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, leaving just 163 units left. The limited new housing units may equate to higher need for future private residential sites, adds Quek.
Justin Quek, CEO of OrangeTee & Tie, mentions that the future developments on the Chuan Grove sites can gain from the pent-up need that is evident for brand-new homes in the location. Last November, the release of the Kingsford Group’s Chuan Park, located simply down the road from the Chuan Grove spots, achieved a robust reaction with 76% of its 916 units snapped up throughout the kick off weekend. The units were sold at a standard rate of close to $2,579 psf.
URA has recently released the tender for a non commercial 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 location was launched for sale as portion of the 1H2025 GLS Programme. The tender will close up on Sept 4.
Huttons’ Yip mentions that the Chuan Grove locations may also leverage the minimal stock of available real estate in the larger Outside Central Region (OCR). “Since 1Q2025, the OCR has the most affordable number of unsold units of 4,361 on the market,” he claims. In contrast, annual sales in the OCR have actually averaged about 3,000 units in the last 5 years. This means the present unsold supply can be consumed by the industry in just around a year, Yip estimates.
He believes the newly-launched Chuan Grove site might bring in as much as 3 bidders, with a leading bid ranging from $900 to $1,000 psf per plot ratio (ppr). “In spite of the unpredictabilities from worldwide tariffs, this site has reasonably lesser danger, considering the low level of unsold units in the location in addition to islandwide,” he says.
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As the Chuan Grove plots stand right next to each other, they share similar locational features, notices Mark Yip, Chief Executive Officer of Huttons Asia. The Chuan Grove area is a five-minute walk to Lorong Chuan MRT Terminal on the Circle Line, whilst additionally being beside the NTP+ mall, that provides dining and retail amenities.
OrangeTee’s Quek expects up to six bidders for the site, with a top bid of $1,100 to $1,200 psf. “Given that there is a large catchment of potential HDB upgraders from the nearby locations of Serangoon, Bishan, and Ang Mo Kio, developers might be lured to bid for land here,” he explains. Quek adds that the landed residential territories in Serangoon Gardens and Lorong Chuan can also provide a pool of landed homeowners around wanting to right-size.
At The Same Time, Marcus Chu, CEO of ERA Singapore, anticipates the outcome of the tender for the Chuan Grove site started last December to factor right into offers for the second plot. “If the first Chuan Grove site sees high interest and bids, we might see demand spillover into this site,” he states. As it is, he predicts in between three to 5 bids for the most recent site, with a leading quote of $1,250 to $1,350 psf ppr.
Schools within 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 also not far away, that might give a pool of prospective occupants, states Yip.
This is the second GLS location at Chuan Grove to be opened for tender. Last December, an adjacent plot within the 2H2024 GLS Programme went up for sale. The tender for the 511,232 sq ft site, which can potentially produce 555 real estate units, will close on July 8.
