What Happened at the Chencharu Close Land Tender?

Published 11 October 2026 · Figures as at October 2026

The Short Answer on the Chencharu Central Residences Land

The land for Chencharu Central Residences was sold through the Government Land Sales programme, with HDB acting as the Government’s land sales agent. HDB launched the Chencharu Close site for tender on 26 September 2024; the tender closed on 11 September 2025 with three bids; and on 26 September 2025 the site was awarded to the highest bidder, a joint venture of Gamuda Land, Evia Real Estate and Ho Lee Group, for S$1,012 million.

The award is public record, and so are the conditions that came with it. This article sets out what the tender asked for and who won it; what the homes will cost is for the developer’s price list, released in due course.

What the Chencharu Central Residences Tender Asked For

Chencharu Close is a mixed commercial and residential site of 29,450 square metres with a gross plot ratio of 3.26. The tender allowed a maximum gross floor area of 96,007 square metres, required at least 74,507 square metres of it to be homes, and set a technical height control of 61 metres.

Unusually, the developer was also asked to build public facilities into the scheme: a bus interchange of about 5,400 square metres, a 40-stall hawker centre of about 3,400 square metres, and a retail mall of about 12,600 square metres including a supermarket of at least 1,000 square metres. The development has 875 homes. The project details page lists every parameter.

The Bids and the Award for the Chencharu Central Residences Site

Three bids were received when the tender closed. The joint venture’s bid of S$1,012 million, equivalent to S$979.84 per square foot of permissible gross floor area, was the highest, and the Letter of Award was dated 26 September 2025. The other two bids came from a consortium led by Frasers Property and from Sim Lian Group, as reported by the press at the close.

A tender of this kind is decided on price once the bids meet the conditions, so the award confirms that the joint venture’s proposal met the requirements for the homes, the interchange, the hawker centre and the shops.

Who Won the Chencharu Central Residences Site

According to Gamuda Berhad’s announcement to Bursa Malaysia on 29 September 2025, the tender was submitted jointly by Gamuda (Singapore) Pte. Ltd., Evia MCS Pte. Ltd. and H108 Pte. Ltd., which hold 50%, 30% and 20% of the venture. The land is acquired through two joint-venture companies, Polaris Times Square Residences Pte. Ltd. and Times Square Mall Pte. Ltd.

The three partners have worked together before, on OLA in Sengkang, and Gamuda Land and Evia on Gem Residences in Toa Payoh. The developer page describes each partner.

The Chencharu Central Residences Lease and Timetable

The site carries a 99-year lease from 24 December 2025. The tender conditions require the development to be completed within 84 months of the award.

The developer will announce the preview and release the e-brochure, floor plans and price list in due course, and the latest updates page records each milestone as it happens.

How the Chencharu Central Residences Land Sale Worked

Under the Government Land Sales programme, sites are released for development by public tender. For most residential sites URA is the sale agent; for sites within HDB towns, such as Chencharu Close, HDB acts as the Government’s land sales agent. Each tender sets out the permitted use, the plot ratio, the maximum floor area and any special requirements, and bidders submit sealed bids by the closing date.

The results are published soon after the close, listing every bid, and the award follows once the agency has evaluated the top bid. For a mixed-use site the conditions are more detailed than usual, because the developer must deliver public facilities to a set standard alongside its own homes and shops. The particulars for Chencharu Close are listed on the project details page.

What the Tender Means for Buyers at Chencharu Central Residences

For a buyer, the tender matters mainly for what it fixes. The integrated components are conditions of the sale, so the bus interchange, the hawker centre and the supermarket are part of the development by design. The plot ratio and the height control set the overall scale, and the 84-month completion requirement sets the outer limit of the construction period.

The sale documents will confirm the final particulars when the developer releases the project, and registrants receive them first.

Why the Chencharu Central Residences Site Matters to Chencharu Town

Chencharu Close is the first mixed-use site of Chencharu, HDB’s new 70-hectare housing area in Yishun planned for about 10,000 homes by 2040. HDB’s masterplan places the integrated development on the town’s new community avenue, so the podium of Chencharu Central Residences becomes the everyday centre of the town.

The Chencharu Town guide describes the masterplan, and preview registrants receive each release from the developer first through the showflat page.