Second Chuan Grove GLS site launched for tender
URA has recently released the tender for a housing Government Land Sale (GLS) location along 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 location was released for sale as section of the 1H2025 GLS Programme. The tender will close up on Sept 4.
Huttons’ Yip points out that the Chuan Grove locations might additionally leverage the restricted source of available housing in the wider Outside Central Region (OCR). “Since 1Q2025, the OCR has the most affordable variety of unsold units of 4,361 in the market,” he claims. In contrast, annual sales in the OCR have actually balanced around 3,000 units in the last five years. This means the present unsold supply could be consumed by the industry in just around a year, Yip estimates.
This is the second GLS site at Chuan Grove as being 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, which can likely yield 555 property units, will close on July 8.
Justin Quek, Chief Executive Officer of OrangeTee & Tie, notes that the future developments on the Chuan Grove places can benefit from the bottled-up need that is apparent for new homes in the area. Last November, the release of the Kingsford Group’s Chuan Park, situated just down the road from the Chuan Grove spots, garnered a strong response with 76% of its 916 units snapped up throughout the launch weekend. The units were reselled at a standard cost of approximately $2,579 psf.
Institutes within a 1km span 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 also not far away, which may offer a pool of interested renters, claims Yip.
Caveats lodged with URA as of May 13 show that 753 units (82%) at Chuan Park have actually been marketed, keeping simply 163 units left. The limited brand-new real estate units may translate to higher need for future private residential sites, adds Quek.
OrangeTee’s Quek anticipates approximately 6 prospective buyers 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 neighboring areas of Serangoon, Bishan, and Ang Mo Kio, developers may be attracted to bid for land here,” he describes. Quek adds that the landed residential enclaves in Serangoon Gardens and Lorong Chuan might also provide a pool of landed homeowners in the vicinity seeking to right-size.
As the Chuan Grove plots are located right next to each other, they share similar locational attributes, notices Mark Yip, CEO of Huttons Asia. The Chuan Grove site is a five-minute stroll to Lorong Chuan MRT Stop on the Circle Line, whilst likewise being beside the NTP+ shopping center, which supplies dining and retail amenities.
On The Other Hand, Marcus Chu, CEO of ERA Singapore, anticipates the outcome of the tender for the Chuan Grove site launched last December to factor right into offers for the 2nd plot. “If the very first Chuan Grove site sees high demand and offers, we might see demand spillover right into this site,” he states. As it is, he anticipates in between 3 to five bids for the most recent site, with a top bid of $1,250 to $1,350 psf ppr.
He thinks the newly-launched Chuan Grove site can draw in as much as 3 bidders, with a leading quote varying from $900 to $1,000 psf per plot ratio (ppr). “Regardless of the unpredictabilities from worldwide excises, this site has relatively lower threat, considering the low level of unsold units in the location in addition to islandwide,” he says.
