Second Chuan Grove GLS site launched for tender
Schools within a 1km radius 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 Academy is additionally not far away, that might give a pool of interested tenants, claims Yip.
This is the second GLS site at Chuan Grove as being opened for tender. Last December, a nearby plot under the 2H2024 GLS Programme increased for sale. The tender for the 511,232 sq ft site, that can possibly produce 555 real estate units, will finalize on July 8.
Caveats lodged with URA since May 13 show that 753 units (82%) at Chuan Park have been sold, leaving just 163 units left. The minimal new real estate units may equate to greater demand for future private residential sites, includes Quek.
Justin Quek, CEO of OrangeTee & Tie, considers that the future projects on the Chuan Grove sites might take advantage of the pent-up interest that is evident for brand-new houses in the location. Last November, the release of the Kingsford Group’s Chuan Park, situated just down the road from the Chuan Grove sites, achieved a robust response with 76% of its 916 units snapped up throughout the kick off weekend. The units were sold off at an average cost of close to $2,579 psf.
URA has released the tender for a residential 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 yield about 505 units. The area was released available for sale as part of the 1H2025 GLS Programme. The tender will shut on Sept 4.
OrangeTee’s Quek expects up to six prospective buyers for the site, with a top proposal of $1,100 to $1,200 psf. “Given that there is a large catchment of prospective HDB upgraders from the neighboring locations of Serangoon, Bishan, and Ang Mo Kio, developers might be lured to bid for land here,” he describes. Quek adds that the landed residential territories in Serangoon Gardens and Lorong Chuan could also offer a pool of landed homeowners in the vicinity looking to right-size.
Huttons’ Yip mentions that the Chuan Grove sites might likewise leverage the minimal supply of available housing in the wider Outside Central Region (OCR). “Since 1Q2025, the OCR has the lowest number of unsold units of 4,361 in the marketplace,” he says. In comparison, yearly sales in the OCR have balanced about 3,000 units in the last five years. This indicates the present unsold supply can be absorbed by the market in just over a year, Yip estimates.
He believes the newly-launched Chuan Grove place might draw in up to three prospective buyers, with a leading proposal ranging from $900 to $1,000 psf per plot ratio (ppr). “Regardless of the uncertainties from global tariffs, this site has relatively reduced threat, taking into account the reduced 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 result of the tender for the Chuan Grove site launched last December to factor into offers for the second plot. “If the first Chuan Grove site sees high demand and bids, we can see demand spillover into this site,” he claims. As it is, he predicts in between 3 to 5 bids for the most up to date site, with a leading proposal of $1,250 to $1,350 psf ppr.
As the Chuan Grove plots are located right alongside each other, they share similar locational features, observes Mark Yip, CEO of Huttons Asia. The Chuan Grove area is a five-minute walking to Lorong Chuan MRT Stop on the Circle Line, while also being beside the NTP+ shopping center, that provides dining and retail amenities.
