-located sites with potential for premium residential development.
ABSD Policy Boosts Developer Confidence
Importantly, Hillcrest Arcadia meets the criteria for the recently announced extension of the Additional Buyer’s Stamp Duty (ABSD) remission timeline.
From March 6, 2025, large-scale en bloc redevelopments that produce at least 700 new units and exceed 1.5 times the original unit count qualify for an extended sales deadline.
This policy change adds further appeal to the Hillcrest Arcadia site by reducing the risk for developers facing project deadlines.
Hazel Tan, chairwoman of the collective sales committee, shared that the decision to pursue a sale now reflects a strategic response to improving market conditions.
“We believe this is the ideal timing with interest rates coming down and market sentiment turning bullish. The recent ABSD extension further strengthens the case for Hillcrest Arcadia as a prime development opportunity,” she said.
Huttons’ Head of Investment Sales, Terence Lian, echoed this optimism, highlighting Bukit Timah’s enduring appeal and the site’s unique surroundings: “This development sits between a low-rise landed estate and a nature reserve—future residents will enjoy privacy, prestige, and views of untouched greenery.”
As the May 22 tender deadline approaches, all eyes are on whether Hillcrest Arcadia will become one of the most significant en bloc successes of 2025.
For developers looking to build a landmark luxury project in a location rich in heritage, greenery, and accessibility, this site represents one of the year’s most compelling opportunities.