In October 2020, a government land sales (GLS) exercise for a new condo at Tanah Merah Kechil Link drew 15 bids from developers. It was ultimately won by MCC Land, whose bid of $930 per square foot per plot ratio was significantly above media analysts’ expectations of $850. The plot of land has a size of 8,880 square metres (sq m) and MCC Land is likely to build 265 condo units and 2,000 sq m of commercial space. The last time a GLS exercise attracted such a strong level of interest was back in 2018. So why did this land parcel at Tanah Merah Kechil Link spark such an intense bidding frenzy? There are a few reasons, which this article will examine in detail. First off, the location is highly strategic....