The second Authorities Land Sale (GLS) website at Chuan Grove closed on 4 September 2025 with 5 bids, reflecting wholesome developer curiosity regardless of the incoming provide of greater than 1,000 items from the 2 plots within the precinct. A three way partnership between Sing Holdings and Sunway Developments emerged high as soon as once more, submitting a bid of S$623.9 million, which interprets to S$1,331 psf per plot ratio (psf ppr).
Whereas the positioning has but to be formally awarded, this turnout cements the pair’s place because the main developer in Lorong Chuan’s upcoming residential enclave. They’d beforehand secured the first Chuan Grove GLS website in July with the next land fee of S$1,376 psf ppr.
Desk of contents
Two wins in a row for Sing Holdings and Sunway
The 156,231 sqft website on this spherical is the smaller of the 2 Chuan Grove plots, with a possible yield of round 505 non-public houses and a most gross flooring space (GFA) of 468,693 sqft. By comparability, the adjoining 511,232 sqft website secured earlier can accommodate about 550 items.
Collectively, the 2 plots might ship over 1,050 new houses, with challenge launches anticipated as early as late 2026. Securing each websites supplies the three way partnership with the flexibleness to plan phased launches, keep pricing management, and revel in economies of scale in development and advertising.
Whereas the highest bid this time was 3.3% decrease than the July tender, the S$1,331 psf ppr fee stays among the many stronger outcomes seen within the Exterior Central Area (OCR) this yr. The sooner S$1,376 psf ppr was simply shy of the file OCR land fee of S$1,388 psf ppr achieved for a Bayshore Street website in March 2025.
Aggressive however measured bidding at Chuan Grove
| Rating | Developer | Bid Value | Bid Value (psf per plot ratio) |
|---|---|---|---|
| 1 | Sing Holdings and Sunway Developments | S$623,910,000 | S$1,331 |
| 2 | COLI (Singapore) | S$606,060,000 | S$1,293 |
| 3 | Hong Leong Holdings and TID | S$588,000,000 | S$1,255 |
| 4 | Sim Lian Group | S$581,000,000 | S$1,240 |
| 5 | CK Asset Holdings | S$469,166,000 | S$1,001 |
The tender end result reveals that curiosity stays broad-based amongst main builders. COLI Singapore got here in second with a suggestion of S$606.06 million (S$1,293 psf ppr), simply 2.9% beneath the successful bid. COLI Singapore is China Abroad Land & Funding Ltd’s Singapore entity, a subsidiary of China State Development Engineering Corp.
The third and fourth bids, from a Hong Leong Holdings–TID three way partnership and Sim Lian, got here in at S$1,254 psf ppr and S$1,240 psf ppr, respectively. The ultimate bidder, Japura Improvement (CK Asset Holdings), tabled a considerably decrease S$1,001 psf ppr.
The 7% unfold between the highest and fourth bids suggests builders have been broadly aligned of their valuation of the positioning, even because the lowest bid fell far behind. Notably, all 5 builders who participated on this spherical had additionally bid for the primary Chuan Grove website earlier within the yr, reflecting sustained curiosity within the Lorong Chuan precinct.
Location benefits underpin developer confidence
A lot of the arrogance in Chuan Grove might be traced to its sturdy location attributes. Each GLS plots sit inside a 5-minute stroll of Lorong Chuan MRT Station on the Circle Line, providing direct connectivity to Bishan, Serangoon, and the broader community.
Day by day retail and eating wants are catered for by the NTP+ mall subsequent door, whereas bigger purchasing locations comparable to Junction 8 in Bishan and Nex in Serangoon Central are only a brief prepare trip or drive away.
For households, the precinct gives entry to a spread of colleges, together with CHIJ Our Girl of Good Counsel, Kuo Chuan Presbyterian Major, St Gabriel’s Major, and Yangzheng Major, all inside 1km. The Australian Worldwide College, situated throughout the road, additional enhances the positioning’s rental enchantment to expatriate households.
The mixture of transport accessibility, life-style facilities, and respected colleges supplies a compelling base for builders to market future tasks to each native upgrader households and worldwide tenants.
Robust benchmark set by Chuan Park in 2024
One other key reference level for the Chuan Grove websites is the efficiency of Chuan Park, a 916-unit redevelopment by Kingsford Group situated simply down the highway. Launched in November 2024, it marked the primary new non-public residential challenge within the space in about 14 years.
The response was fast and sturdy — 76% of items have been offered throughout its launch weekend at a mean worth of about S$2,579 psf. As of late August 2025, the challenge has achieved 85% gross sales at a barely larger common of S$2,586 psf, leaving fewer than 140 items accessible. Trade watchers anticipate the event to be totally offered earlier than the Chuan Grove tasks are launched later in 2026/2027.
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The sturdy momentum at Chuan Park demonstrates pent-up demand in Lorong Chuan and supplies builders with assurance that the precinct can assist new provide at comparable or larger worth factors.
Broader supply-demand within the Exterior Central Area
Past native dynamics, builders’ willingness to decide to each Chuan Grove websites additionally displays the broader supply-demand steadiness within the Exterior Central Area (OCR). As of 1Q2025, the OCR had simply 4,361 unsold items, the bottom throughout all areas. With annual OCR new house gross sales averaging round 3,000 items up to now 5 years, the present inventory may very well be cleared in little greater than a yr.
On the identical time, developer gross sales in 2025 have proven renewed vigour. By 24 August 2025, builders had offered almost 7,600 new non-public houses (excluding ECs), already surpassing the annual totals of 2024 and 2023. Greater than 3,700 items have been transacted within the OCR alone, underscoring resilient demand for mass market houses.
This restoration within the main market has seemingly emboldened builders to pursue GLS websites extra aggressively, as they anticipate stronger gross sales pipelines into 2026 and past.
What to anticipate from the Chuan Grove launches
With each websites now within the arms of Sing Holdings and Sunway Developments, consideration will flip to the eventual launch technique. The developments are prone to be rolled out in phases, balancing demand between the 2 plots. Consumers might embrace HDB upgraders from Bishan, Serangoon, and Ang Mo Kio. As well as, those that missed out on Chuan Park may even see the Chuan Grove tasks as their subsequent best choice.
In line with Wong Siew Ying, Head of Analysis and Content material at PropNex, common promoting costs within the upcoming Chuan Grove launch might exceed S$2,600 psf, primarily based on the land fee of S$1,331 psf ppr for this second website.
General, the outlook for the Lorong Chuan precinct stays constructive. Regardless of a mixed provide of about 1,000 items, analysts anticipate the realm’s sturdy fundamentals, from connectivity to schooling choices and confirmed purchaser demand, to make sure wholesome absorption as soon as gross sales start.
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