Loyang EC

HDB has officially launched an executive condo (EC) site at Jalan Loyang Besar in Pasir Ris for public tender today, May 16. This 305,757 sq ft site, which comes with a 99-year leasehold, has the potential to be developed into a new 710-unit EC.

“We anticipate strong competition among developers for this site, as it has been over a decade since an EC site was available in Pasir Ris,” stated Marcus Chu, CEO of ERA Singapore. He noted that the two EC sites awarded in 2023, Tampines Street 62 (Parcel B) and Plantation Close, each attracted nine bids.

Ngiam Juyong, project director at Huttons Asia, added that the last EC land parcel sold in the Jalan Loyang Besar area was the adjacent site, which was sold in 2012 and has since been developed into the 495-unit Sea Horizon, completed in 2016. According to lodged caveats, the average resale prices of units at Sea Horizon in 2024 reached $1,240 psf, reflecting a more than 50% increase from the launch price of around $800 psf in 2013.

Nearby amenities include White Sands, the upcoming Pasir Ris Mall, Pasir Ris Sports Hall, Pasir Ris Hawker Centre, and Downtown East. The EC site is located within 1km of two primary schools: Casuarina Primary School and Pasir Ris Primary School. Additionally, it is conveniently close to Pasir Ris MRT Station, which will serve as an interchange station for both the East-West and future Cross Island lines. According to PropNex’s Wong, the Cross Island Line will enhance connectivity for residents in the East to the West and North-eastern regions, including Jurong Lake District, Clementi, Turf City, Ang Mo Kio, and Hougang.

• Location

  D 18 -Pasir Ris