The Same Buyer Came Back for a Second Chuan Grove Parcel — and Paid Less

10 September 2025Blog District 19 OCR

The second Chuan Grove land sale site, outlined in red off Lorong Chuan

On 10 September the Urban Redevelopment Authority awarded a second Chuan Grove parcel to Sing Holdings Residential and Sunway Developments for $623,910,000 — $1,331 per square foot per plot ratio.

The same partnership had taken the first parcel eight weeks earlier, at $1,376.

What URA awarded


Site area	14,514.3 m² (156,232 sqft)
Maximum gross floor area	43,543 m² (468,693 sqft)
Allowable development	Residential
Tenure	99 years
Tendered price	$623,910,000 — $1,331 per square foot per plot ratio
Date of award	10 September 2025
URA expected completion	2030

Source: Urban Redevelopment Authority, September 2025.

Two parcels, one buyer, eight weeks apart

Parcel	Awarded	GFA (sqft)	Price	psf ppr
First parcel	17 Jul 2025	511,232	$703,600,000	$1,376
Second parcel	10 Sep 2025	468,693	$623,910,000	$1,331

Award figures from the URA media releases for each parcel.

The second parcel came $45 a square foot cheaper — about 3% below the first.

Two readings are available, and the honest answer is that the release does not say which is right. It may be that the second site is simply worth slightly less — a different shape, frontage or orientation on the same street. It may also be that a buyer who already holds the land next door has less reason to stretch: nobody is going to outbid them for the privilege of building beside a competitor they have already committed to.

What is certain is that the same partnership now controls close to a million square feet of permitted floor area on one Serangoon street.

What I would take from this

If you are buying around Lorong Chuan, expect these to arrive as a pair. One developer planning two adjacent sites usually phases them, which means a longer runway of new supply here than a single launch would suggest.

If you own in Serangoon, $1.33 billion of land commitment has landed on your doorstep across two tenders. That is a substantial bet on the address.

If you are watching land prices, this is a rare like-for-like: the same buyer, the same street, eight weeks apart, 3% lower. No launch date or developer price has been published, and this post does not estimate either.

Common questions

Who won the second Chuan Grove site?

Sing Holdings Residential Pte. Ltd. and Sunway Developments Pte. Ltd. — the same partnership that won the first parcel — at $623,910,000, about $1,331 per square foot per plot ratio, awarded 10 September 2025.

How does it compare with the first Chuan Grove parcel?

The first parcel was awarded on 17 July 2025 at about $1,376 per square foot per plot ratio; the second at about $1,331, roughly $45 a square foot or 3% lower, to the same buyer eight weeks later.