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District 24 Tengah Property, OCR Garden Town Guide 2026

District 24 Tengah: forest new town, OCR PSF near S$2,154, Jurong Region Line, car-lite masterplan, HDB upgrader pipeline, rental maturity timeline.

By Invest Singapore Editorial · Updated June 17, 2026 · 24 min read

Quick answer: District 24 covers Tengah new town, Jurong West, and Boon Lay, all classified as Outside Central Region at PSF near the S$2,154 OCR benchmark. Q1 2026 OCR prices rose 2.2% quarter-on-quarter, and OCR accounts for approximately 64% of Singapore’s 2026 private launch supply at roughly 9,732 units. Tengah’s forest town masterplan, Jurong Region Line, and HDB upgrader pipeline make it a 5-8 year capital appreciation story rather than an immediate yield play. Median rent across OCR benchmarks at S$5.13 psf; Jurong West provides a near-term rental floor. Compare District 22 Jurong for established OCR yields, or read the CCR vs RCR vs OCR guide before choosing between regions.

Invest Singapore 2026 District 24 lens

District 24 is the least understood of Singapore’s west OCR districts precisely because it contains two very different markets inside one URA boundary: established Jurong West heartland condos that trade resale today, and Tengah, a brand-new town being built from cleared forest that will not reach rental maturity for five to eight years from 2026.

Invest Singapore maps both within the CCR vs RCR vs OCR framework where OCR averaged S$2,154 psf against RCR at S$2,695 and CCR at S$3,208 in recent URA transacts. Q1 2026 OCR quarter-on-quarter growth was +2.2%, outpacing RCR at +0.8% and CCR at +0.6%, driven by upgrader demand and government land sales in the west and north corridors. OCR’s 2026 launch dominance at approximately 64% of total private supply, roughly 9,732 units, reflects deliberate state planning that favours western Singapore towns including Tengah as the centrepiece.

The investor thesis here separates cleanly along time horizon. Buyers with a 10-year horizon should focus on Tengah new launches for capital appreciation through town maturation. Buyers wanting near-term gross yield in the 3.0-3.8% band should focus on Jurong West resale or compare District 22 Jurong where employment anchors from Jurong Lake District feed rental depth today. Read District 19 Punggol Sengkang for an east-side family town comparison at similar OCR yield dynamics.


What District 24 covers on the map

URA District 24 spans Tengah new town in the north-west, Jurong West mature estate in the centre, and Boon Lay along the western corridor toward Tuas. The sub-areas differ substantially in character, age, and investment profile.

Tengah is Singapore’s newest HDB new town, approved in 2016 and under active construction through the late 2020s. Approximately 42,000 households are planned across five residential precincts: Plantation District, Garden District, Park District, Brickland District, and Forest Hill District. The town is bisected by a 5-kilometre Forest Corridor and centred on a 100-hectare Central Park, with all major roads placed underground to create a pedestrian and cycling surface environment.

Jurong West is a mature HDB heartland with the largest population of any HDB town in Singapore. It already hosts substantial private condo stock from the 2000s and 2010s, provides an established tenant pool of families working along the Jurong and Tuas corridors, and offers resale liquidity today. Jurong West MRT on the East-West Line serves the existing heartland.

Boon Lay sits at the western end of the East-West Line and borders the Jurong Industrial Estate and Tuas industrial corridor. Boon Lay Junction mall, Boon Lay MRT, and Pioneer MRT serve the area. Industrial worker rental demand provides a base level tenant pool but lacks the lifestyle premium that Tengah’s forest town concept will eventually command.

Sub-areaCharacterCurrent stockInvestor angle
Tengah PlantationNew forest town, car-liteNew launch condos and ECs5-8 yr appreciation hold; limited immediate rental
Tengah Garden and ParkPipeline BTO and privateNew launches, ECs completingGreen lifestyle premium builds over time
Jurong West townMature heartlandResale condos 2000s-2010sNear-term yield, established tenant pool
Boon Lay fringeIndustrial adjacencyOlder leasehold stockDiscount PSF; check lease years carefully

Read the Singapore new launch condo guide 2026 before comparing Tengah new launch pricing against resale alternatives in the same boundary.


PSF benchmarks and Q1 2026 price momentum

OCR’s S$2,154 psf benchmark represents a blended average. Within District 24, pricing stratifies sharply between Tengah new launches and Jurong West resale.

Tengah new launches from 2022 to 2026 have priced in the S$2,000-S$2,400 psf range depending on unit type, floor level, and whether the project carries Executive Condominium subsidy. Tengah Garden Residences by GuocoLand in joint venture launched with units from approximately S$1.26 million, reached near 99% sold at peak, and reflects the premium that a signature forest town address commands even before town amenities fully open. Executive Condominium projects in Tengah offer a government-subsidised entry point but carry restrictions on resale during the Minimum Occupation Period.

Jurong West resale condos from the 2000s trade at S$1,700-S$1,950 psf on remaining 99-year leasehold. Older 30-plus-year-old condos near Jurong West MRT may fall to S$1,500-S$1,700 psf and require careful lease decay modelling. Boon Lay fringe private stock sits in a similar resale range and offers higher gross yield on lower entry psf if the tenant pool from industrial corridors supports S$4.50-S$4.80 psf rent.

Q1 2026 OCR price growth of 2.2% quarter-on-quarter reflects genuine upgrader-driven demand rather than speculative flipping. URA vacancy across OCR stayed controlled. Developer confidence in Tengah shows through continued government land sales at reserve prices that imply finished psf targets in the S$2,200-S$2,500 range for mid-tier projects.

SegmentIndicative PSFTenureBuyer profile
Tengah new launch (private)S$2,000-S$2,40099-yearLong-hold upgrader, appreciation buyer
Tengah EC (post-MOP resale)S$1,400-S$1,70099-yearYield with subsidy capture; check MOP status
Jurong West resale 2010sS$1,800-S$1,95099-yearNear-term rental yield today
Jurong West resale 2000sS$1,650-S$1,85099-yearYield with lease decay risk
Boon Lay fringe stockS$1,500-S$1,75099-yearDiscount entry; industrial tenant pool
OCR regional averageS$2,154MixedBenchmark reference

Per the Singapore rental yield guide, Jurong West indicative purchase PSF of S$1,800-S$1,950 against rent psf S$4.80-S$5.10 on family three-bedroom layouts produces gross yield near 3.0-3.5%.


Rental yield: Jurong West floor vs Tengah maturity

Rental yield in District 24 operates on two separate tracks. Jurong West provides a here-and-now yield story; Tengah provides a future yield story that requires patience.

Jurong West today: Established condos near Jurong West MRT or Boon Lay MRT attract families working in Jurong industrial estates, Jurong Lake District workers who prefer west-side rents, and Tuas corridor workers. Three-bedroom units at 1,000-1,200 sq ft rent at S$4,700-S$5,500 monthly. Entry at S$1,800-S$1,900 psf on a 1,100 sq ft unit at S$3,200 monthly rent produces gross yield near 2.7-3.1%. Purchase at S$1,700-S$1,800 psf on older stock can push gross yield toward 3.5-4.0% if rent holds. Net yield subtracts S$300-S$450 monthly maintenance, property tax, and agent fees.

Tengah from 2028 onward: As Jurong Region Line stations open, BTO residents complete their flats, and town amenities activate, rental demand in Tengah proper will build. Government planning targets suggest Tengah could become Singapore’s most in-demand west OCR address for young families within 8-10 years, competing directly with Punggol Waterway for lifestyle-driven family tenants. Rental psf at maturity could match or exceed OCR S$5.13 median if forest town differentiation sustains.

Entry PSFRent psf assumed900 sq ft gross yieldNotes
S$2,154 (OCR avg)S$5.13~2.9%OCR benchmark reference
S$2,000 (Tengah launch)S$5.00~2.70%Pre-maturity; yield builds with town
S$1,900 (Jurong West mid)S$4.90~3.09%Established tenant pool today
S$1,750 (Jurong West older)S$4.70~3.24%Lease decay risk on very old stock
S$1,650 (Boon Lay fringe)S$4.50~3.27%Industrial tenant profile

Net yield formulas, void rates, and agent fee structures are explained in the Singapore rental yield guide in detail.

Tenant pools within District 24 include:

  • HDB upgraders from Tengah, Jurong West, and Bukit Batok BTO completions seeking larger private units
  • Families working in Jurong Lake District, Jurong Innovation District, and western industrial estates
  • Healthcare workers from Ng Teng Fong General Hospital in Jurong East
  • Tuas industrial corridor workers, particularly skilled trades and engineers
  • Remote workers and young professionals attracted to Tengah’s car-lite green lifestyle once town activates

Tengah masterplan: why Singapore built a forest town

Tengah’s masterplan is the most ambitious residential planning project in Singapore since Punggol was developed from scratch in the late 1990s. Understanding the masterplan is essential to underwriting whether Tengah’s new launch premiums are justified.

Car-lite design: All through-traffic roads are placed underground or at the town perimeter. The surface town is pedestrian and cycling oriented. HDB estimates this returns approximately 30% more land to parkland and community use compared with conventional estate layouts. Families pay a premium for car-lite lifestyle because it reduces domestic costs, child safety concerns, and noise pollution from ground-level roads.

Forest Corridor: A 100-hectare Central Park bisects the town from north to south, linked to Singapore’s broader ecological network via a 5-kilometre Forest Corridor. HDB has worked with NParks to protect mature trees and introduce community gardens, allotment plots, and nature play areas within the corridor. The ecological commitment reinforces long-term land value and tenant appeal for nature-oriented families.

Five residential precincts: Plantation District is the first completed neighbourhood, closest to the Jurong Region Line terminus near Choa Chu Kang. Garden District and Park District follow in sequence. Brickland and Forest Hill Districts at the northern and eastern edges form the longer pipeline. Private condo and EC sites are interspersed across all five precincts rather than clustered separately.

Self-sufficiency targets: Tengah is planned with hawker centres, schools, polyclinics, and community clubs within the town boundary, reducing dependence on Jurong West or Choa Chu Kang for daily needs. Schools including primary and secondary levels are sited to serve the town’s projected population from 2025 onward.

Investors should note that Tengah’s design specifically targets young Singaporean families and HDB upgraders, not expat tenants. Rental premiums will be driven by domestic family demand, not by school-belt expat clusters as seen in CCR. Read CCR vs RCR vs OCR Singapore property guide for a full breakdown of tenant pool differences across the three regions.


Jurong Region Line connectivity: five stations through Tengah

The Jurong Region Line is a 24-kilometre, 24-station MRT line that runs through Tengah, Jurong West, Boon Lay, Choa Chu Kang, and the Jurong Lake District. For Tengah specifically, five stations run through the town: Tengah Plantation, Tengah Park, Bukit Batok West, Tengah, and Tengah Crescent.

Phase 1 of the Jurong Region Line, covering stations from Choa Chu Kang MRT to Tawas, was targeted to open in 2028 per LTA’s most recent timelines. Phases 2 and 3 extend the line westward through Boon Lay and toward West Coast by 2029. The completed line will connect Tengah residents to:

  • Choa Chu Kang MRT on the North-South Line and Bukit Panjang LRT interchange
  • Boon Lay MRT on the East-West Line for Jurong East, City Hall, and Changi Airport routing
  • Jurong East MRT interchange for North-South and East-West Line cross-platform transfers
  • Future Jurong Lake District stations via East-West Line or planned extensions

Investment implication: Buy-in timing matters for Tengah. Investors who purchased before Jurong Region Line confirmation captured pre-announcement pricing. Investors buying in 2026 at post-announcement psf are underwriting the line as an already-priced catalyst. Capital appreciation from here depends on town maturation, not transport infrastructure alone. Underwrite each project against its specific walking distance to the nearest Jurong Region Line station per actual construction progress, not only developer marketing maps.


HDB upgrader pipeline: Tengah’s rental demand engine

Singapore’s HDB upgrader dynamic is the single most important structural driver for OCR private condo appreciation and rental demand. Tengah sits at the centre of one of the largest HDB BTO pipelines in Singapore since Punggol.

HDB launched approximately 10,000 BTO flats in Tengah between 2018 and 2023 across multiple exercises. Standard Flat and Plus Flat classifications under the 2023 HDB classification framework apply to Tengah flats, with Plus Flats carrying tighter resale and subletting conditions that will slow upgrader velocity compared with Standard Flats. Investors should check which flat type neighbours a target condo, as Plus Flat restrictions affect how quickly BTO residents can monetise and upgrade.

The upgrader cycle typically works as follows: a family buys a BTO flat in 2019 with a five-year Minimum Occupation Period completing in 2029 when the flat is ready. They move in, stabilise financially, build equity, and upgrade to a private condo in the same or adjacent district within 3-5 years of MOP. This produces a steady demand wave for Tengah private condos peaking around 2030-2035 based on the 2018-2023 BTO cohort.

For investors, this means:

  • Rental demand in Tengah will build materially from 2027-2030 as BTO completions multiply residents
  • Capital appreciation catalysts from upgrader demand will concentrate in the 2028-2035 window
  • Projects with the strongest school zone, Jurong Region Line proximity, and forest lifestyle differentiation will capture disproportionate upgrader demand
  • Holding period planning should target at least 8-10 years to capture the full upgrader wave

Compare the HDB upgrader dynamic to west-OCR vs north-east-OCR in the HDB upgrader private condo guide which covers MOP timing, CPF usage, ABSD implications, and upgrader profile analysis in detail.


Supply risk in District 24 and 2026 OCR landscape

OCR’s dominance of 2026 private launches at approximately 64% share, roughly 9,732 units by government land sales pipeline estimates, concentrates supply risk in the west and north of Singapore, including District 24. Investors must disaggregate total OCR supply to understand Tengah-specific pressure.

Tengah receives most of its new private supply through government land sales site releases. Multiple launches across Tengah’s five districts will overlap in timing from 2024 to 2028, creating competition for the same profile of young-family owner-occupier buyer. Projects that fail to differentiate on location, unit mix, or price relative to neighbours will face slower take-up and subsequent resale overhang.

Jurong West resale supply is more stable: the heartland stock is large but turnover is driven by genuine owner-occupier upgrading rather than speculative flipping. Resale condos from the early 2000s with over 60 years remaining lease trade at discounts relative to newer stock; investors should model lease decay carefully for units bought in this segment.

Risk management practices for D24:

  • Map TOP dates of every project within 1.5 kilometres of target condo and estimate absorption rate
  • Avoid projects with unit mixes that duplicate a neighbouring launch (for example, avoiding high two-bedroom concentrations if a competing project launches two-bedroom-heavy nearby)
  • Prefer projects adjacent to Jurong Region Line stations over bus-dependent parcels during the town maturation window
  • Check HDB BTO classification (Standard vs Plus) for flats within 500 metres to assess upgrader demand quality

Schools and family infrastructure in District 24

Tengah’s masterplan incorporates school provision from the start, which is critical to the family-rental premium thesis. However, because Tengah is a new town, the school ecosystem is still building and school zone premiums will intensify as town population grows.

Schools planned or recently established within or adjacent to Tengah include primary schools serving Plantation and Garden Districts. Secondary schools will follow as town population ages. Jurong West beyond Tengah already has an established school landscape including Jurong West Primary, Yusof Ishak Secondary, Shuqun Primary, and Millennia Institute as a tertiary option.

Families with children in primary school ages represent the dominant rental demographic for Tengah private condos. Three-bedroom and larger units command rent psf premiums over smaller units because families require room flexibility. Investors should weight portfolio toward family-sized units (1,000-1,400 sq ft, three bedroom) rather than two-bedroom investor-optimised layouts that will face stronger competition.

Community infrastructure including Tengah’s integrated hawker centres, library services, and polyclinics is phased across the build-out timeline. Jurong West already has Pioneer and Boon Lay community clubs, Jurong West Sports Centre, and the West Mall and Jurong Point malls serving residents who commute to Tengah by bus until Jurong Region Line opens.


Buyer scenarios for District 24 in 2026

Different investor profiles suit different parts of District 24. Here are four concrete scenarios to help calibrate fit.

Scenario A: Long-hold appreciation buyer (10-year horizon) Profile: Family with CPF and cash for a S$1.3M-S$1.6M new launch in Tengah. Willing to accept modest rental yield for 5-7 years while town matures. Expecting capital appreciation of 25-40% over 10 years driven by Jurong Region Line opening, town amenities activation, and HDB upgrader demand peak. Action: Target Tengah Garden or Park District private condo with Jurong Region Line station within 8-minute walk. Prioritise three-bedroom 1,000-1,200 sq ft for family owner-occupier use or eventual family tenant targeting. Read Tengah Garden Residences for a worked entry-level example.

Scenario B: Near-term yield buyer (5-year horizon) Profile: Investor who wants gross yield of 3.0-3.5% from day one. Cannot wait 5-8 years for Tengah maturation. Has S$900K-S$1.2M budget. Action: Target Jurong West resale from 2010-2018, within 10-minute walk or bus to Jurong West MRT. Seek three-bedroom layouts at S$1,750-S$1,900 psf with family-rental track record. Compare against District 22 Jurong resale options where employment anchors from Jurong Lake District also support rent.

Scenario C: EC subsidy capture buyer Profile: Singaporean citizen couple below income ceiling for Executive Condominium. Wants Tengah address but at subsidised entry. Accepts 5-year MOP during which unit cannot be rented to non-family. Action: Target Tengah EC launches. Entry psf typically S$1,000-S$1,400 with government subsidy applied at purchase. Capital appreciation on completion and post-MOP resale can be significant if town matures as planned. Check eligibility against HDB EC income ceilings before proceeding.

Scenario D: Diversified OCR portfolio buyer Profile: Investor building a two-or-three-property OCR portfolio. Wants geographic diversification across east and west Singapore. Action: Combine one Tengah new launch (appreciation pillar) with one Jurong West resale (yield base) or one D19 Punggol Waterway unit. Balance the portfolio between immediate cash flow and long-dated appreciation. Read District 19 Punggol Sengkang for north-east OCR comparison before choosing between east and west.


Tengah Garden Residences represents one of the most closely watched launches in Tengah’s development timeline. The project by GuocoLand in joint venture occupies a Garden District site with direct town park frontage and a Jurong Region Line station within the development precinct plan.

Pricing from approximately S$1.26 million for entry one-bedroom-plus-study and two-bedroom configurations made Tengah Garden Residences accessible to a wide range of buyers, including first-timer private property purchasers and HDB upgraders from Tengah and adjacent BTO towns. The near 99% sold rate at peak launch demonstrates genuine demand depth from buyers who accepted the rental maturity timeline in exchange for Tengah’s green lifestyle narrative at new-town pricing.

Key facts for investors considering the secondary market in Tengah Garden Residences:

  • Developers targeted three-bedroom layouts as the volume seller, which aligns with family-tenant rental strategy at town maturity
  • Car-lite design with cycling and pedestrian surface connectivity to Tengah Central Park directly from the development boundary
  • Estimated TOP timeline aligns with Jurong Region Line Phase 1 opening, making the station walk viable from day one of occupancy
  • Proximity to planned Tengah primary school serves the family owner-occupier and eventual family-tenant profile

Investors reading about Tengah Garden Residences for the first time should visit the project page for the full unit mix, floor plans, estimated completion timeline, and updated secondary market transact data. Do not rely on developer launch brochures from 2022 alone; secondary transacts from 2024-2026 provide a more current psf reference.


Insider tip: the Tengah vs Bukit Batok West timing gap

Tengah receives the majority of media and investor attention in District 24 because of the forest town narrative. However, the most under-discussed sub-market within reach is Bukit Batok West, which shares a boundary with Tengah’s Plantation District and will have direct Jurong Region Line access at Bukit Batok West station.

Bukit Batok West EC and private launches, including Altura EC and related pipeline sites, have priced slightly below Tengah proper because Bukit Batok West carries fewer lifestyle premiums. Once Jurong Region Line opens and residents on both sides of the boundary share the same physical station, the PSF differential between Bukit Batok West and Tengah Plantation will likely compress. Investors who prefer lower entry with similar infrastructure upside should map this boundary carefully before committing exclusively to Tengah-addressed projects.

This pattern of adjacent-district compression is documented in other Singapore new towns. When Punggol Coast launches priced below Punggol Waterway at launch and then compressed toward parity post-MRT, early Punggol Coast buyers captured the differential. Bukit Batok West in 2026 occupies a structurally similar position relative to Tengah Plantation.


Comparing District 24 against west and north-east OCR alternatives

Before committing to District 24, Invest Singapore recommends cross-reading the district against two clear alternatives that share OCR classification and similar buyer profiles.

District 22 Jurong offers Jurong Lake District as a fully funded employment and leisure transformation anchor. Jurong East MRT interchange provides East-West and North-South Line access today. Resale and new launch options span a wider range. Rental depth from Jurong industrial estate workers is already established. Read the District 22 Jurong property guide for full PSF, yield, and tenant pool analysis before deciding between Jurong and Tengah.

District 19 Punggol Sengkang offers north-east family town dynamics that parallel Tengah in many respects: car-lite Punggol Waterway lifestyle, young-family tenant demographic, HDB upgrader pipeline, and OCR PSF near S$2,154. Punggol is several years ahead of Tengah in maturation, offering a live case study of how a Singapore family new town matures from BTO completion into a private rental market. Read District 19 Punggol Sengkang property to benchmark Tengah’s projected trajectory.

The Singapore new launch condo guide 2026 covers the full OCR launch landscape with developer pipeline, pricing trends, and project-level comparison across all districts. The CCR vs RCR vs OCR Singapore property guide is the starting framework for any buyer choosing between regions.


What to verify before buying in District 24

Before signing an OTP in District 24, confirm all of the following:

  • URA Realis transact data for the specific project and comparable units within 500 metres in the last 12 months
  • Jurong Region Line station walking distance from the unit, measured against the actual construction progress map from LTA, not developer renders
  • HDB BTO classification (Standard vs Plus) for nearby BTO blocks to assess upgrader demand quality
  • TOP timeline and developer track record in Singapore new towns
  • Lease commencement date and remaining years for any resale or EC purchase (99-year leasehold; avoid buying with under 70 years remaining unless strategy is very short hold)
  • MCST fees against comparable OCR condos; Tengah new launches often price MCST contributions low at launch and adjust upward at town maturity
  • School zone verification against MOE’s official school allocation maps, not third-party aggregators which may lag

For HDB upgraders specifically, the HDB upgrader private condo guide covers MOP timing, ABSD remission rules, financial sequencing, and the practical steps for selling HDB and buying private OCR without bridging loan exposure.


Frequently Asked Questions

District 24 Tengah suits buyers who accept a 5-8 year rental maturity timeline in exchange for OCR pricing near or below S$2,154 psf and significant government masterplan backing. The forest town concept, Jurong Region Line connectivity, and one of Singapore's largest HDB upgrader pipelines support long-term capital appreciation. Investors who need immediate rental yield should compare nearby District 22 Jurong where tenant pools are already established.

Tengah new launches typically price at the OCR benchmark near S$2,154 psf, with premium-facing units at select projects nudging toward S$2,300-S$2,400 psf. Jurong West resale within District 24 can trade at S$1,700-S$1,950 psf on older 99-year leasehold stock. Boon Lay fringe parcels may price below S$1,900 psf depending on remaining lease and proximity to Jurong Region Line.

Government planning and developer projections put Tengah's residential rental market at meaningful depth in 5-8 years from 2026, as HDB BTO towns complete and residents upgrade to private OCR condos nearby. The first wave of Tengah residents moving into BTO flats from 2024 onward seeds the upgrader pool. Rental demand from the broader Jurong West and Boon Lay tenant base provides a bridge income floor during the maturation window.

Tengah is planned as Singapore's first car-lite new town, with a 100-hectare Central Park, a 5-kilometre Forest Corridor bisecting the town, and all roads placed underground or at the town's perimeter. HDB designed five distinct residential districts: Plantation, Garden, Park, Brickland, and Forest Hill. The town targets 42,000 households at full completion, served by five Jurong Region Line stations running through the town centre.

The Jurong Region Line is a new 24-km MRT line with 24 stations connecting Tengah, Jurong West, Boon Lay, Choa Chu Kang, and the Jurong Lake District. Phase 1 stations from Choa Chu Kang to Tengah Plantation open in 2028 per government targets, and phases 2 and 3 complete the line through Boon Lay and West Coast. Investors should underwrite today's bus-dependent reality for Tengah, not 2030 render maps.

Jurong West offers established tenant pools and resale liquidity today. Tengah offers lower absolute entry psf on new launches, larger living spaces per price point, and forest town lifestyle that should command a rental premium over Jurong West resale as town matures. Yield-focused buyers in 2026 should read our District 22 Jurong guide and then compare Tengah new launches against Jurong West resale to choose the right time horizon.

Tengah Garden Residences by GuocoLand in joint venture is one of the signature Tengah launches with units from approximately S$1.26 million and near 99% sold at peak launch. Copen Grand, Elta, and Luminar Grand represent other notable Tengah Executive Condominium and private condo launches since 2022. The D24 pipeline for 2026 remains supply-heavy as the town is still in early residential build-out.

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