Second Chuan Grove GLS site launched for tender
URA has recently released the tender for a housing Government Land Sale (GLS) site near Chuan Grove, off Lorong Chuan in District 19. The 99-year leasehold place measures 156,231 sq ft and can produce around 505 units. The area was released available for sale as section of the 1H2025 GLS Programme. The tender is going to close up on Sept 4.
OrangeTee’s Quek anticipates as much as 6 prospective buyers for the site, with a top proposal 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, property developers may be attracted to bid for land here,” he explains. Quek adds that the landed residential enclaves in Serangoon Gardens and Lorong Chuan can also give a pool of landed homeowners around looking to right-size.
Schools 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 close by, that may provide a pool of potential tenants, says Yip.
As the Chuan Grove plots stand right beside each other, they share similar locational attributes, notices Mark Yip, Chief Executive Officer of Huttons Asia. The Chuan Grove area is a five-minute stroll to Lorong Chuan MRT Terminal on the Circle Line, while also being alongside the NTP+ shopping center, that uses dining and retail amenities.
He thinks the newly-launched Chuan Grove place could attract up to 3 bidders, with a leading quote ranging from $900 to $1,000 psf per plot ratio (ppr). “Regardless of the unpredictabilities from international tolls, this site has relatively lesser threat, taking into account the low level of unsold units in the area as well as islandwide,” he says.
Caveats lodged with URA as of May 13 show that 753 units (82%) at Chuan Park have actually been sold, keeping simply 163 units left. The limited new housing units might translate to greater demand for future private residential sites, includes Quek.
Justin Quek, Chief Executive Officer of OrangeTee & Tie, mentions that the future developments on the Chuan Grove sites can gain from the constrained demand that is apparent for new houses in the location. Last November, the release of the Kingsford Group’s Chuan Park, situated simply down the road from the Chuan Grove sites, achieved a strong response with 76% of its 916 units snapped up during the launch weekend. The units were reselled at an average cost of around $2,579 psf.
This is the second GLS site at Chuan Grove to be started for tender. Last December, a nearby plot within the 2H2024 GLS Programme increased for sale. The tender for the 511,232 sq ft site, which can potentially yield 555 housing units, will finalize on July 8.
Huttons’ Yip explains that the Chuan Grove locations may also leverage the limited source of accessible housing in the broader Outside Central Region (OCR). “Since 1Q2025, the OCR has the most affordable variety of unsold units of 4,361 on the market,” he claims. In comparison, yearly sales in the OCR have actually averaged about 3,000 units in the last 5 years. This indicates the present unsold supply could be absorbed by the industry in just around a year, Yip estimates.
Meanwhile, Marcus Chu, Chief Executive Officer of ERA Singapore, expects the result of the tender for the Chuan Grove site started last December to factor into bids for the 2nd plot. “If the initial Chuan Grove site observes high demand and offers, we can see demand spillover into this site,” he states. As it is, he forecasts between 3 to five bids for the current site, with a top proposal of $1,250 to $1,350 psf ppr.
