Second Chuan Grove GLS site launched for tender
Institutes inside 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 additionally close by, that may supply a pool of potential renters, says Yip.
Caveats lodged with URA since May 13 show that 753 units (82%) at Chuan Park have actually been marketed, leaving just 163 units left. The limited brand-new real estate units might equate to greater need for future private residential locations, adds Quek.
OrangeTee’s Quek foresees approximately 6 prospective buyers for the site, with a leading bid of $1,100 to $1,200 psf. “Given that there is a big catchment of potential HDB upgraders from the nearby locations of Serangoon, Bishan, and Ang Mo Kio, property developers may be enticed to bid for land here,” he describes. Quek includes that the landed residential territories in Serangoon Gardens and Lorong Chuan could also offer a pool of landed homeowners in the vicinity seeking to right-size.
Huttons’ Yip explains that the Chuan Grove spots might also leverage the limited stock of available housing in the wider 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 comparison, yearly sales in the OCR have actually balanced around 3,000 units in the last 5 years. This indicates the present unsold supply could be taken in by the market in just over a year, Yip assessments.
Justin Quek, CEO of OrangeTee & Tie, notes that the future projects on the Chuan Grove places might take advantage of the pent-up need that is apparent for brand-new homes in the area. Last November, the release of the Kingsford Team’s Chuan Park, located just down the road from the Chuan Grove spots, garnered a strong response with 76% of its 916 units snapped up during the kick off weekend. The units were sold off at a standard cost of about $2,579 psf.
At The Same Time, Marcus Chu, Chief Executive Officer of ERA Singapore, expects the result of the tender for the Chuan Grove site launched last December to factor into offers for the 2nd plot. “If the first Chuan Grove site observes high demand and offers, we could see demand spillover into this site,” he claims. As it is, he anticipates in between three to 5 bids for the latest site, with a leading bid of $1,250 to $1,350 psf ppr.
This is the 2nd 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 possibly generate 555 real estate units, will finalize on July 8.
URA has launched the tender for a residential Government Land Sale (GLS) site along 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 launched available for sale as part of the 1H2025 GLS Programme. The tender is going to close up on Sept 4.
He thinks the newly-launched Chuan Grove place could attract up to 3 prospective buyers, with a top proposal extending from $900 to $1,000 psf per plot ratio (ppr). “Regardless of the unpredictabilities from global charges, this site has reasonably lesser threat, considering the low level of unsold units in the area as well as islandwide,” he says.
As the Chuan Grove plots stand right next to each other, they share similar locational aspects, sees Mark Yip, CEO of Huttons Asia. The Chuan Grove area is a five-minute stroll to Lorong Chuan MRT Stop on the Circle Line, while also being beside the NTP+ shopping center, which provides dining and retail amenities.
