Huttons Asia has commented on the recent Government Land Sales (GLS) tender at Chuan Grove, where the top bid reached $1,331 per square foot (psf). This bid closely mirrors the previous tender’s top bid of $1,376 psf per plot ratio (ppr) in July 2025. Despite a lower number of bidders this time, the tender reflects developers’ confidence in the Lorong Chuan area’s demand.
The recent strong take-up at project launches following the June school holidays has encouraged developers to replenish their landbanks. Mark Yip, CEO of Huttons Asia, noted that these bids demonstrate developers’ belief in the area’s potential. Chuan Park, a nearby development, is more than 85% sold and is expected to sell out when new projects are launched.
The Outside Central Region, which includes Lorong Chuan, currently has the lowest number of unsold units, with approximately 2,000 available. This scarcity is likely to drive further interest in the area. Additionally, the government’s plans to develop Bishan into a subregional centre may increase demand for homes in Lorong Chuan.
As developers continue to show interest in the area, the market dynamics in Lorong Chuan could see significant changes, potentially affecting property values and availability. The ongoing developments and government initiatives are expected to shape the future of this vibrant region.
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