Second Chuan Grove Gls Site Launched Tender
The Urban Redevelopment Authority (URA) has recently announced the launch of a tender for a new residential Government Land Sale (GLS) site at Chuan Grove, located off Lorong Chuan in District 19. With a 99-year leasehold and a size of 156,231 square feet, this site has the potential to yield approximately 505 residential units. This site is part of the 1H2025 GLS Programme and the tender is set to close on September 4.
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The Sembawang Road Executive Condominium (EC) offers more than just a desirable residential setting and convenient transportation options. Located in the north of Singapore, this development is strategically situated near a plethora of shopping centres and dining options, making it a highly coveted location for future residents. Sembawang Road EC at Canberra MRT combines the best of both worlds – fulfilling daily needs and indulging in leisurely activities. From grocery shopping to retail therapy and even satisfying late-night food cravings, residents of Sembawang Road EC will have unparalleled convenience and a wide range of choices at their doorstep.
Interestingly, this is the second GLS site at Chuan Grove to be launched for tender. In December last year, an adjacent plot was put up for sale under the 2H2024 GLS Programme. This site spans 511,232 square feet and has the potential to yield 555 housing units. The tender for this site will close on July 8.
According to Mark Yip, CEO of Huttons Asia, both Chuan Grove sites have similar locational advantages as they are situated next to each other. The Chuan Grove site is just a short five-minute walk to the Lorong Chuan MRT Station on the Circle Line and is also near the NTP+ mall, which offers a variety of dining and retail options.
Furthermore, there are several reputable schools within a 1km radius of the site, including CHIJ Our Lady of Good Counsel, Kuo Chuan Presbyterian Primary School, St Gabriel’s Primary School, and Yangzheng Primary School. Also in close proximity is the Australian International School, which could potentially attract a pool of tenants, according to Yip.
Justin Quek, CEO of OrangeTee & Tie, believes that the future developments on the Chuan Grove sites could benefit from the high demand for new homes in the area. The launch of Kingsford Group’s Chuan Park last November, which is located just down the road from the Chuan Grove sites, saw a strong response with 76% of its 916 units snapped up during the launch weekend. These units were sold at an average price of around $2,579 per square foot (psf).
Recent caveats lodged with URA as of May 13 show that 753 units (82%) at Chuan Park have already been sold, leaving just 163 units available. This limited supply of new housing units could potentially result in a higher demand for future private residential sites, according to Quek.
Yip from Huttons also highlights that the Chuan Grove sites could leverage the limited supply of homes in the wider Outside Central Region (OCR). He points out that as of 1Q2025, the OCR has the lowest number of unsold units in the market, at just 4,361. In comparison, the average annual sales in the OCR over the last five years has been around 3,000 units. This indicates that the current unsold supply could be absorbed by the market in just over a year.
Given the current circumstances, Yip estimates that the newly-launched Chuan Grove site could attract up to three bidders, with a top bid range of $900 to $1,000 psf ppr. He also believes that despite uncertainties caused by global tariffs, this site has lower risks when taking into account the low level of unsold units in the area and island-wide.
On the other hand, Quek from OrangeTee anticipates up to six bidders for the site, with a top bid range of $1,100 to $1,200 psf. He explains that due to the large potential pool of HDB upgraders from nearby areas such as Serangoon, Bishan, and Ang Mo Kio, developers may be attracted to bid for this land. Additionally, the landed residential neighbourhoods in Serangoon Gardens and Lorong Chuan could also provide a pool of landed homeowners in the surrounding area looking to downsize.
Meanwhile, Marcus Chu, CEO of ERA Singapore, believes that the outcome of the tender for the first Chuan Grove site launched in December last year could also affect the bidding for this second plot. He states that “if the first Chuan Grove site sees high demand and bids, we could see demand spillover into this site”. As it stands, he predicts that there will be between three to five bids for the latest site, with a top bid range of $1,250 to $1,350 psf ppr.