Second Chuan Grove GLS site launched for tender
Academies 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 Academy is likewise nearby, that might give a pool of potential renters, says Yip.
Huttons’ Yip mentions that the Chuan Grove sites might also leverage the restricted source of accessible housing in the larger Outside Central Region (OCR). “As of 1Q2025, the OCR has the lowest variety of unsold units of 4,361 in the marketplace,” he says. In contrast, annual sales in the OCR have averaged about 3,000 units in the last five years. This means the present unsold supply can be consumed by the market in just around a year, Yip estimates.
He thinks the newly-launched Chuan Grove place can bring in up to 3 bidders, with a top proposal extending from $900 to $1,000 psf per plot ratio (ppr). “Regardless of the uncertainties from global tariffs, this site has reasonably lesser risk, taking into account the reduced level of unsold units in the area in addition to islandwide,” he says.
Caveats lodged with URA as of May 13 show that 753 units (82%) at Chuan Park have actually been sold, leaving just 163 units left. The minimal brand-new housing units may equate to greater need for future private residential sites, adds Quek.
URA has already launched the tender for a housing Government Land Sale (GLS) location near Chuan Grove, off Lorong Chuan in District 19. The 99-year leasehold site measures 156,231 sq ft and can generate about 505 units. The site was debuted available for sale as part of the 1H2025 GLS Programme. The tender is going to close on Sept 4.
This is the 2nd GLS location at Chuan Grove as being launched 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 yield 555 real estate units, will finalize on July 8.
Justin Quek, CEO of OrangeTee & Tie, mentions that the future progressions on the Chuan Grove places can gain from the bottled-up need that is evident for brand-new houses in the area. Last November, the launch of the Kingsford Group’s Chuan Park, situated simply down the road from the Chuan Grove spots, garnered a robust response with 76% of its 916 units snapped up during the launch weekend. The units were reselled at a common price of around $2,579 psf.
OrangeTee’s Quek anticipates as much as 6 prospective buyers for the site, with a top proposal of $1,100 to $1,200 psf. “Considered that there is a large catchment of potential HDB upgraders from the neighboring locations of Serangoon, Bishan, and Ang Mo Kio, developers may be enticed to bid for land here,” he explains. Quek includes that the landed residential territories in Serangoon Gardens and Lorong Chuan can also give a pool of landed homeowners in the vicinity 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 launched last December to factor into offers for the second plot. “If the initial Chuan Grove site observes high demand and offers, we might see demand spillover into this site,” he says. As it is, he forecasts in between three to 5 bids for the current site, with a top quote of $1,250 to $1,350 psf ppr.
As the Chuan Grove plots stand right beside each other, they share similar locational aspects, observes Mark Yip, Chief Executive Officer of Huttons Asia. The Chuan Grove site is a five-minute stroll to Lorong Chuan MRT Terminal on the Circle Line, while also being next to the NTP+ shopping center, that provides dining and retail amenities.
