Second Chuan Grove GLS site launched for tender
Academies within a 1km span of the site consist of CHIJ Our Lady of Good Counsel, Presbyterian Primary School, St Gabriel’s Primary School and Yangzheng Primary School. The Australian International Academy is additionally nearby, which might supply a pool of interested renters, claims Yip.
On The Other Hand, Marcus Chu, CEO of ERA Singapore, anticipates the result of the tender for the Chuan Grove site started last December to factor right into offers for the 2nd plot. “If the initial Chuan Grove site observes high interest and offers, we can see demand spillover into this site,” he states. As it is, he forecasts in between three to five bids for the most up to date site, with a leading quote of $1,250 to $1,350 psf ppr.
This is the second GLS location at Chuan Grove as being started for tender. Last December, a surrounding plot under the 2H2024 GLS Programme increased for sale. The tender for the 511,232 sq ft site, which can possibly generate 555 real estate units, will finalize on July 8.
Caveats lodged with URA as of May 13 show that 753 units (82%) at Chuan Park have actually been sold, leaving simply 163 units left. The limited brand-new housing units might translate to higher need for future private residential spots, adds Quek.
Justin Quek, CEO of OrangeTee & Tie, mentions that the future property developments on the Chuan Grove sites could take advantage of the bottled-up interest that is apparent for new houses in the location. Last November, the launch of the Kingsford Team’s Chuan Park, situated just down the road from the Chuan Grove sites, achieved a sturdy feedback with 76% of its 916 units snapped up throughout the kick off weekend. The units were sold at an average price of around $2,579 psf.
Huttons’ Yip points out that the Chuan Grove spots may additionally leverage the limited supply of accessible real estate in the broader Outside Central Region (OCR). “Since 1Q2025, the OCR has the most affordable number of unsold units of 4,361 on the market,” he says. In contrast, annual sales in the OCR have averaged around 3,000 units in the last 5 years. This means the present unsold supply can be taken in by the industry in just around a year, Yip estimates.
URA has launched the tender for a housing 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 produce about 505 units. The area was launched available for sale as section of the 1H2025 GLS Programme. The tender is going to shut on Sept 4.
He believes the newly-launched Chuan Grove site might draw in as much as three bidders, with a top bid extending from $900 to $1,000 psf per plot ratio (ppr). “Regardless of the uncertainties from global excises, this site has reasonably lower danger, considering the low level of unsold units in the location as well as islandwide,” he says.
OrangeTee’s Quek expects up to 6 bidders for the site, with a top bid of $1,100 to $1,200 psf. “Given that there is a large catchment of possible HDB upgraders from the close-by areas of Serangoon, Bishan, and Ang Mo Kio, property developers may be enticed to bid for land here,” he explains. Quek includes that the landed residential territories in Serangoon Gardens and Lorong Chuan might also supply a pool of landed homeowners in the vicinity looking to right-size.
As the Chuan Grove plots stand right alongside each other, they share similar locational attributes, observes Mark Yip, CEO of Huttons Asia. The Chuan Grove site is a five-minute walking to Lorong Chuan MRT Stop on the Circle Line, whilst additionally being alongside the NTP+ shopping center, that supplies dining and retail amenities.
