Second Chuan Grove GLS site launched for tender
As the Chuan Grove plots stand right next to each other, they share similar locational qualities, sees Mark Yip, CEO of Huttons Asia. The Chuan Grove area is a five-minute stroll to Lorong Chuan MRT Stop on the Circle Line, while additionally being beside the NTP+ mall, which offers dining and retail amenities.
Huttons’ Yip points out that the Chuan Grove spots may also leverage the restricted source of in the market real estate in the wider Outside Central Region (OCR). “Since 1Q2025, the OCR has the most affordable number of unsold units of 4,361 in the marketplace,” he says. In contrast, annual sales in the OCR have actually averaged around 3,000 units in the last 5 years. This means the present unsold supply could be taken in by the industry in just over a year, Yip estimates.
He thinks the newly-launched Chuan Grove site could draw in up to three bidders, with a top proposal varying from $900 to $1,000 psf per plot ratio (ppr). “In spite of the uncertainties from international charges, this site has relatively lower danger, taking into account the low level of unsold units in the location along with islandwide,” he says.
This is the second GLS site at Chuan Grove as being started for tender. Last December, a surrounding plot following the 2H2024 GLS Programme went up for sale. The tender for the 511,232 sq ft site, that can likely generate 555 real estate units, will close on July 8.
URA has already launched the tender for a housing Government Land Sale (GLS) site near Chuan Grove, off Lorong Chuan in District 19. The 99-year leasehold place measures 156,231 sq ft and can produce around 505 units. The area was started available for sale as portion of the 1H2025 GLS Programme. The tender will close on Sept 4.
Meanwhile, Marcus Chu, Chief Executive Officer of ERA Singapore, anticipates the outcome of the tender for the Chuan Grove site started last December to factor into proposals for the second plot. “If the very first Chuan Grove site observes high demand and offers, we could see demand spillover right into this site,” he states. As it is, he forecasts in between 3 to five bids for the latest site, with a leading quote of $1,250 to $1,350 psf ppr.
Justin Quek, CEO of OrangeTee & Tie, considers that the future developments on the Chuan Grove places can gain from the bottled-up need that is evident for brand-new homes in the area. Last November, the launch of the Kingsford Team’s Chuan Park, located simply down the road from the Chuan Grove sites, gathered a robust response with 76% of its 916 units snapped up throughout the release weekend. The units were sold off at an average price of about $2,579 psf.
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 new real estate units may equate to greater need for future private residential spots, adds Quek.
OrangeTee’s Quek expects approximately six bidders for the site, with a leading bid of $1,100 to $1,200 psf. “Given that there is a large catchment of possible HDB upgraders from the close-by locations of Serangoon, Bishan, and Ang Mo Kio, property developers might be attracted to bid for land here,” he describes. Quek adds that the landed residential enclaves in Serangoon Gardens and Lorong Chuan might also provide a pool of landed homeowners in the vicinity looking to right-size.
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 not far away, that may give a pool of interested occupants, states Yip.
