Second Chuan Grove GLS site launched for tender
Caveats lodged with URA since May 13 show that 753 units (82%) at Chuan Park have actually been marketed, leaving simply 163 units left. The minimal new housing units may equate to higher demand for future private residential sites, includes Quek.
Institutes inside a 1km span 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 likewise close by, that may offer a pool of interested renters, says Yip.
He believes the newly-launched Chuan Grove site can attract approximately three bidders, with a top proposal varying from $900 to $1,000 psf per plot ratio (ppr). “Regardless of the unpredictabilities from worldwide excises, this site has relatively lesser threat, considering the reduced level of unsold units in the location along with islandwide,” he says.
Justin Quek, Chief Executive Officer of OrangeTee & Tie, notes that the future progressions on the Chuan Grove places might gain from the constrained interest that is evident for new houses in the location. Last November, the launch of the Kingsford Group’s Chuan Park, located simply down the road from the Chuan Grove sites, gathered a robust reaction with 76% of its 916 units snapped up during the launch weekend. The units were sold at an average rate of close to $2,579 psf.
This is the 2nd GLS location at Chuan Grove as being launched for tender. Last December, a nearby plot following the 2H2024 GLS Programme went up for sale. The tender for the 511,232 sq ft site, that can possibly produce 555 housing units, will close on July 8.
OrangeTee’s Quek foresees as much as six bidders for the site, with a top bid of $1,100 to $1,200 psf. “Given that there is a big catchment of prospective HDB upgraders from the nearby locations of Serangoon, Bishan, and Ang Mo Kio, developers may be tempted to bid for land here,” he reveals. Quek includes that the landed residential territories in Serangoon Gardens and Lorong Chuan could also give a pool of landed homeowners around wanting to right-size.
As the Chuan Grove plots are located right alongside each other, they share similar locational features, sees Mark Yip, CEO of Huttons Asia. The Chuan Grove area is a five-minute walk to Lorong Chuan MRT Stop on the Circle Line, while also being beside the NTP+ shopping center, that provides dining and retail amenities.
Huttons’ Yip points out that the Chuan Grove sites might additionally leverage the minimal source of available real estate in the wider Outside Central Region (OCR). “Since 1Q2025, the OCR has the lowest number of unsold units of 4,361 on the market,” he says. In comparison, yearly sales in the OCR have balanced about 3,000 units in the last five years. This means the present unsold supply can be taken in by the market in just around a year, Yip estimates.
URA has launched the tender for a residential Government Land Sale (GLS) location near Chuan Grove, off Lorong Chuan in District 19. The 99-year leasehold area measures 156,231 sq ft and can yield around 505 units. The area was started up for sale as section of the 1H2025 GLS Programme. The tender is going to shut on Sept 4.
On The Other Hand, Marcus Chu, Chief Executive Officer of ERA Singapore, expects the outcome of the tender for the Chuan Grove site launched last December to factor right into offers for the second plot. “If the first Chuan Grove site observes high interest and proposals, we could see demand spillover right into this site,” he claims. As it is, he forecasts between three to five bids for the most up to date site, with a leading bid of $1,250 to $1,350 psf ppr.
