Second Chuan Grove GLS site launched for tender
URA has launched the tender for a non commercial Government Land Sale (GLS) location around Chuan Grove, off Lorong Chuan in District 19. The 99-year leasehold area measures 156,231 sq ft and can produce around 505 units. The location was released available for sale as section of the 1H2025 GLS Programme. The tender will close on Sept 4.
This is the second GLS site at Chuan Grove to be opened for tender. Last December, an adjacent plot under the 2H2024 GLS Programme went up for sale. The tender for the 511,232 sq ft site, that can possibly yield 555 property units, will finalize on July 8.
He thinks 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). “In spite of the uncertainties from worldwide excises, this site has relatively lower risk, considering the low level of unsold units in the location in addition to islandwide,” he says.
Caveats lodged with URA since May 13 show that 753 units (82%) at Chuan Park have been marketed, leaving just 163 units left. The minimal brand-new housing units may equate to higher demand for future private residential spots, includes Quek.
Academies within a 1km distance 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 not far away, which might give a pool of interested tenants, says Yip.
Justin Quek, Chief Executive Officer of OrangeTee & Tie, considers that the future projects on the Chuan Grove sites might benefit from the constrained need that is evident for new houses in the location. Last November, the launch of the Kingsford Team’s Chuan Park, situated just down the road from the Chuan Grove sites, gathered a robust response with 76% of its 916 units snapped up throughout the launch weekend. The units were sold off at a common cost of approximately $2,579 psf.
At The Same Time, Marcus Chu, Chief Executive Officer of ERA Singapore, anticipates 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 demand and offers, we can see demand spillover right into this site,” he says. As it is, he anticipates between 3 to five bids for the most up to date site, with a top quote of $1,250 to $1,350 psf ppr.
As the Chuan Grove plots are located right beside each other, they share similar locational qualities, sees Mark Yip, CEO of Huttons Asia. The Chuan Grove area is a five-minute walk to Lorong Chuan MRT Stop on the Circle Line, while likewise being alongside the NTP+ shopping center, which offers dining and retail amenities.
OrangeTee’s Quek expects approximately 6 prospective buyers for the site, with a top bid of $1,100 to $1,200 psf. “Given that there is a large catchment of potential HDB upgraders from the neighboring areas of Serangoon, Bishan, and Ang Mo Kio, property developers may be attracted to bid for land here,” he describes. Quek includes that the landed residential enclaves in Serangoon Gardens and Lorong Chuan could also offer a pool of landed homeowners in the vicinity wanting to right-size.
Huttons’ Yip explains that the Chuan Grove sites might additionally leverage the restricted stock of available real estate in the wider Outside Central Region (OCR). “As of 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 actually balanced around 3,000 units in the last five years. This indicates the present unsold supply can be taken in by the industry in just over a year, Yip assessments.
