Chencharu Close site likely to attract up to four bids

The tender for the site will close on 22 May 2025.

Real estate experts expect one to four bids for the Chencharu Close site, with the highest bid likely to come in at $1b.

According to OrangeTee, the positive attributes of the site, such as being near HomeTeamNS Khatib and Khatib MRT on the North-South Line, make the site attractive.

Additionally, the relative scarcity of land parcels released in Yishun, where the site is, will likely result in pent-up demand for private homes in the area.

However, OrangeTee said the numerous requirements tied to the development may also make it more complex to build.

Given these factors, OrangeTee anticipates two to four bidders for the site, with the highest bid price of $800 to $880 psf ppr.

PropNex has a more conservative projection, saying the suite might attract less than three bidders and a cautious bid between $810 and $850 psf ppr.

"Joint bids from developers are likely due to the large outlay of more than $800m," it said.

Huttons have a hgiehr rpeiocjetion for top bid, expeing a $930m to $1b bid, or a land rate of $900 to $1,000 psf ppr.

It, however, only expects one to two bids for the site, given its sizable price quantum.

"The tender will close on 22 May 2025, and this will give developers more time to assess the site and to better gauge market demand and sentiment next year," Huttons said.

Follow the link s for more news on

Huttons Asia

Orange Tee and Tie

PropNex

GLS tender

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia