Second Chuan Grove GLS site launched for tender
URA has already launched the tender for a residential 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 location was debuted available for sale as section of the 1H2025 GLS Programme. The tender will shut on Sept 4.
On The Other Hand, Marcus Chu, CEO of ERA Singapore, expects the result of the tender for the Chuan Grove site launched last December to factor right into proposals for the second plot. “If the initial Chuan Grove site observes high demand and bids, we might see demand spillover into this site,” he says. As it is, he predicts in between 3 to 5 bids for the most up to date site, with a top bid of $1,250 to $1,350 psf ppr.
Justin Quek, CEO of OrangeTee & Tie, notes that the future property developments on the Chuan Grove places might take advantage of the pent-up interest that is apparent for new houses in the area. Last November, the release of the Kingsford Group’s Chuan Park, situated simply down the road from the Chuan Grove sites, gathered a sturdy reaction with 76% of its 916 units snapped up during the kick off weekend. The units were reselled at a standard price of about $2,579 psf.
Caveats lodged with URA as of May 13 show that 753 units (82%) at Chuan Park have been sold, leaving simply 163 units left. The minimal brand-new housing units might translate to greater need for future private residential locations, adds Quek.
Huttons’ Yip explains that the Chuan Grove sites might likewise leverage the minimal source of in the market real estate in the broader Outside Central Region (OCR). “Since 1Q2025, the OCR has the lowest number of unsold units of 4,361 in the marketplace,” he says. In contrast, annual sales in the OCR have averaged 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.
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Institutes inside a 1km radius of the location consist of CHIJ Our Lady of Good Counsel, Presbyterian Primary School, St Gabriel’s Primary School and Yangzheng Primary School. The Australian International School is additionally close by, that may provide a pool of interested renters, claims Yip.
OrangeTee’s Quek foresees up to 6 prospective buyers for the site, with a leading proposal of $1,100 to $1,200 psf. “Considered that there is a big catchment of possible HDB upgraders from the nearby locations of Serangoon, Bishan, and Ang Mo Kio, developers might be enticed to bid for land here,” he explains. Quek adds that the landed residential enclaves in Serangoon Gardens and Lorong Chuan could also give a pool of landed homeowners in the vicinity seeking to right-size.
He believes the newly-launched Chuan Grove place could bring in as much as three prospective buyers, with a leading quote extending from $900 to $1,000 psf per plot ratio (ppr). “In spite of the unpredictabilities from worldwide excises, this site has fairly lower risk, taking into account the reduced level of unsold units in the area along with islandwide,” he says.
As the Chuan Grove plots lie right next to each other, they share similar locational aspects, sees Mark Yip, Chief Executive Officer of Huttons Asia. The Chuan Grove site is a five-minute walking to Lorong Chuan MRT Station on the Circle Line, whilst also being alongside the NTP+ mall, which provides dining and retail amenities.
This is the second GLS site 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 possibly generate 555 real estate units, will finalize on July 8.
