New developments are coming into focus as URA confirmed new GLS sites and the Chuan Grove tender closed on 8 July 2025. These land sales are shaping launch trends for condos and ECs across the city. Here’s the latest scoop:
1. Chuan Grove – Tender Closed (8 July 2025)
- Top bid: S$703.6M (~S$1,376 psf ppr) by Sing Holdings–Sunway JV ura.gov.sg+14era.com.sg+14ura.gov.sg+14ura.gov.sg
- Opened to 7 bidders, signaling robust developer interest era.com.sg
- Sets benchmark pricing in OCR near Lorong Chuan MRT, just below Bayshore’s S$1,388 psf era.com.sg
2. Confirmed GLS Sites – 2H2025 Programme
URA’s updated site list (as of 9 July) includes: ura.gov.sg
- Chuan Grove (Closed)
- Holland Link (Open for tender)
- Upper Thomson Rd (Parcel A)
- Telok Blangah Rd
- Dorset Rd
These join sites like Bukit Timah Rd, Bedok Rise, Lentor Central, and Dairy Farm Walk, to be tendered from Aug–Dec 2025 sbr.com.sg+11ura.gov.sg+11ura.gov.sg+11
3. High Level of Land Supply Ahead
- Confirmed list will yield ~4,725 private residential units, including ~990 EC units—highest in recent years era.com.sg+6mnd.gov.sg+6ura.gov.sg+6
- Reserve list adds 4,475 units across residences, commercial, and hotel plots hdb.gov.sg+15mnd.gov.sg+15ura.gov.sg+15
- Total 2H2025 GLS supply: ~9,200 units across sectors mingtiandi.com+9mnd.gov.sg+9ura.gov.sg+9
4. What Developers & Buyers Should Note
- Benchmark land rates near S$1,350–1,380 psf in OCR city-fringe locations like Chuan Grove
- EC launch pipeline getting stronger—look out for Tengah, Dairy Farm, and Woodlands plots
- Strategic locations: Holland Link and Dorset Road open up CCR and prime OCR areas
- Growth prospects: Buyers should eye early launches tied to MRT nodes and master-plan areas
5. Smart Insights & Tips
- Track tender awards – future condo launches follow GLS awarding
- Monitor EC supply – nearly 1,000 EC units from 2H 2025 for upgraders
- Use MRT proximity as your value gauge—Lorong Chuan, Upper Thomson, Telok Blangah
- Prepare financing early – land costs are rising; early approval gives edge
Final Take
With the Chuan Grove tender closed and a robust 2H 2025 GLS pipeline confirmed, July signals a pivotal moment for Singapore’s property market. Whether you’re an investor or homebuyer, tracking these benchmark land sales and upcoming tender sites gives you a head start on future condo and EC investment opportunities.
