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Second Chuan Grove Site Up For Sale Amid Steady Demand In Area
The Straits Times
|May 15, 2025
A second Chuan Grove residential site has been released for sale under the 2025 Government Land Sales (GLS) programme.
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The 14,514.3 sq m site, which is on a 99-year lease, can accommodate 505 new condominium units. It is expected to attract firm interest amid steady demand for housing in the area.
The release of this plot follows the December 2024 tender launch for a similarly sized adjacent site in the Lorong Chuan area. That tender, expected to yield an estimated 555 units, closes on July 8.
The two Chuan Grove plots are on the market after a launch in the area recorded strong sales in November 2024.
Kingsford Development moved nearly 700 of the 916 units at its Chuan Park project over the launch weekend, making for a 76 per cent take-up rate at an average price of $2,579 per sq ft.
Dit verhaal komt uit de May 15, 2025-editie van The Straits Times.
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