Second Chuan Grove GLS site launched for tender
Justin Quek, CEO of OrangeTee & Tie, notes that the future progressions on the Chuan Grove sites might benefit from the pent-up need that is evident for new homes in the location. Last November, the launch of the Kingsford Team’s Chuan Park, situated just down the road from the Chuan Grove spots, garnered a robust response with 76% of its 916 units snapped up throughout the kick off weekend. The units were reselled at a standard rate of close to $2,579 psf.
As the Chuan Grove plots stand right beside each other, they share similar locational qualities, observes Mark Yip, Chief Executive Officer of Huttons Asia. The Chuan Grove site is a five-minute walking to Lorong Chuan MRT Terminal on the Circle Line, while likewise being alongside the NTP+ shopping center, that supplies dining and retail amenities.
He believes the newly-launched Chuan Grove site could draw in as much as three bidders, with a top proposal varying from $900 to $1,000 psf per plot ratio (ppr). “In spite of the unpredictabilities from worldwide charges, this site has relatively lesser danger, considering the low level of unsold units in the area along with islandwide,” he says.
On The Other Hand, Marcus Chu, Chief Executive Officer of ERA Singapore, expects the outcome of the tender for the Chuan Grove site started last December to factor into offers for the 2nd plot. “If the initial Chuan Grove site sees high interest and proposals, we can see demand spillover right into this site,” he claims. As it is, he anticipates in between three to five bids for the current site, with a top bid of $1,250 to $1,350 psf ppr.
Huttons’ Yip points out that the Chuan Grove spots may likewise leverage the restricted source of in the market housing in the wider Outside Central Region (OCR). “Since 1Q2025, the OCR has the most affordable variety of unsold units of 4,361 on the market,” he claims. In contrast, annual sales in the OCR have balanced around 3,000 units in the last five years. This indicates the present unsold supply can be consumed by the industry in just over a year, Yip assessments.
This is the second GLS site at Chuan Grove as being started for tender. Last December, an adjacent plot within the 2H2024 GLS Programme increased for sale. The tender for the 511,232 sq ft site, that can possibly produce 555 housing units, will close on July 8.
URA has already launched the tender for a housing Government Land Sale (GLS) site around Chuan Grove, off Lorong Chuan in District 19. The 99-year leasehold place measures 156,231 sq ft and can produce about 505 units. The location was released up for sale as section of the 1H2025 GLS Programme. The tender is going to close up on Sept 4.
Caveats lodged with URA as of May 13 show that 753 units (82%) at Chuan Park have been offered, leaving just 163 units left. The limited new housing units might translate to higher demand for future private residential spots, includes Quek.
OrangeTee’s Quek foresees as much as 6 bidders for the site, with a top bid of $1,100 to $1,200 psf. “Given that there is a big catchment of possible HDB upgraders from the neighboring areas of Serangoon, Bishan, and Ang Mo Kio, developers may be attracted to bid for land here,” he describes. Quek adds that the landed residential enclaves in Serangoon Gardens and Lorong Chuan might also supply a pool of landed homeowners around looking to right-size.
Institutes within 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 School is additionally nearby, which may provide a pool of prospective renters, claims Yip.
