URA has launched the tender for a residential Government Land Sale (GLS) site along Chuan Grove, off Lorong Chuan in District 19. The 99-year leasehold site measures 156,231 sq ft and can yield about 505 units. The site was launched for sale as part of the 1H2025 GLS Programme. The tender will close on Sept 4.
This is the second GLS site at Chuan Grove to be launched for tender. Last December, an adjacent plot under the 2H2024 GLS Programme went up for sale. The tender for the 511,232 sq ft site, which can potentially yield 555 housing units, will close on July 8.
As the Chuan Grove plots are located right next to each other, they share similar locational attributes, observes Mark Yip, CEO of Huttons Asia. The Chuan Grove site is a five-minute walk to Lorong Chuan MRT Station on the Circle Line, while also being next to the NTP+ mall, which offers dining and retail amenities.
Schools within 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 School is also nearby, which may provide a pool of potential tenants, says Yip.
Justin Quek, CEO of OrangeTee & Tie, notes that the future developments on the Chuan Grove sites could benefit from the pent-up demand that is evident 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 sites, garnered a robust response with 76% of its 916 units snapped up during the launch weekend. The units were sold at an average price of around $2,579 psf.
Read also: Kingsford sells 76% of Chuan Park units at an average price of $2,579 psf
Caveats lodged with URA as of May 13 show that 753 units (82%) at Chuan Park have been sold, leaving just 163 units left. The limited new housing units may translate to higher demand for future private residential sites, adds Quek.
Huttons’ Yip points out that the Chuan Grove sites may also leverage the limited supply of available housing in the wider Outside Central Region (OCR). “As of 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 about 3,000 units in the last five years. This means the present unsold supply could be absorbed by the market in just over a year, Yip estimates.
He believes the newly-launched Chuan Grove site could attract up to three bidders, with a top bid ranging from $900 to $1,000 psf per plot ratio (ppr). “Despite the uncertainties from global tariffs, this site has relatively lower risk, taking into account the low level of unsold units in the area as well as islandwide,” he says.
OrangeTee’s Quek anticipates up to six bidders for the site, with a top bid of $1,100 to $1,200 psf. “Given that there is a large catchment of potential HDB upgraders from the nearby areas of Serangoon, Bishan, and Ang Mo Kio, developers may be enticed to bid for land here,” he explains. Quek adds that the landed residential enclaves in Serangoon Gardens and Lorong Chuan could also provide a pool of landed homeowners in the vicinity looking to right-size.
Meanwhile, Marcus Chu, CEO of ERA Singapore, expects the outcome of the tender for the Chuan Grove site launched last December to factor into bids for the second plot. “If the first Chuan Grove site sees high demand and bids, we could see demand spillover into this site,” he says. As it is, he predicts between three to five bids for the latest site, with a top bid of $1,250 to $1,350 psf ppr.
