Second Chuan Grove GLS site launched for tender
Caveats lodged with URA as of May 13 show that 753 units (82%) at Chuan Park have actually been offered, keeping just 163 units left. The limited brand-new housing units may equate to greater need for future private residential sites, includes Quek.
Meanwhile, Marcus Chu, Chief Executive Officer of ERA Singapore, expects the result of the tender for the Chuan Grove site launched last December to factor into proposals for the second plot. “If the very first Chuan Grove site sees high interest and bids, we could see demand spillover right into this site,” he states. As it is, he forecasts between 3 to 5 bids for the latest site, with a leading quote of $1,250 to $1,350 psf ppr.
Schools inside a 1km distance of the location include CHIJ Our Lady of Good Counsel, Presbyterian Primary School, St Gabriel’s Primary School and Yangzheng Primary School. The Australian International Academy is additionally not far away, which might offer a pool of interested renters, states Yip.
OrangeTee’s Quek anticipates as much as 6 bidders for the site, with a top proposal of $1,100 to $1,200 psf. “Given that there is a large catchment of potential HDB upgraders from the nearby areas of Serangoon, Bishan, and Ang Mo Kio, developers may be lured to bid for land here,” he describes. Quek includes that the landed residential territories in Serangoon Gardens and Lorong Chuan could also supply a pool of landed homeowners around looking to right-size.
URA has already launched the tender for a residential Government Land Sale (GLS) site near Chuan Grove, off Lorong Chuan in District 19. The 99-year leasehold place measures 156,231 sq ft and can generate about 505 units. The location was started for sale as part of the 1H2025 GLS Programme. The tender is going to close on Sept 4.
As the Chuan Grove plots lie right alongside each other, they share similar locational attributes, sees Mark Yip, Chief Executive Officer of Huttons Asia. The Chuan Grove site is a five-minute walking to Lorong Chuan MRT Station on the Circle Line, whilst also being alongside the NTP+ shopping center, which supplies dining and retail amenities.
Huttons’ Yip points out that the Chuan Grove locations may also leverage the restricted stock of in the market housing in the broader Outside Central Region (OCR). “Since 1Q2025, the OCR has the lowest variety of unsold units of 4,361 on the market,” he claims. In comparison, yearly sales in the OCR have actually averaged around 3,000 units in the last five years. This indicates the present unsold supply can be consumed by the industry in just around a year, Yip estimates.
He believes the newly-launched Chuan Grove place can draw in as much as 3 prospective buyers, with a top proposal ranging from $900 to $1,000 psf per plot ratio (ppr). “In spite of the unpredictabilities from worldwide tolls, this site has relatively lower risk, taking into account the reduced level of unsold units in the location along with islandwide,” he says.
Justin Quek, CEO of OrangeTee & Tie, notes that the future property developments on the Chuan Grove sites can benefit from the pent-up interest that is apparent for new homes in the area. Last November, the release of the Kingsford Team’s Chuan Park, located just down the road from the Chuan Grove spots, achieved a robust response with 76% of its 916 units snapped up during the release weekend. The units were sold off at a common price of close to $2,579 psf.
This is the second GLS site at Chuan Grove to be started for tender. Last December, a surrounding plot under the 2H2024 GLS Programme went up for sale. The tender for the 511,232 sq ft site, which can potentially generate 555 housing units, will finalize on July 8.
