Chuan Grove to attract seven bids, five for Holland Link sites

A real estate expert anticipate up to seven bids for the Chuan Grove GLS site and up to five bids for the Holland Link GLS site.

For the Chuan Grove site, OrangeTee forecasts top bids of $1,100 to $1,200 per square foot per plot ratio (psf ppr).

Meanwhile, bid prices for Holland Link are expected to range from $1,250 to $1,350 psf ppr.

The Chuan Grove site, near Lorong Chuan MRT, is set to yield 555 residential units and is expected to draw demand due to its proximity to schools.

The Holland Link site, part of a new residential neighborhood at Holland Plain, will yield 230 units and appeal with its sustainable design, green spaces, and access to prestigious schools.

For its part, the Urban Redevelopment Authority said the Holland Link and Chuan Grove sites can yield 230 and 555 residential units respectively.

Experts, however, caution that proximity to a columbarium may temper interest in Holland Link, whilst competition from recent launches could affect bids for Chuan Grove.