Chuan Grove 2 Awarded: From Standalone GLS Bid to Potential Mega-Site Play
In our earlier Chuan Grove GLS article, the central question was whether the first land bid could push nearby condo prices higher. After the second tender, the bigger question is no longer whether Lorong Chuan can support a new benchmark. It is whether the area is now heading toward a single, much larger project that could reshape the micro-market more decisively than the first parcel ever could on its own. URA has now awarded the second Chuan Grove parcel to the same Sing Holdings Residential–Sunway Developments pairing that won the first plot in July 2025.
The land math is immediately telling. The second parcel was won for S$623.91 million, or S$14,328.59 per sq m of GFA, which works out to about S$1,331 psf ppr. That is lower than the roughly S$1,376 psf ppr paid for the first parcel. On the surface, that looks like a softer result. But once the same group controls both adjacent sites, the more relevant number is the blended land cost for the combined acquisition — about S$1,355 psf ppr. That is the benchmark that really matters now.
Why Chuan Grove 2 Completes the Amalgamation Story
Why? Because the second parcel is not just another land sale. It is the parcel that completes the site-control story. In its SGX disclosures, Sing Holdings said the two plots could be amalgamated into a single residential development of around 1,055 units across five blocks, and its FY2025 filing later added that it had already received in-principle approval to harmonise the land tenure and undertake development on the amalgamated site. Subject to approvals, the project is expected to feature more than 1,000 apartments, about five shops, and construction starting in the second half of 2026.
That changes the pricing conversation. If the first parcel had remained a standalone site, the market would likely have fixated on its more aggressive S$1,376 psf ppr land rate. But with the second parcel secured at a lower rate, the developer now has more flexibility to fine-tune pricing, unit mix and positioning across the combined site.
More importantly, controlling both plots gives the Sing Holdings–Sunway partnership stronger control over benchmark pricing and the potential for economies of scale. For buyers, this could mean a more efficient, better-planned launch rather than a project forced to justify the first parcel’s land cost on its own.
GFA Harmonisation, Location Strength and the Chuan Park Benchmark
There is also a technical point that deserves more attention than it usually gets. Both Chuan Grove parcels were launched after URA’s harmonised floor-area rules for GLS sites took effect. That means both are GFA-harmonised. In plain English, buyers should be careful when comparing a future Chuan Grove unit to older nearby condos designed under earlier floor-area conventions. The psf comparison is still useful, but layout efficiency and true liveable space will matter even more than usual.
The location case, however, remains very similar to what we discussed previously. The Chuan Grove site is within walking distance of Lorong Chuan MRT, between the Bishan and Serangoon interchange nodes, and close to schools and the Australian International School. In other words, the second parcel does not alter the location’s core homebuyer appeal. It simply raises the likelihood that the eventual project will be larger and more complete.
For pricing, the strongest proof point is still Chuan Park. It sold 76% of its units at launch at an average of about S$2,579 psf, and recent public project data still shows it trading around S$2,661 psf on average with roughly 94% sold (as of 5th May 2026). That gives Lorong Chuan an already-established new-launch benchmark. Against that backdrop, CBRE’s view that a merged Chuan Grove project could eventually launch around S$2,750 to S$2,850 psf looks credible rather than speculative.
Chuan Grove 2 Completes the Thesis, But Not Every Condo Will Reprice Equally
So will nearby condo prices move higher? Probably yes, but selectively. The second Chuan Grove win reinforces the idea that Lorong Chuan has become a proven new-launch micro-market with real depth of demand. At the same time, the prospect of a 1,055-unit merged project means the uplift is unlikely to be a simple straight-line repricing of every surrounding development. The biggest beneficiaries are likely to be projects that can position themselves as credible alternatives to a future S$2,700-plus launch, while older stock may benefit more from demand spillover than from full-price convergence.
The bottom line is this: the second tender does not weaken the original Chuan Grove thesis. It completes it. The first parcel told us developers were willing to pay up for Lorong Chuan. The second parcel tells us the same team was willing to pay again, because controlling both plots may be worth more than the standalone economics of either one. For investors, the blended land cost is now the key number to watch. For homeowners, the more important questions are likely to be the eventual unit mix, launch timing, and whether the merged project can offer a superior lifestyle proposition to what is already on the market nearby.
Disclaimer:Â This blog post is for general information only and does not constitute financial, investment, legal or property advice. Project details, approvals, launch timing, pricing and market impact may change.
Article contributed by Jerry Wong.
Jerry Wong is a realtor at Propnex Realty, bringing a rich background in interior and lighting design to his work. He loves exploring diverse spaces and observing the transformative power of real estate. Beyond his professional role, Jerry finds his greatest fulfillment in connecting people with the right properties, gaining immense satisfaction from helping clients achieve their dreams.
