Second Chuan Grove GLS site launched for tender
OrangeTee’s Quek anticipates approximately 6 bidders for the site, with a leading bid of $1,100 to $1,200 psf. “Considered that there is a large catchment of possible HDB upgraders from the neighboring locations of Serangoon, Bishan, and Ang Mo Kio, property developers may be tempted to bid for land here,” he explains. Quek includes that the landed residential enclaves in Serangoon Gardens and Lorong Chuan could also provide a pool of landed homeowners around looking to right-size.
Justin Quek, CEO of OrangeTee & Tie, mentions that the future developments on the Chuan Grove sites can take advantage of the pent-up interest that is apparent for new homes in the location. Last November, the launch of the Kingsford Group’s Chuan Park, situated simply down the road from the Chuan Grove spots, achieved a robust reaction with 76% of its 916 units snapped up throughout the launch weekend. The units were sold at a common cost of close to $2,579 psf.
Institutes within a 1km distance of the site consist of 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, that might offer a pool of potential renters, claims Yip.
This is the 2nd GLS site at Chuan Grove as being started for tender. Last December, a surrounding plot following the 2H2024 GLS Programme increased for sale. The tender for the 511,232 sq ft site, which can possibly generate 555 property units, will finalize on July 8.
At The Same Time, Marcus Chu, CEO of ERA Singapore, anticipates the result of the tender for the Chuan Grove site started last December to factor right into bids for the second plot. “If the very first Chuan Grove site sees high demand and proposals, we can see demand spillover right into this site,” he states. As it is, he predicts in between 3 to five bids for the most recent site, with a top proposal of $1,250 to $1,350 psf ppr.
URA has already released the tender for a residential Government Land Sale (GLS) site along Chuan Grove, off Lorong Chuan in District 19. The 99-year leasehold site measures 156,231 sq ft and can yield around 505 units. The site was debuted available for sale as section of the 1H2025 GLS Programme. The tender is going to shut on Sept 4.
As the Chuan Grove plots are located right alongside each other, they share similar locational aspects, sees Mark Yip, Chief Executive Officer of Huttons Asia. The Chuan Grove site is a five-minute walk to Lorong Chuan MRT Stop on the Circle Line, while additionally being beside the NTP+ shopping center, that offers dining and retail amenities.
Huttons’ Yip points out that the Chuan Grove locations may also leverage the minimal supply of in the market housing in the broader Outside Central Region (OCR). “Since 1Q2025, the OCR has the most affordable number of unsold units of 4,361 on the market,” he says. In comparison, annual sales in the OCR have actually balanced about 3,000 units in the last 5 years. This indicates the present unsold supply could be absorbed by the market in just over a year, Yip estimates.
He thinks the newly-launched Chuan Grove place can attract as much as 3 bidders, with a top quote varying from $900 to $1,000 psf per plot ratio (ppr). “In spite of the unpredictabilities from international tariffs, this site has reasonably lower danger, considering the reduced level of unsold units in the location in addition to islandwide,” he says.
Caveats lodged with URA since May 13 show that 753 units (82%) at Chuan Park have been marketed, leaving just 163 units left. The minimal new real estate units may equate to higher need for future private residential locations, includes Quek.
