Media Circle (Parcel A) Tender Awarded GLS Site in One-North / Buona Vista (District 5)

Latest Update (13 Mar 2025): The Media Circle (Parcel A) GLS site has been successfully awarded by URA to CNQC Realty (Bloomsbury) Pte. Ltd., Forsea Residence Pte. Ltd. and Hoovasun Holding Pte. Ltd. with a winning bid of $315,000,000.

The upcoming development has since been named Hudson Place Residences. This 99-year leasehold project is planned for residential development with commercial space on the 1st storey and is expected to yield approximately 325 units within the rapidly transforming one-north and Media Circle precinct.

Register your interest to receive updates on pricing, floor plans, e-brochure, balance unit availability and preview timeline once released.

This page provides an early analysis of Media Circle (Parcel A) following the land tender award, including location context, land bid implications and what buyers can expect before the official project launch.

Factsheet

Name	Media Circle Parcel A (Project Name : Hudson Place Residences)
Type	Condominium
Developer	CNQC Realty (Bloomsbury) Pte. Ltd., Forsea Residence Pte. Ltd. and Hoovasun Holding Pte. Ltd.
Address	Media Circle, Singapore
District	District 05 - Buona Vista / West Coast / Clementi
Tenure	99-Year Leasehold
Site Area	87,187 sqft
Maximum Permissible GFA	28,230 sqm
Estimated Total Units	Approximately 325 Units
Allowable Development	Residential with Commercial at 1st Storey
Planning Authority	Urban Redevelopment Authority (URA)
GLS Status	Tender Awarded
Successful Tenderer	CNQC Realty (Bloomsbury) Pte. Ltd., Forsea Residence Pte. Ltd. and Hoovasun Holding Pte. Ltd.
Winning Bid	$315,000,000
Tender Award Date	13 March 2025
Estimated Preview Timeline	To be announced

Key Highlights

Tender awarded on 13 March 2025
Winning bid of $315 million
Expected yield of about 325 units
Residential development with commercial at 1st storey
Located in Media Circle within the one-north growth area

Location & Connectivity

Media Circle (Parcel A) is located within the one-north precinct in District 5, a city-fringe growth area known for its mix of business parks, research hubs and residential developments.

The site is positioned near Buona Vista / one-north catchment, which gives it appeal for buyers who want access to employment nodes, lifestyle amenities and connectivity towards town and the west.

Location takeaway: Media Circle (Parcel A) stands out as a city-fringe GLS site within a live-work-play environment, which may appeal to both own-stay buyers and investors watching the one-north transformation.

What This GLS Site Means for Buyers

With the land parcel now awarded, Media Circle (Parcel A) becomes one of the confirmed upcoming private residential launches in the one-north / Buona Vista area. Compared to sites that are still at planning stage, a tender-awarded plot offers more certainty in terms of eventual project progress.

For buyers, this is useful because it allows earlier planning around financing, timeline and project comparison before official launch details are released.

Land Bid Analysis & Pricing Implications

The site was awarded at $315,000,000, which works out to approximately $11,158.34 per sqm of GFA. This land cost forms part of the future project's development baseline and will influence the eventual launch pricing.

As with all new launches, final selling prices will also depend on construction cost, design, unit mix, positioning and market conditions closer to launch.

What this means: Buyers should expect future launch pricing to reflect both the site's city-fringe positioning and the underlying land cost paid by the successful tenderer.

Estimated Market Positioning

Given its location within the one-north / Media Circle area, this future project is likely to attract interest from professionals working nearby, investors looking for rental demand drivers, and own-stay buyers seeking a newer home in a city-fringe district.

The commercial component at 1st storey may also enhance convenience and help support the liveability of the development, depending on the final project concept.

Planning your budget early? You may refer to Housing Loan & Affordability Guide and Stamp Duty Guide to better understand the financial commitment before launch.

Developer Background

The site was awarded to CNQC Realty (Bloomsbury) Pte. Ltd., Forsea Residence Pte. Ltd. and Hoovasun Holding Pte. Ltd. following the URA tender exercise.

For buyers, the eventual execution, design quality and market positioning of the project will be important factors to watch once more details are announced.

Who This Project May Appeal To

Buyers seeking a new launch in the one-north / Buona Vista area
Professionals working in nearby business and research hubs
Investors looking at rental demand from the one-north catchment
Own-stay buyers who prefer city-fringe convenience in District 5

What Buyers Should Watch Next

Official project name announcement
Indicative launch pricing
Unit mix and layout release
Preview timeline and booking period

Press Coverage

Source : https://www.ura.gov.sg/Corporate/Media-Room/Media-Releases/pr25-10

Tender award for URA sale site at Media Circle (Parcel A)

Published: 13 March 2025

The Urban Redevelopment Authority (URA) awarded the Media Circle (Parcel A) site to the highest tenderer, CNQC Realty (Bloomsbury) Pte. Ltd., Forsea Residence Pte. Ltd. and Hoovasun Holding Pte. Ltd.

The site was launched for tender on 26 November 2024 and the tender closed on 4 March 2025. It is offered on a 99-year lease term.

Location	Allowable Development	Site Area	Maximum Permissible GFA	Successful Tenderer	Tendered Price
Media Circle (Parcel A)	Residential with Commercial at 1st Storey	7,629.7 m²	28,230 m²	CNQC Realty (Bloomsbury) Pte. Ltd., Forsea Residence Pte. Ltd. and Hoovasun Holding Pte. Ltd.	$315,000,000.00 ($11,158.34)

Once the official project details are released, we will provide a fuller project analysis covering pricing, unit mix, layout comparison and buyer fit.

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