As part of its strategic land release initiative for the second half of 2024, the Urban Redevelopment Authority (URA) has launched tenders for two residential Government Land Sale (GLS) sites, with the Chuan Grove plot in District 19 marking the second site to enter the market.
The tender, launched on December 3, 2024, will remain open until noon on July 8, 2025, providing developers with a seven-month window to formulate competitive bids for this prime real estate opportunity.
The Chuan Grove site, a 99-year leasehold parcel spanning approximately 1.58 hectares, offers considerable development potential with a Gross Plot Ratio of 3.0. Market analysts anticipate the site will yield approximately 550 residential units upon completion, contributing notably to the housing inventory in Singapore’s District 19.
With a 3.0 GPR and 1.58-hectare footprint, Chuan Grove promises to deliver 550 new homes to District 19’s residential inventory.
Formerly known as Chuan Park, the land was acquired through an en bloc sale valued at $890 million before its designation as a GLS site.
Strategically positioned adjacent to The Chuan condominium development, the site benefits from exceptional connectivity via the nearby Lorong Chuan MRT station, enhancing its appeal to prospective developers and future residents alike.
The plot’s location in a mature residential area with established amenities further augments its development potential and market value.
The Chuan Grove tender follows the earlier launch of the Holland Link GLS site, which closes for bids on July 29, 2025.
While specific bid projections for Chuan Grove remain undisclosed, industry observers expect competitive bidding given its prime location in District 19, contrasting with the Holland Link site where analysts forecast between one and two bids ranging from $1,200 to $1,300 per square foot per plot ratio.
This land parcel release aligns with the government’s calibrated approach to meeting housing demands through the GLS Programme, strategically introducing new development opportunities while maintaining market stability.
The site’s integration potential with existing neighborhood infrastructure positions it as a notable addition to Singapore’s residential property landscape, particularly within the established Lorong Chuan area where it will complement the existing residential ecosystem. This development comes at a time when the property market is projected to see a 4-7% price increase in 2025. The site is expected to attract three to five bids from developers who recognize its potential to appeal to HDB upgraders from nearby Toa Payoh. The development may benefit from approximately 3,815 BTO units that will fulfill their Minimum Occupation Period in Toa Payoh over the next four years.
