The Urban Redevelopment Authority (URA) has made two reserve list sites available for developers to apply to put up for tender. Located at Chuan Grove and Plymouth Avenue/Dunearn Road, the latter on the former Raffles Town Club site, they are expected to yield a total of 1,180 private homes.
Property analysts generally consider it unlikely that either site will be triggered for sale, given the ample supply of new private homes in both areas and the risks involved in triggering a tender.
On Tuesday (27 October), the URA made the two reserve list sites available for applications under the Government Land Sales programme. A site will be released for public tender only if a developer commits to a minimum bid that meets the government's expectations.
The Plymouth Avenue/Dunearn Road site being released is the former site of Raffles Town Club, whose lease expired on 17 October.
The 11,387.4 sq m site has a plot ratio of 2.1 and can yield a gross floor area (GFA) of up to 23,914 sq m. It is expected to accommodate a mixed-use development with 250 residential units.
The government requires commercial space on the ground floor, capped at 2,500 sq m. This must include a supermarket of at least 1,000 sq m.
The Chuan Grove site spans 31,695.7 sq m and has a plot ratio of 2.5, with a maximum gross floor area of 79,240 sq m. It is expected to yield 930 private homes.
The government previously awarded two Chuan Grove sites. These have been combined for the upcoming mega-development One Chuan Grove, which is expected to have 1,056 units.
Mogul.sg Chief Rsearch Officer Nicholas Mak expects neither site to be triggered for tender. He said some developers are reluctant to trigger sites because they must state their minimum bid and pay a 3% deposit when applying for a site to be put up for tender. The deposit will be forfeited if the developer does not bid when the formal tender opens.
Huttons Asia CEO Mark Yip also believes the two sites are unlikely to be triggered for tender. Yip said, “Based on past observations, some of these Reserve List sites will be shifted to the Confirmed List. Developers may choose to wait for 1H 2027 GLS programme.”
Newmark Head of Research Wong Shanting told Lianhe Zaobao (LHZB) that the Chuan Grove site's large size and regular shape offer flexibility in development planning, while its proximity to several primary schools is another advantage. However, its proximity to the Central Expressway and distance from Lorong Chuan MRT station make it less attractive.
Wong said, “Developers may prefer to gauge the sales performance of the upcoming One Chuan Grove before triggering this site for sale.”
PropNex Head of Research and Content Wong Siew Ying also believes developers will first monitor sales to gauge the depth of demand in the area. She said Chuan Park, in the same area, has sold 906 units (99%) and may already have absorbed some local demand.
Mak does not expect the Plymouth Avenue/Dunearn Road site in the Core Central Region (CCR) to be triggered for tender.
He noted that about 1,740 to 1,805 units on five sites already sold in the CCR have yet to be launched. A further 905 units have been launched but remain unsold, providing enough supply to meet demand in the short term.
Wong Shanting, however, believes the site's proximity to Stevens MRT Station, Singapore Chinese Girls' School and Anglo-Chinese School, coupled with the current lack of direct competition from similar projects, could attract developers to apply to trigger its sale.
