Second Chuan Grove GLS site launched for tender
URA has already released the tender for a non commercial Government Land Sale (GLS) location near 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 site was debuted for sale as portion of the 1H2025 GLS Programme. The tender will shut on Sept 4.
Institutes within a 1km radius of the location consist of 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, that might offer a pool of prospective occupants, states Yip.
He believes the newly-launched Chuan Grove site might draw in up to three prospective buyers, with a leading proposal extending from $900 to $1,000 psf per plot ratio (ppr). “In spite of the uncertainties from international tolls, this site has reasonably lower threat, considering the low level of unsold units in the location as well as islandwide,” he says.
OrangeTee’s Quek foresees as much as six bidders for the site, with a top proposal of $1,100 to $1,200 psf. “Given that there is a large catchment of possible HDB upgraders from the neighboring areas of Serangoon, Bishan, and Ang Mo Kio, property developers may be tempted to bid for land here,” he explains. Quek includes that the landed residential territories in Serangoon Gardens and Lorong Chuan might also give a pool of landed homeowners in the vicinity looking to right-size.
As the Chuan Grove plots lie right next to each other, they share similar locational qualities, notices Mark Yip, Chief Executive Officer of Huttons Asia. The Chuan Grove site is a five-minute stroll to Lorong Chuan MRT Terminal on the Circle Line, whilst also being alongside the NTP+ shopping center, which offers dining and retail amenities.
Justin Quek, CEO of OrangeTee & Tie, mentions that the future developments on the Chuan Grove sites might benefit from the bottled-up demand that is apparent for new homes in the area. Last November, the launch of the Kingsford Group’s Chuan Park, located just down the road from the Chuan Grove spots, gathered a strong reaction with 76% of its 916 units snapped up throughout the release weekend. The units were sold off at a standard price of approximately $2,579 psf.
This is the second GLS location at Chuan Grove as being started 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 close on July 8.
At The Same Time, Marcus Chu, Chief Executive Officer of ERA Singapore, anticipates the result of the tender for the Chuan Grove site launched last December to factor right into proposals for the second plot. “If the very first Chuan Grove site sees high interest and offers, we might see demand spillover into this site,” he states. As it is, he anticipates in between three to five bids for the most recent site, with a leading quote of $1,250 to $1,350 psf ppr.
Huttons’ Yip points out that the Chuan Grove spots might additionally leverage the restricted stock of in the market real estate in the wider Outside Central Region (OCR). “As of 1Q2025, the OCR has the lowest variety of unsold units of 4,361 on the market,” he says. In contrast, annual sales in the OCR have balanced around 3,000 units in the last five years. This indicates the present unsold supply can be taken in by the industry in just over a year, Yip estimates.
Caveats lodged with URA since May 13 show that 753 units (82%) at Chuan Park have actually been offered, leaving just 163 units left. The minimal new real estate units may translate to greater need for future private residential locations, adds Quek.
