Sing Holdings
Sing Holdings Limited is listed on the Singapore Exchange and has developed residential projects across Singapore for decades. Its projects include:
- Parc Botannia in Sengkang, a large leasehold condominium next to Sengkang Riverside Park
- Waterwoods in Punggol, an executive condominium by Punggol Waterway
- Robin Residences, a 134-unit freehold low-rise in the Robin Drive / Bukit Timah area
- The Laurels on Cairnhill Road, a boutique high-rise in the prime district
Parc Botannia and Waterwoods show experience with large suburban family developments, which is the same profile as One Chuan Grove.
Sunway Group
Sunway is one of Malaysia’s largest conglomerates. It is best known for integrated townships such as Sunway City Kuala Lumpur, and it also operates in property investment, construction, healthcare and education. Its construction arm gives the joint venture in-house building experience.
Why they bid for both plots
Winning the second plot let the joint venture combine the two sites into one development. That is a stronger product than two separate condos: a larger central facilities deck, more flexible block placement and lower costs per unit. It also stopped a competing developer from launching next door at the same time.
What the land bids tell buyers
| Plot 1 | Plot 2 | |
|---|---|---|
| Tender closed | 8 Jul 2025 | 4 Sep 2025 |
| Number of bids | 7 | 5 |
| Winning bid | $703.6M | $623.9M |
| Land rate | $1,376 psf ppr | $1,331 psf ppr |
| Est. units (before combining) | ~550 | ~505 |
Seven and five bids show strong developer demand for Lorong Chuan land. The land rate is the starting point for estimating launch prices. See the full land cost analysis.