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The Chuan Grove GLS site is awarded at S$1,376 psf ppr
The first Government Land Sales (GLS) site tender at Chuan Grove closed on July 8 with a strong showing, attracting seven bids and a notably bullish top offer. A joint venture between Sing Holdings and Sunway Developments emerged as the highest bidder, submitting S$703.6 million, or S$1,376 psf per plot ratio (psf ppr), a level that landed at the upper end of analyst expectations.
The Chuan Grove GLS plot, located in District 19 just off Lorong Chuan, is one of two adjacent 99-year leasehold sites released under the GLS programme. The tendered site spans about 170,409 sqft, with a potential yield of 555 new homes and enjoys a strategic location 400m from Lorong Chuan MRT Station, part of the Circle Line.
This is the first GLS site around Lorong Chuan MRT in over 15 years, since Hong Leong Group secured a parcel in Serangoon Avenue 3 back in 2009 (now developed into The Scala). That project was launched at an average of S$1,150 psf in 2010. A lot has changed since then.
The bid of S$1,376 psf ppr reflects developer confidence in both the site’s connectivity and the strong performance of surrounding projects. It’s also in line with the momentum seen in recent GLS tenders.
What likely fuelled the confidence is the recent success of Chuan Park, a 916-unit project by Kingsford Development nearby. Launched in November 2024, the development saw 76% of units snapped up during launch weekend at an average price of S$2,579 psf. As of July 2025, 84% of the project has been sold at an average of S$2,585 psf, according to URA caveats.
Given the robust take-up at Chuan Park and relatively tight unsold stock in the OCR, the upcoming projects in Lorong Chuan could enjoy healthy demand, especially if priced right between S$2,400 to S$2,600 psf.
