LinkTown Residences Developer: CapitaLand Development, UOL & Kheng Leong
Who is building LinkTown Residences: a residential joint venture of CapitaLand Development, UOL and Kheng Leong, with CICT owning the mall.
LinkTown Residences (Hougang Central Residences) is being developed by a joint venture of CapitaLand Development (50%), UOL Group (40%) and Kheng Leong (10%). The commercial part of the site, the mall, is owned 100% by CapitaLand Integrated Commercial Trust (CICT). Knowing who sits behind a new launch helps buyers read its likely quality, pricing approach and how the homes and the mall will work together.
How the Hougang Central site was won
The site is a government land sale (GLS) plot for commercial and residential use at Hougang Central, on a 99-year lease. The tender closed on 16 December 2025 and drew three bids:
| Bidder | Bid | Land rate |
|---|---|---|
| UOL, CapitaLand Development and CICT | S$1.5b | S$1,179 psf ppr |
| Sim Lian Group | S$1.47b | S$1,155 psf ppr |
| Frasers Property, Sekisui House and Lum Chang | ~S$1.4b | ~S$1,100 psf ppr |
The winning bid was 2.06% above the second, a narrow margin that suggests the bidders valued the site similarly. The award followed on 14 January 2026. It is the first major mixed-use GLS site in Hougang in over a decade. For what the land price means for launch prices, see the price guide.
Who does what
The residential joint venture
The homes, reported at about 830 units (UOL describes the project as more than 800 residential units), will be sold by the joint venture of CapitaLand Development, UOL and Kheng Leong. According to UOL’s August 2026 results presentation, the stakes are 50%, 40% and 10% respectively.
The mall
CICT is developing and will own the mall of about 300,000 sq ft of net lettable area, at an estimated development cost of about S$1.1 billion. It is set to be the largest mall in Hougang. CICT’s existing portfolio includes Plaza Singapura, Tampines Mall, Junction 8 and Bugis Junction.
The partners
CapitaLand Development (50%)
CapitaLand Development is the development arm of CapitaLand Group. Its Singapore residential work includes One Pearl Bank. With CDL, CapitaLand also developed Sengkang Grand Residences, an integrated project with Sengkang Grand Mall, a bus interchange, community club and hawker centre, completed around 2023.
UOL Group (40%)
UOL is a long-established listed group with residential development and hotels under the Pan Pacific and PARKROYAL brands. Recent projects include Amo Residence and Parktown Residence in Tampines.
Kheng Leong (10%)
Kheng Leong is the joint venture’s minority partner. According to its company profile, it was incorporated in 1949 as a commodity and spice trading company and has evolved into an investment group with interests in property development. The residential projects it lists include Avenue South Residence and Principal Garden.
Parktown Residence: the closest template
Parktown Residence in Tampines is the nearest model for what LinkTown Residences could look like. Developed by UOL, Singapore Land Group (a UOL subsidiary) and CapitaLand Development, it has 1,193 units and is integrated with a mall, bus interchange, community club, hawker centre and a future Tampines North CRL station. Based on reported transaction data, about 87% of units were sold on the February 2025 launch weekend at an average of around S$2,360 psf.
The indicative floor plans on this site use Parktown Residence sizes as a reference, because LinkTown’s own plans have not been released.
A strong track record is useful context, not a promise. Build quality, finishes and pricing for Hougang Central Residences will only be known from the developers’ sales materials, and past sales results do not predict future prices.
The developers have not yet released the project’s facilities, specifications, architect or showflat details. These are expected with the launch materials; the launch is expected in early 2027, and UOL’s August 2026 results guide a 2H 2027 launch. See the launch date page for updates.
Register to get the developers’ launch materials as soon as they’re released.
Frequently asked questions
Who is the developer of LinkTown Residences?
The homes are being developed by a joint venture of CapitaLand Development (50%), UOL Group (40%) and Kheng Leong (10%). CapitaLand Integrated Commercial Trust owns and is developing the mall.
Who is the developer of Hougang Central Residences?
Hougang Central Residences is the name many buyers use for LinkTown Residences. It is the same project, by CapitaLand Development, UOL and Kheng Leong.
How much did the developers pay for the Hougang Central site?
The UOL, CapitaLand Development and CICT consortium bid S$1.5 billion, or S$1,179 psf ppr, the highest of three bids. The site was awarded on 14 January 2026.
Have the same developers built an integrated condo before?
Yes. Parktown Residence in Tampines, by UOL, Singapore Land Group and CapitaLand Development, combines homes with a mall, bus interchange, community club, hawker centre and a future CRL station.
Information checked September 2026. Details are indicative until the developer’s release and may change. This is an independent marketing site, not the developer’s official website.