About Tan Boon Liat Redevelopment
Tan Boon Liat Redevelopment* is a proposed residential redevelopment of the freehold Tan Boon Liat Building at 315 Outram Road, at the junction with Zion Road next to Havelock MRT. Kingsford Havelock Pte Ltd, a unit of Kingsford Group, agreed to buy the property for S$950 million in July 2026.
*Working name until the developer names the project.
Tan Boon Liat Redevelopment key facts
- Buyer
- Kingsford Group
- Location
- 315 Outram Road, at Zion Road, District 3
- Name
- The project name is not announced yet
- Sale
- S$950 million, July 2026; subject to approvals
- Land tenure
- Freehold site; the new homes' tenure to be confirmed
- Planned use
- Residential with first-storey commercial, advised by URA, subject to approval
- Plot ratio
- 4.9 under URA's advised rezoning (3.1 today)
- Nearest MRT
- Havelock (Thomson-East Coast Line), next to the site
- Homes
- Once announced
- Bedroom types
- Once released
- Prices
- Once released
- Launch
- Once announced
- Last updated
- 30 Oct 2026
Tan Boon Liat Redevelopment price list and prices nearby
No prices have been released, so there is no price to quote yet. The site is freehold, while recent launches around Havelock are on 99-year leases; the price list will show the premium once it's out.
Prices nearby
| Project | What it is | Prices reported |
|---|---|---|
| Zyon Grand, 706 homes | 99-year new launch | Average S$3,050 psf; 84% sold on the launch weekend |
| Promenade Peak, 596 homes | 99-year new launch, August 2025 | Averages of S$2,894 psf (Promenade Collection) and S$3,343 psf (Promenade Suites) on the launch weekend |
| River Modern | 99-year new launch, March 2026 | Average about S$3,266 psf; over 90% sold on the launch weekend |
These are other projects, not this one's prices, which aren't out yet. Four launches around Havelock have sold close to 2,000 homes since August 2025.
What the site sold for
Kingsford bought the building for S$950 million in what was described as 2026's largest collective sale so far. That's about 5% below the S$1 billion reserve and about 17% below the S$1.15 billion asked in 2025, when the first tender drew no bid. No per-square-foot land rate for the final price has been reported. The record is still Farrer Court's S$1.339 billion in 2007.
Be first to get the price list once it's out
Send Me The Price ListHow you pay for Tan Boon Liat Redevelopment
Tan Boon Liat Redevelopment will be bought while it is still being built, so you don't pay the whole price at once. You pay 5% in cash to book, 15% when you sign the Sale and Purchase Agreement, and the rest in stages as the building goes up. The bank loan is drawn down the same way, so the monthly instalments start small and rise.
| Stage | Of the price |
|---|---|
| Booking (option to purchase) | 5%, cash |
| Sale and Purchase Agreement | 15% |
| Foundation | 10% |
| Reinforced concrete framework | 10% |
| Partition walls | 5% |
| Roofing and ceiling | 5% |
| Door and window frames, wiring, plumbing | 5% |
| Car park, roads and drains | 5% |
| TOP (keys) | 25% |
| Legal completion (CSC) | 15% |
The standard schedule for homes under construction; the exact stages are in your Sale and Purchase Agreement. Stamp duty and legal fees are paid on top.
Loans and CPF
- A bank loan covers up to 75% of the price on your first home loan
- All your monthly debt repayments together can't be more than 55% of your gross monthly income
- Banks test what you can afford at a 4% interest rate, whatever the actual rate
- After the 5% booking fee, CPF Ordinary Account savings can pay the later stages, stamp duty and monthly instalments, within CPF limits
Stamp duty
| Part of the price | Buyer's Stamp Duty |
|---|---|
| First S$180,000 | 1% |
| Next S$180,000 | 2% |
| Next S$640,000 | 3% |
| Next S$500,000 | 4% |
| Next S$1.5 million | 5% |
| Above S$3 million | 6% |
Charged on the price or the market value, whichever is higher. A Singapore Citizen buying a first home pays no Additional Buyer's Stamp Duty; a second home, and buyers who aren't Citizens, pay more. Rules can change, so check your own figures with your bank or lawyer.
Work out your numbers once the price list is out
Send Me The Price ListTan Boon Liat Redevelopment floor plans and unit mix
The number of homes, bedroom types, sizes, floor plans and facilities have not been announced. Under URA's advised zoning, up to about 16,146 sq ft of first-storey commercial space is allowed, so shops are planned downstairs.
Get the floor plans for the bedroom type you want
Send Me The Floor PlansTan Boon Liat Redevelopment e-brochure
The Tan Boon Liat Redevelopment e-brochure isn't released yet. The developer releases it at the preview, with the floor plans, sizes and facilities.
Get the e-brochure as soon as it's out
Send Me The E-BrochureTan Boon Liat Redevelopment location: Havelock, by Tiong Bahru
Outram Road and Zion Road meet at the site. On one side are Havelock Road's hotels and the river; on the other, Tiong Bahru and the Bukit Ho Swee HDB estates.
Getting around
Havelock MRT on the Thomson-East Coast Line is next to the site. Great World is one stop north, with an underground link to Great World mall, and Orchard is two. Outram Park, one stop south, connects to the East-West and North East lines; Shenton Way is three stops and Marina Bay four.
Schools in the area
Zhangde Primary, Alexandra Primary and River Valley Primary are within about 2 km, straight-line and subject to the final address. Proximity does not guarantee admission.
Food and daily needs
Tiong Bahru Market, Zion Riverside Food Centre and Havelock Road Cooked Food Centre are all around Havelock MRT, with a Michelin-featured fried kway teow and Tan's Tu Tu Coconut Cake. Concorde Shopping Centre is close by, Great World mall is one stop away, and Maxwell Food Centre and Chinatown are two stops south.
Parks and nature
Robertson Quay and the Singapore River are close by for riverside walks, with Tiong Bahru Park nearby and Pearl's Hill City Park by Outram Park.
Demand in the area
Four new launches around Havelock have sold close to 2,000 homes since August 2025, all on 99-year leases.
Good to know
Singapore General Hospital and the National Cancer Centre are at Outram Park, one stop away. The building is to be redeveloped once the sale completes.
Who this location suits
City workers who want the CBD a few stops away, and food lovers who want Tiong Bahru on the doorstep.
The developer: Kingsford Group
Kingsford Group's Singapore homes include Normanton Park, which sold all 1,862 homes within about 18 months of launch, Chuan Park, which sold 76% of its 916 homes on its launch weekend, One Marina Gardens and Lentor Gardens Residences. It also won the Telok Blangah Road government land site in November 2025.
Questions worth asking at the preview
- The tenure of the new homes
- The number of homes and the bedroom mix
- What goes into the first-storey commercial space
- The expected TOP date and maintenance fees
Tan Boon Liat Redevelopment timeline
- January 2025URA advises rezoning to residential with first-storey commercial
- July 2026Kingsford agrees to buy the building en bloc for S$950 million
- PendingStrata Titles Board approval and completion of the sale
- PendingRezoning and planning approval
- Not yet announcedName, preview, prices and launch
Tan Boon Liat Redevelopment FAQ
When is the launch?
Not announced. The sale still needs Strata Titles Board approval, and the rezoning must be granted first.
Is the sale final?
Not yet. It is conditional on the owners' approval and the Strata Titles Board.
Is it really freehold?
The site is freehold. The developer will confirm the tenure of the new homes.
How close is the MRT?
The site is next to Havelock MRT on the Thomson-East Coast Line.
How many homes will there be?
Not announced yet.
Will there be shops?
The advised zoning allows commercial space on the first storey.
What happens to the furniture shops?
The building is to be redeveloped once the sale completes.
Is there a price yet?
Not yet. Register to receive the prices once they're released.
Is this cheaper than Zyon Grand or Promenade Peak?
Prices aren't out, so no comparison can be made yet. Those are both 99-year launches; this site is freehold.
How far is the CBD?
Shenton Way is three stops and Marina Bay four from Havelock, and Orchard is two stops north via Great World.
Which interchange is nearest?
Outram Park, one stop away, for the East-West and North East lines.
What food is nearby?
Tiong Bahru Market, Zion Riverside Food Centre and Havelock Road Cooked Food Centre are all around Havelock MRT.
Is there a mall nearby?
Concorde Shopping Centre is close by, and Great World is one MRT stop away.
Which primary schools are near?
Zhangde Primary (about 1.3 km), Alexandra Primary (about 1.5 km) and River Valley Primary (about 1.6 km), in a straight line and subject to the final address. Living nearby doesn't guarantee a place.
What's the project called?
The name hasn't been announced.
Can I buy before my HDB flat reaches MOP?
No. You can only book once your flat has reached its minimum occupation period.
Who is the developer?
Kingsford Group, whose Singapore homes include Normanton Park, Chuan Park, One Marina Gardens and Lentor Gardens Residences.
Where can I see the Tan Boon Liat Redevelopment floor plans?
They aren't released yet. The developer releases them with the e-brochure at the preview. Leave your details and we'll send them to you as soon as they're out.
Is the Tan Boon Liat Redevelopment price list out?
Not yet. The price list comes out at the preview. Until then, the Prices nearby section shows what nearby launches and resale homes cost. Leave your details to get the price list as soon as it's released.
Where can I get the Tan Boon Liat Redevelopment e-brochure?
It isn't released yet. The developer releases the e-brochure at the preview. Leave your details and we'll send it to you, with the price list and floor plans, as soon as it's out.
More about Tan Boon Liat Redevelopment
About Tan Boon Liat Redevelopment
Freehold land next to Havelock MRT. Orchard two stops north. Shenton Way three stops south. A S$950 million purchase agreement by Kingsford Group, with residential use planned at the junction of Outram Road and Zion Road. Here is why Tan Boon Liat Redevelopment is worth a close look.
What you're buying into
Tan Boon Liat Redevelopment is the proposed residential redevelopment of Tan Boon Liat Building at 315 Outram Road, at the junction with Zion Road. Kingsford Group agreed to buy the freehold property en bloc for S$950 million in July 2026. The buying entity is Kingsford Havelock Pte Ltd, a unit of Kingsford Group.
The existing Tan Boon Liat Building is a 15-storey warehouse and showroom built in 1976, known for furniture and home decor. The residential proposal gives this established Outram Road address a new direction, beside a station that connects directly with Orchard and the CBD.
The attraction begins with that combination: freehold land, an established city-fringe address and the Thomson-East Coast Line next door. For buyers drawn to Havelock, Tan Boon Liat Redevelopment brings a residential proposal to a building already recognised as part of the neighbourhood.
Location
Next to Havelock MRT, with Great World and Outram Park either side
Tan Boon Liat Redevelopment is next to Havelock MRT on the Thomson-East Coast Line. One stop north, Great World MRT has an underground linkway to Great World mall. One stop south, Outram Park is the interchange for the East-West and North East lines, with Singapore General Hospital and the National Cancer Centre nearby.
Orchard is two stops north of Havelock. In the other direction, Shenton Way is three stops and Marina Bay is four. These are direct Thomson-East Coast Line journeys, so the rail connection serves both the Orchard shopping belt and the CBD without a change of train.
For buyers whose work and regular destinations fall along that route, the benefit is a home location built around direct rail access. Outram Park adds two other lines at the next station, extending the connection beyond the TEL itself.
Great World mall through an underground linkway
Great World MRT has an underground linkway to Great World mall. The station-to-mall connection gives the Havelock address a named shopping destination on the same train line, with the link continuing underground from the station.
That makes Great World part of the shopping offer around Tan Boon Liat Redevelopment. The appeal is a city-fringe residential address with mall access tied to the rail network, alongside the wider Orchard shopping destination further north.
Maxwell Food Centre and Chinatown
Maxwell Food Centre, Chinatown and the Buddha Tooth Relic Temple are near Maxwell MRT, two stops south of Havelock. This puts an established food and heritage destination on the same line as Tan Boon Liat Redevelopment.
Tian Tian Hainanese Chicken Rice is at Maxwell Food Centre, 1 Kadayanallur Street, and has been in business since 1986. For buyers who value established food destinations, Maxwell adds a specific draw beyond the employment and shopping connections of the TEL.
Singapore General Hospital, the National Cancer Centre and Pearl's Hill
Singapore General Hospital, the National Cancer Centre and Pearl's Hill City Park are near Outram Park. Together, they give the station next to Havelock a healthcare and green-space role as well as its interchange function.
For healthcare professionals based around Outram, Tan Boon Liat Redevelopment has a location connection to the medical precinct. For households who value access to those named healthcare institutions, the same station connection is part of the address's appeal.
Tiong Bahru Park nearby
Tiong Bahru Park is nearby. Alongside Pearl's Hill City Park near Outram Park, it adds a named green-space destination to the wider area around Tan Boon Liat Redevelopment.
The location offer therefore extends beyond the train and the shopping belt. Buyers drawn to an urban address also have established parks in the surrounding area, adding outdoor space to the city-fringe setting.
Outram Road and Zion Road: an established address
Tan Boon Liat Building stands at the junction of Outram Road and Zion Road. Giok Hong Tian Temple and Holiday Inn Atrium are also landmarks around Havelock.
This is an address with an existing neighbourhood identity. Tan Boon Liat Redevelopment takes its working name from a building known for furniture and home decor, bringing the residential proposal into a part of Havelock that already has recognisable places around it.
School
Zhangde Primary, Alexandra Primary and River Valley Primary
Zhangde Primary is about 1.3 km from the existing Tan Boon Liat Building, Alexandra Primary about 1.5 km, and River Valley Primary about 1.6 km. These are straight-line distances from the existing building.
For families already connected to Zhangde Primary, Alexandra Primary or River Valley Primary, Tan Boon Liat Redevelopment brings a residential proposal into the wider area around those schools. The attraction is the opportunity for a new home in a familiar part of Singapore, with existing school connections forming part of that location choice.
Why this project?
Freehold land among recent 99-year launches
The Tan Boon Liat Building land is freehold. Recent launches around Havelock, including Zyon Grand, Promenade Peak, River Green and River Modern, are on 99-year leases.
That gives the residential proposal a different starting point from the recent leasehold launches in the area. For buyers drawn to freehold land around Havelock, Tan Boon Liat Redevelopment has a clear distinction within that group of named projects.
A new residential chapter for a 1976 landmark
Tan Boon Liat Building dates from 1976. Its warehouse and showroom identity is tied to furniture and home decor; the proposed residential use changes the purpose of an established building at an established road junction.
For buyers who want Havelock rather than an entirely new neighbourhood, the appeal is a residential proposal at an address they already know. The residential proposal draws on existing rail, shopping, healthcare and school connections around Outram Road.
The neighbours
Zyon Grand: 706 homes, average launch price of S$3,050 psf
Zyon Grand has 706 homes and launched at an average of S$3,050 psf. Zyon Grand is one of the recent 99-year leasehold launches around Havelock, giving the area a named new-home price reference.
Psf means price per square foot of a home's floor area. An average launch psf describes the price of space across the homes sold in that launch period. Alongside a project's home count and tenure, it gives the nearby new-home market a concrete shape.
Promenade Peak: two collections at the August 2025 launch
Promenade Peak has 596 homes on a 99-year lease. At its August 2025 launch weekend, the Promenade Collection averaged S$2,894 psf and Promenade Suites averaged S$3,343 psf.
The two averages describe different parts of Promenade Peak's offer. They also show more than one price point within a single nearby launch, adding detail to the Havelock new-home picture beyond one headline average.
River Modern and River Green
River Modern launched in March 2026 at an average of about S$3,266 psf. River Modern and River Green are both 99-year leasehold projects among the recent launches around Havelock.
Together with Zyon Grand and Promenade Peak, these launches give Tan Boon Liat Redevelopment an established new-home market around it. The residential proposal enters a neighbourhood already served by named private residential projects, with recorded launch prices across several launches.
River Valley Green Parcel C: targeted preview in 2027
River Valley Green Parcel C has a target preview in the second half of 2027. The winning land bid was S$1,730 psf per plot ratio.
Psf per plot ratio is a land-cost measure based on allowable floor area. River Valley Green Parcel C adds another residential project to the wider Great World-area pipeline, extending the new-home activity around the Havelock and Great World stations.
Who's building it
Kingsford Havelock Pte Ltd and Kingsford Group
Kingsford Havelock Pte Ltd, a unit of Kingsford Group, is the buyer under the Tan Boon Liat Building purchase agreement. Kingsford Group is controlled by its founder and chairman, Cui Zhengfeng.
Kingsford's residential projects include Normanton Park, Chuan Park, One Marina Gardens and Lentor Gardens Residences. That gives the group named Singapore projects behind its proposed move into the Tan Boon Liat address.
The S$950 million purchase agreement
Tan Boon Liat Building was first marketed in February 2025 at S$1.15 billion. The collective sale was relaunched in February 2026 at S$1 billion, and the tender closed on 12 May 2026. Kingsford agreed to buy Tan Boon Liat Building for S$950 million in July 2026.
The agreed purchase price is about 5% below the S$1 billion reserve and about 17% below the S$1.15 billion asking price of 2025. These figures describe the agreed acquisition of the existing property.
Normanton Park and Chuan Park
Normanton Park has 1,862 homes and launched in January 2021. All 1,862 homes sold within about 18 months. Chuan Park has 916 homes and sold 76% on its November 2024 launch weekend.
These are large residential projects in Kingsford's record. For buyers following Tan Boon Liat Redevelopment, Normanton Park and Chuan Park give the Kingsford name a track record in bringing substantial private-home projects to market.
One Marina Gardens, Lentor Gardens Residences and Telok Blangah Road
One Marina Gardens has 937 homes and launched in April 2025 at an average of S$2,953 psf. Lentor Gardens Residences has 502 homes and previewed in July 2026. Kingsford was also awarded the Telok Blangah Road residential land parcel in November 2025.
The group's activity spans several Singapore residential locations. Tan Boon Liat Redevelopment adds the proposed Outram Road project to that wider residential pipeline, with Havelock MRT as its immediate location anchor.
Future
January 2025: the residential planning proposal
Outline planning advice was issued on 22 January 2025 for residential use with commercial space on the first storey, at a plot ratio of 4.9. The existing Business 1 zoning has a plot ratio of 3.1.
The proposed residential direction is the basis of the new-home story at Tan Boon Liat Redevelopment. It gives the familiar warehouse and showroom address a planned housing role, alongside first-storey commercial use.
July 2026: Kingsford agrees the purchase
The July 2026 S$950 million agreement marks the next step in Tan Boon Liat Building's collective-sale history. For buyers interested in the Havelock residential proposal, it puts a named property group and an agreed purchase amount behind the plans.
Second half of 2027: target preview for River Valley Green Parcel C
River Valley Green Parcel C targets a preview in the second half of 2027. That planned launch adds to the sequence of new residential projects around Great World, following recent launches in the wider Havelock area.
For Tan Boon Liat Redevelopment, the wider setting is a city-fringe neighbourhood with both existing connections and new residential activity. The proposal combines the existing Tan Boon Liat address with a future residential role, while the surrounding private-home market continues to add projects.
Who it suits
Professionals working in Shenton Way or Marina Bay
You want your next home location tied to a direct CBD rail connection. Tan Boon Liat Redevelopment brings a residential proposal next to Havelock MRT, with Shenton Way and Marina Bay on the same line. That puts the work connection at the centre of the address's appeal.
Buyers drawn to Havelock and freehold land
You want to follow a residential proposal on freehold land in Havelock. Tan Boon Liat Redevelopment has that starting point, in an area whose recent named launches are on 99-year leases. The land tenure gives the proposal its own position in the local new-home story.
Households with roots around Tiong Bahru and Outram
You want a new home in a familiar city-fringe area. Tan Boon Liat Redevelopment brings the residential proposal to Outram Road and Zion Road, with named schools, Tiong Bahru Park and the Outram medical precinct around the wider location.
Healthcare professionals based at Outram
You work around Singapore General Hospital or the National Cancer Centre and want to stay connected to that precinct. Tan Boon Liat Redevelopment places the residential proposal beside the TEL, with Outram Park at the next station.
