The second Government Land Sales (GLS) tender for the Chuan Grove site in Singapore concluded with five bids, fewer than the seven received for the first site awarded in July 2025. Despite its strong location near an MRT station and amenities, the site attracted less interest, possibly due to its lack of frontage and access compared to the first site. The joint venture of Sing Holdings Residential and Sunway Developments submitted the highest bids for both tenders, potentially allowing them to combine the sites into a large project of over 1,000 units, pending necessary approvals.
The Chuan Grove project could appeal to retirees looking to downsize from nearby areas like Serangoon and Ang Mo Kio Avenue 1. Its proximity to Lorong Chuan MRT Station and nearby shopping centres like NTP+ and Bishan Junction 8 enhances its attractiveness. Additionally, the site’s location next to the Australian International School may draw leasing interest from families of foreign professionals.
The top bid of S$623.9m, or S$1,331 per square foot per plot ratio, was 3.3% lower than the first site’s winning bid but aligned with expectations. Launch prices are expected to start at S$2,800 per square foot, potentially averaging between S$2,900 and S$3,000 depending on specifications and demand. The earlier Chuan Park launch in November 2024 sold 84% of its units by July 2025, indicating strong interest in the area, which could support the new project’s launch.
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