15/01/2026
A consortium comprising CapitaLand Integrated Commercial Trust (CICT), CapitaLand Development (CLD), and UOL Group Limited (UOL) has been awarded the Government Land Sales (GLS) site at Hougang Central for S$1.5 billion.
The site will be transformed into a landmark mixed-use development that will serve as a major civic hub for the North-East region.
Key details include:
Largest Mall in Hougang: The project will feature approximately 300,000 sq ft of net lettable area for retail and lifestyle concepts, addressing a significant undersupply of retail space in the area.
Residential Component: CLD and UOL will develop approximately 830 residential units.
Integrated Transport Hub: The development will be seamlessly integrated with the Hougang MRT station (connecting the North-East Line and the future Cross Island Line), a new bus interchange, and a new town plaza.
Community Space: It will feature a sheltered public event space and diverse F&B offerings to enhance community vibrancy.
Key Project Statistics
Site Area: 504,820 sq ft.
Total Development Cost
(Commercial): S$1.1 billion.
Target Completion: 2030 / 2031.
Tenure: 99-year leasehold.
Strategic Rationale
Hougang is one of Singapore’s most populous residential zones (nearly 230,000 residents). The consortium noted that private retail space per capita in Hougang is currently only 2.8 sq ft, far below the national average of 11.4 sq ft, representing significant untapped potential for this new development.
