Hougang Central Residences Developer

CapitaLand Integrated Commercial Trust (CICT), in partnership with CapitaLand Development (CLD) and UOL, has successfully secured the Hougang Central land site with a winning bid of approximately S$1.5 billion, translating to S$1,179 per square foot per plot ratio. This development strengthens CICT’s position in Singapore and marks its entry into the northeast region.

Under the joint venture, CICT will own and manage the entire commercial component, while CLD and UOL will jointly develop the residential units, leveraging their strong track record in delivering quality homes. The project will also benefit from CapitaLand Group’s expertise in large-scale integrated developments and well-established retail management capabilities.

As the first Government Land Sale in Hougang since 2019, this development is set to become a major new landmark. It will feature approximately 300,000 sq ft of retail space, making it the largest shopping mall in Hougang.

Hougang is one of Singapore’s most densely populated towns, home to nearly 230,000 residents, and is well supported by surrounding estates such as Kovan, Punggol, Sengkang and Serangoon. With retail space per person significantly below the national average, the area offers strong long-term growth potential.

The residential component will introduce around 830 new homes, forming a vibrant mixed-use development that is directly connected to Hougang MRT station, the new bus interchange, and a new town plaza. A civic hub with sheltered event spaces and a wide selection of dining options will further enhance community life.

With direct access to the North-East Line and a planned connection to the Cross Island Line by 2030, the development is set to become a key transport hub. Residents will also enjoy close proximity to parks, sports facilities, community centres, and several primary schools.

CICT will take a prudent approach to project financing, managing costs progressively and maintaining strong financial flexibility. This ensures a healthy balance sheet while delivering sustainable returns to its investors.

UOL Group Limited is one of Singapore’s most established property developers, with a strong reputation for delivering high-quality residential and mixed-use developments. Listed on the Singapore Exchange, UOL has a diversified portfolio spanning residential, commercial, hospitality, and investment properties across Singapore and key international markets.

In Singapore, UOL is best known for its premium and luxury residential developments, many of which are located in prime and city-fringe districts. The group has consistently delivered well-designed homes that emphasise functionality, liveability, and long-term value. Notable residential projects include The Tre Ver, MeyerHouse, Avenue South Residence, Principal Garden, Clavon, AMO Residence, and Watten House, all of which have been well received by homeowners and investors alike.

Beyond residential projects, UOL also has a strong presence in commercial and hospitality developments, supported by its subsidiary Pan Pacific Hotels Group, which operates renowned hotel brands such as Pan Pacific, PARKROYAL, and PARKROYAL COLLECTION. This deep experience in hospitality and asset management strengthens UOL’s capability in delivering well-managed, lifestyle-focused developments.

With decades of development experience, a strong balance sheet, and a proven track record of award-winning projects, UOL continues to be a trusted developer known for quality craftsmanship, thoughtful planning, and sustainable design. Its involvement in the Hougang Central development further reinforces confidence in the project’s long-term value and execution quality.

CapitaLand Development (CLD) is the development arm of CapitaLand Group, one of Asia’s largest and most reputable real estate groups. With a strong track record in residential, commercial, mixed-use and integrated developments, CLD is known for delivering high-quality projects that shape vibrant and sustainable communities.

In Singapore, CLD has developed many well-known residential and mixed-use projects across prime and suburban locations. Its portfolio includes landmark developments such as The Interlace, Sky Habitat, Treasure at Tampines, J’Den, Parktown Residences, Lentor Modern and Raffles City, showcasing its expertise in large-scale, transit-oriented and integrated developments.

CLD places strong emphasis on urban design, sustainability and liveability, often incorporating green features, thoughtful layouts and community spaces into its developments. Backed by CapitaLand Group’s deep development expertise and financial strength, CLD continues to be a trusted name for buyers seeking well-planned homes with long-term value.