Second Chuan Grove GLS site launched for tender
URA has launched the tender for a non commercial 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 yield about 505 units. The area was launched up for sale as portion of the 1H2025 GLS Programme. The tender will close up on Sept 4.
Academies within a 1km radius of the location include CHIJ Our Lady of Good Counsel, Presbyterian Primary School, St Gabriel’s Primary School and Yangzheng Primary School. The Australian International School is likewise close by, which may give a pool of interested renters, says Yip.
OrangeTee’s Quek anticipates 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 prospective HDB upgraders from the close-by locations of Serangoon, Bishan, and Ang Mo Kio, developers might be lured to bid for land here,” he describes. Quek includes that the landed residential enclaves in Serangoon Gardens and Lorong Chuan might also offer a pool of landed homeowners in the vicinity looking to right-size.
Caveats lodged with URA since May 13 show that 753 units (82%) at Chuan Park have actually been marketed, leaving simply 163 units left. The limited new housing units might translate to greater need for future private residential sites, includes Quek.
This is the 2nd GLS location at Chuan Grove as being opened for tender. Last December, a surrounding plot following the 2H2024 GLS Programme increased for sale. The tender for the 511,232 sq ft site, which can potentially yield 555 real estate units, will finalize on July 8.
He thinks the newly-launched Chuan Grove place could attract approximately three bidders, with a top proposal varying from $900 to $1,000 psf per plot ratio (ppr). “Regardless of the unpredictabilities from international tariffs, this site has relatively lower danger, taking into account the low level of unsold units in the area along with islandwide,” he says.
Justin Quek, CEO of OrangeTee & Tie, notes that the future property developments on the Chuan Grove places can take advantage of the pent-up demand that is evident for brand-new houses in the location. Last November, the release of the Kingsford Team’s Chuan Park, located just down the road from the Chuan Grove spots, gathered a strong feedback with 76% of its 916 units snapped up during the launch weekend. The units were sold off at a common rate of about $2,579 psf.
Huttons’ Yip explains that the Chuan Grove sites may also leverage the limited stock of in the market real estate 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 says. In contrast, yearly sales in the OCR have actually averaged about 3,000 units in the last five years. This means the present unsold supply could be taken in by the market in just over a year, Yip assessments.
As the Chuan Grove plots are located right next to each other, they share similar locational attributes, sees Mark Yip, Chief Executive Officer of Huttons Asia. The Chuan Grove site is a five-minute walking to Lorong Chuan MRT Stop on the Circle Line, while additionally being beside the NTP+ mall, which supplies dining and retail amenities.
On The Other Hand, Marcus Chu, Chief Executive Officer of ERA Singapore, expects the outcome of the tender for the Chuan Grove site started last December to factor into bids for the second plot. “If the initial Chuan Grove site observes high demand and proposals, we could see demand spillover right into this site,” he claims. As it is, he anticipates between three to five bids for the current site, with a top bid of $1,250 to $1,350 psf ppr.
