Second Chuan Grove GLS site launched for tender
Caveats lodged with URA since May 13 show that 753 units (82%) at Chuan Park have been offered, keeping simply 163 units left. The limited brand-new housing units may translate to greater demand for future private residential spots, includes Quek.
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 additionally not far away, that may offer a pool of interested renters, claims Yip.
He believes the newly-launched Chuan Grove place might attract as much as three bidders, with a leading proposal extending from $900 to $1,000 psf per plot ratio (ppr). “In spite of the unpredictabilities from worldwide excises, this site has fairly lesser threat, taking into account the low level of unsold units in the location as well as islandwide,” he says.
Marina View Residences floor plan
OrangeTee’s Quek anticipates up to 6 prospective buyers for the site, with a leading proposal of $1,100 to $1,200 psf. “Considered that there is a large catchment of potential HDB upgraders from the nearby areas of Serangoon, Bishan, and Ang Mo Kio, developers might be attracted to bid for land here,” he reveals. Quek adds that the landed residential enclaves in Serangoon Gardens and Lorong Chuan can also offer a pool of landed homeowners in the vicinity wanting to right-size.
As the Chuan Grove plots stand right alongside each other, they share similar locational aspects, 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, whilst likewise being alongside the NTP+ shopping center, that supplies dining and retail amenities.
Justin Quek, CEO of OrangeTee & Tie, mentions that the future property developments on the Chuan Grove sites can benefit from the pent-up demand that is apparent for brand-new homes in the location. Last November, the launch of the Kingsford Team’s Chuan Park, situated just down the road from the Chuan Grove spots, achieved a strong feedback with 76% of its 916 units snapped up throughout the kick off weekend. The units were sold at a common rate of about $2,579 psf.
Huttons’ Yip points out that the Chuan Grove locations may additionally leverage the limited stock of available housing in the wider Outside Central Region (OCR). “Since 1Q2025, the OCR has the lowest variety of unsold units of 4,361 in the marketplace,” he claims. In comparison, yearly sales in the OCR have averaged about 3,000 units in the last 5 years. This indicates the present unsold supply could be absorbed by the market in just around a year, Yip assessments.
This is the second GLS site at Chuan Grove as being started for tender. Last December, a surrounding plot under the 2H2024 GLS Programme went up for sale. The tender for the 511,232 sq ft site, that can likely produce 555 property units, will close on July 8.
URA has released the tender for a residential Government Land Sale (GLS) site around Chuan Grove, off Lorong Chuan in District 19. The 99-year leasehold place measures 156,231 sq ft and can produce about 505 units. The site was released for sale as part of the 1H2025 GLS Programme. The tender is going to close on Sept 4.
Meanwhile, Marcus Chu, CEO of ERA Singapore, expects the result of the tender for the Chuan Grove site started last December to factor right into proposals for the 2nd plot. “If the very first Chuan Grove site observes high demand and proposals, we can see demand spillover into this site,” he states. As it is, he anticipates in between 3 to 5 bids for the current site, with a top quote of $1,250 to $1,350 psf ppr.
