Marcus Chu, CEO of ERA Singapore, reckons the participation of Sing Holdings and Sunway Developments was likely driven by their goal to maintain benchmark pricing, having previously secured the adjacent Chuan Grove site. “There is also a strong motivation to acquire both plots, considering the advantages in managing pricing strategy and possible economies of scale in construction,” he says. “The winning bid amounts to 3.4% less than the $1,376 psf ppr paid in July 2025.”
Sing Holdings-Sunway Developments JV submits highest bid for second Chuan Grove GLS site at $1,331 psf ppr
https://www.edgeprop.sg/property-news/s ... 31-psf-ppr
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Sing Holdings
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