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Wing Tai unit and Metrobilt win URA tender worth SGD 533 million

#International News#Singapore
Last Updated : 7th May, 2026
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Synopsis

Wing Tai Holdings’ unit, along with Metrobilt Construction, has secured a residential land tender from Singapore’s Urban Redevelopment Authority at a bid price of SGD 533 million. The two companies will form a joint venture to develop the site into a housing project. The deal reflects continued developer interest in Singapore’s residential market despite cost pressures. Wing Tai, known for its premium residential projects, is expanding its development pipeline through this partnership. The project is expected to add to the city’s upcoming housing supply and aligns with ongoing urban planning efforts.

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Wing Tai Holdings Ltd said in the past week that its unit, together with Metrobilt Construction, has been awarded a land tender by the Urban Redevelopment Authority (URA) in Singapore. The winning bid for the site stood at SGD 533 million, indicating steady demand for residential development land.


The company stated that both parties will enter into a joint venture to develop the site into a residential project. This collaboration brings together Wing Tai’s experience in property development and Metrobilt’s construction capabilities, which is expected to support timely execution of the project.

Wing Tai has a track record of developing high-end residential properties in Singapore and the region. The latest tender win adds to its existing portfolio and reflects its continued focus on strengthening its presence in the residential segment. The URA regularly releases land parcels under its government land sales programme to maintain a balanced property market and ensure adequate housing supply.

Industry observers note that developers have remained selective in bidding for land parcels, factoring in construction costs, interest rates, and demand outlook. Despite these considerations, well-located sites continue to attract competitive bids, especially from established players.

The planned development is expected to contribute to Singapore’s future housing inventory, although specific project details such as unit mix and launch timelines have not been disclosed yet.

Source Reuters
Next (MMRDA Nears Completion of Entire Santacruz–Chembur Link Road Corridor with Final BKC–Vakola Arm)

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