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 been marketed, keeping simply 163 units left. The limited new housing units may equate to greater demand for future private residential spots, includes Quek.
Huttons’ Yip explains that the Chuan Grove spots may additionally leverage the restricted source of accessible 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 claims. In comparison, yearly sales in the OCR have averaged around 3,000 units in the last five years. This indicates the present unsold supply could be taken in by the industry in just over a year, Yip estimates.
Schools inside 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 School is likewise close by, that might supply a pool of interested renters, states Yip.
URA has recently released the tender for a residential 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 generate around 505 units. The area was started up for sale as part of the 1H2025 GLS Programme. The tender will close on Sept 4.
As the Chuan Grove plots are located right alongside each other, they share similar locational features, notices Mark Yip, Chief Executive Officer of Huttons Asia. The Chuan Grove area is a five-minute stroll to Lorong Chuan MRT Terminal on the Circle Line, while additionally being beside the NTP+ shopping center, that offers dining and retail amenities.
He believes the newly-launched Chuan Grove place can draw in approximately 3 prospective buyers, with a leading quote varying from $900 to $1,000 psf per plot ratio (ppr). “Despite the uncertainties from global excises, this site has fairly reduced danger, taking into account the low level of unsold units in the location as well as islandwide,” he says.
This is the second GLS location at Chuan Grove as being opened for tender. Last December, an adjacent plot following the 2H2024 GLS Programme increased for sale. The tender for the 511,232 sq ft site, that can potentially produce 555 real estate units, will finalize on July 8.
At The Same Time, Marcus Chu, Chief Executive Officer of ERA Singapore, expects the outcome of the tender for the Chuan Grove site launched last December to factor right into bids for the 2nd plot. “If the first Chuan Grove site sees high interest and bids, we might see demand spillover right into this site,” he states. As it is, he predicts between three to five bids for the most recent site, with a leading quote of $1,250 to $1,350 psf ppr.
OrangeTee’s Quek anticipates up to six bidders for the site, with a leading proposal of $1,100 to $1,200 psf. “Given that there is a big catchment of prospective HDB upgraders from the nearby areas of Serangoon, Bishan, and Ang Mo Kio, developers might be attracted to bid for land here,” he explains. Quek adds that the landed residential territories in Serangoon Gardens and Lorong Chuan can also supply a pool of landed homeowners around seeking to right-size.
Otto Place Hoi Hup Realty and Sunway Group
Justin Quek, Chief Executive Officer of OrangeTee & Tie, notes that the future progressions on the Chuan Grove sites can benefit from the bottled-up need that is evident for brand-new houses in the area. Last November, the release of the Kingsford Group’s Chuan Park, located simply down the road from the Chuan Grove spots, garnered a strong reaction with 76% of its 916 units snapped up during the launch weekend. The units were sold off at a standard cost of approximately $2,579 psf.
