Second Chuan Grove GLS site launched for tender
Huttons’ Yip explains that the Chuan Grove spots might likewise leverage the limited source of available housing in the broader Outside Central Region (OCR). “Since 1Q2025, the OCR has the lowest number of unsold units of 4,361 in the market,” he says. In comparison, annual sales in the OCR have averaged around 3,000 units in the last 5 years. This means the present unsold supply can be consumed by the industry in just over a year, Yip estimates.
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 site is a five-minute walking to Lorong Chuan MRT Terminal on the Circle Line, whilst also being beside the NTP+ mall, which uses dining and retail amenities.
Justin Quek, Chief Executive Officer of OrangeTee & Tie, notes that the future projects on the Chuan Grove sites might take advantage of the bottled-up interest that is apparent for brand-new houses in the location. Last November, the release of the Kingsford Group’s Chuan Park, located simply down the road from the Chuan Grove spots, garnered a robust reaction with 76% of its 916 units snapped up throughout the release weekend. The units were sold off at an average cost of close to $2,579 psf.
Academies inside a 1km distance 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 Academy is likewise not far away, which might supply a pool of interested occupants, 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 minimal new real estate units may translate to higher need for future private residential spots, includes Quek.
URA has recently released the tender for a residential Government Land Sale (GLS) site near Chuan Grove, off Lorong Chuan in District 19. The 99-year leasehold area measures 156,231 sq ft and can generate around 505 units. The location was debuted up for sale as portion of the 1H2025 GLS Programme. The tender is going to close up on Sept 4.
Springleaf Residence floor plan
He thinks the newly-launched Chuan Grove place might draw in approximately 3 prospective buyers, with a leading quote ranging from $900 to $1,000 psf per plot ratio (ppr). “Despite the uncertainties from worldwide tariffs, this site has reasonably reduced risk, considering the low level of unsold units in the location along with islandwide,” he says.
OrangeTee’s Quek foresees up to 6 bidders for the site, with a leading bid of $1,100 to $1,200 psf. “Considered that there is a big catchment of prospective HDB upgraders from the close-by locations of Serangoon, Bishan, and Ang Mo Kio, property developers may be lured to bid for land here,” he explains. Quek adds that the landed residential enclaves in Serangoon Gardens and Lorong Chuan could also offer a pool of landed homeowners in the vicinity looking to right-size.
This is the second GLS location at Chuan Grove as being launched for tender. Last December, a surrounding plot within the 2H2024 GLS Programme increased for sale. The tender for the 511,232 sq ft site, which can likely produce 555 housing units, will close on July 8.
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 second plot. “If the first Chuan Grove site observes high interest and proposals, we might see demand spillover right into this site,” he claims. As it is, he predicts between 3 to five bids for the latest site, with a leading quote of $1,250 to $1,350 psf ppr.
