Second Chuan Grove GLS site launched for tender
URA has already released the tender for a non commercial Government Land Sale (GLS) site along Chuan Grove, off Lorong Chuan in District 19. The 99-year leasehold place measures 156,231 sq ft and can yield about 505 units. The site was debuted available for sale as portion of the 1H2025 GLS Programme. The tender will shut on Sept 4.
Caveats lodged with URA since May 13 show that 753 units (82%) at Chuan Park have been offered, leaving just 163 units left. The minimal brand-new real estate units might translate to greater need for future private residential spots, includes Quek.
He believes the newly-launched Chuan Grove place could attract approximately three bidders, with a top quote extending from $900 to $1,000 psf per plot ratio (ppr). “Despite the uncertainties from worldwide tariffs, this site has fairly reduced threat, considering the reduced level of unsold units in the location in addition to islandwide,” he says.
As the Chuan Grove plots lie right next to each other, they share similar locational aspects, observes Mark Yip, CEO of Huttons Asia. The Chuan Grove site is a five-minute walking to Lorong Chuan MRT Station on the Circle Line, whilst also being next to the NTP+ mall, that uses dining and retail amenities.
Schools inside a 1km span of the site include CHIJ Our Lady of Good Counsel, Presbyterian Primary School, St Gabriel’s Primary School and Yangzheng Primary School. The Australian International School is additionally nearby, which may offer a pool of interested occupants, states Yip.
Huttons’ Yip mentions that the Chuan Grove spots might likewise leverage the limited stock of available housing in the wider Outside Central Region (OCR). “As of 1Q2025, the OCR has the most affordable variety of unsold units of 4,361 in the marketplace,” he claims. In contrast, annual sales in the OCR have averaged about 3,000 units in the last 5 years. This indicates the present unsold supply could be taken in by the market in just around a year, Yip assessments.
Kassia Condo Tripartite Developers Pte Ltd
On The Other Hand, Marcus Chu, Chief Executive Officer of ERA Singapore, anticipates the result of the tender for the Chuan Grove site launched last December to factor into proposals for the second plot. “If the initial Chuan Grove site observes high interest and bids, we can see demand spillover right into this site,” he claims. As it is, he forecasts between three to 5 bids for the latest site, with a top bid of $1,250 to $1,350 psf ppr.
This is the second GLS site at Chuan Grove as being launched for tender. Last December, an adjacent plot within the 2H2024 GLS Programme increased for sale. The tender for the 511,232 sq ft site, which can potentially yield 555 real estate units, will finalize on July 8.
Justin Quek, CEO of OrangeTee & Tie, considers that the future projects on the Chuan Grove sites could gain from the bottled-up interest that is evident for brand-new homes in the location. Last November, the release of the Kingsford Team’s Chuan Park, situated simply down the road from the Chuan Grove spots, achieved a robust response with 76% of its 916 units snapped up throughout the launch weekend. The units were reselled at a standard cost of close to $2,579 psf.
OrangeTee’s Quek expects as much as six bidders for the site, with a top proposal of $1,100 to $1,200 psf. “Considered that there is a big catchment of potential HDB upgraders from the nearby areas of Serangoon, Bishan, and Ang Mo Kio, developers might be lured to bid for land here,” he reveals. Quek adds that the landed residential territories in Serangoon Gardens and Lorong Chuan could also provide a pool of landed homeowners in the vicinity looking to right-size.
