City Plaza En Bloc Sale 2026 3rd Attempt Launches at $970m

The freehold Geylang landmark is back on the market after two previous collective sale attempts, with fresh URA planning advice potentially opening the door to residential-led redevelopment.

City Plaza is back on the en bloc market, and this time, the long-standing Geylang property comes with fresh planning advice that could reshape its future.

The freehold mixed development has been launched for collective sale at a S$970 million guide price, marking its third attempt to secure a successful collective sale.

The latest move comes after two previous attempts failed to reach the required level of owner support.

But there is a new element in the 2026 sale exercise.

City Plaza received URA’s outline planning advice on July 9, 2026, after roughly five months of discussions involving the planning authority and other relevant government agencies.

The guidance indicates that the site may have scope for a residential-focused mixed-use project, potentially incorporating commercial space at ground level.

Any redevelopment proposal would still require the relevant planning clearances and statutory approvals.

City Plaza’s collective sale journey stretches back several years.

The property’s first attempt came in 2018, when owners launched the sale at a S$1.05 billion reserve price.

However, only 53 per cent of owners supported the collective sale.

That was significantly below the 80 per cent threshold required for the sale to proceed.

City Plaza returned to the market in 2021, this time with a lower S$970 million reserve price.

The second attempt came remarkably close.

Owner support reached 79.3 per cent, but that was still just below the required 80 per cent threshold.

Now, five years later, City Plaza is making its third attempt at the same S$970 million price level.

City Plaza En Bloc Timeline

🗓️ 2018 — S$1.05 billion reserve price; 53% owner support

🗓️ 2021 — S$970 million reserve price; 79.3% owner support

🗓️ 2026 — S$970 million guide price; third collective sale attempt

The narrow miss in 2021 makes the latest attempt particularly interesting, as the property returns to the market after obtaining fresh planning advice.

The biggest difference between the current sale exercise and City Plaza’s earlier attempts may be the planning work undertaken ahead of the 2026 launch.

An outline planning advice was obtained from URA on July 9, 2026 after around five months of engagement with the authority and other government agencies.

An outline application allows building owners and developers to test a proposed development concept, including matters such as land use, plot ratio and building height.

The document is valid for six months.

For City Plaza, the planning advice provides additional context for developers evaluating what could potentially be built on the site.

The property’s current planning position is also significant.

Under Singapore’s 2025 Master Plan, City Plaza is designated for commercial use with a gross plot ratio of 3.0.

The site has also been identified as having potential for a mixed-use redevelopment led by residential components, while retaining commercial space on the ground floor, subject to planning and statutory approvals.

However, any future redevelopment remains subject to the relevant planning and statutory approvals.

The collective sale guide price has been set at S$970 million.

For prospective buyers, the eventual development proposal will be important because the land betterment charge, if applicable, will depend on the redevelopment scheme eventually pursued.

The marketing agent has not provided an estimate for the charge.

There is also a notable consideration regarding stamp duty.

Because the property remains under commercial zoning, the acquisition does not attract additional buyer’s stamp duty (ABSD) under its current planning status.

This distinction is important because the property’s existing zoning and any future redevelopment proposal could have different implications for a potential buyer.

City Plaza at a Glance

Situated in Geylang, City Plaza sits on a sizeable site measuring about 13,146 sq m, giving prospective developers a substantial land parcel to consider for future redevelopment.

The freehold development was built in the 1970s by City Developments Ltd (CDL).

It currently comprises 450 units, made up of:

🏠 66 apartments

🏬 384 strata retail units

The development is particularly well known for its wholesale retail shops, many of which specialise in clothing.

That existing retail character has made City Plaza a distinctive part of the area for decades.

The potential redevelopment of such a large site could therefore represent a significant change to the property’s role within the surrounding district.

Huttons Asia has identified City Plaza as one of the remaining major redevelopment sites in Paya Lebar Central, adding to its appeal as the property enters its latest collective sale exercise.

That positioning could make the collective sale particularly relevant to developers looking for sizeable redevelopment opportunities in an established urban centre.

City Plaza combines several characteristics that may attract attention:

🔑 Freehold tenure

📐 About 13,146 sq m site area

🚇 Close to Paya Lebar MRT

🏙️ Located within the Paya Lebar Central area

🏗️ Potential for residential-led mixed-use redevelopment

The eventual value of these attributes, however, will ultimately depend on the redevelopment proposal and the approvals that can be secured.

Development Activity is Already Underway Nearby

City Plaza is also entering the market as redevelopment activity continues in the surrounding area.

The source notes that The Elegant Group, linked to Chinese businessman Zhao Zhichao, is redeveloping Tanjong Katong Complex nearby.

The group’s Singapore portfolio also includes The Clementi Mall, Grantral Mall @ Clementi, Grantral Mall @ Macpherson and Changi City Point.

The nearby development activity provides broader context for the changing landscape around City Plaza.

However, there is currently no indication that The Elegant Group has expressed an intention to bid for City Plaza, so its presence should not be interpreted as a confirmed bidder.

The latest sale exercise is now underway, with the collective sale tender scheduled to close on October 13, 2026.

For City Plaza owners, the third attempt comes after a particularly close result in 2021.

For developers, the attraction lies in a sizeable freehold site near Paya Lebar MRT, alongside the potential for a residential-led mixed-use redevelopment subject to approvals.

After two unsuccessful attempts, the question now is whether City Plaza’s third collective sale attempt at S$970 million will finally secure a buyer?

📌 Status: Collective Sale Launched
💰 Guide Price: S$970 Million
🔑 Tenure: Freehold
📐 Land Size: Approx. 13,146 sq m
🏢 Total Units: 450 units
📊 Gross Plot Ratio: 3.0
🏗️ Gross Floor Area: Approx. 39,438 sq m*
📍 Address: 810 Geylang Road, Singapore
🚇 Nearby MRT: Paya Lebar MRT Station
🗺️ District: D14 (Eunos/Geylang/Kembangan)
🏢 Marketing Agent: Huttons Asia
📅 Tender Close: 13 October 2026