An integrated development appeals because it makes ordinary days easier. A bus interchange, a place to eat and shops within the development can turn three separate errands into one trip downstairs. At Chencharu Central, there is also a useful land-purchase story behind that convenience.
HDB awarded the Chencharu Close site in September 2025 for about $1.013 billion. Across its 96,008 sq m of permissible gross floor area, that works out to about $980 psf per plot ratio. This is the blended rate for the commercial and residential development, not a residential-only land rate or an apartment selling price.
Chencharu Central Residences’ land against selected later awards
Land rate · $ per sq ft of permissible floor area (psf ppr) · a land cost, not a home price
- Chencharu Central ResidencesAwarded 26 Sep 2025 · this project$980
- Hougang Avenue 10 / Hougang CentralAwarded 14 Jan 2026 · +20.3% against Chencharu Central Residences$1,179
- Bayshore DriveAwarded 20 Jul 2026 · +35.1% against Chencharu Central Residences$1,323
Bars start at zero. Different sites in different places: a gap between two land rates is not a discount on a home or a forecast of its price. Blended whole-site rates, compared only with other large mixed-use sites. Checked 24 October 2026.
Later mixed-use purchases give us two reference points
Hougang Avenue 10 / Hougang Central was awarded in January 2026 at about $1,179 psf ppr, roughly 20% above Chencharu. In July, the commercial and residential site at Bayshore Drive was awarded at about $1,323, roughly 35% above Chencharu. These are completed awards, with developers committed to those land purchases.
They are useful references because all three combine homes with commercial uses. Their locations, commercial allocations and public-facility requirements differ, so the gaps cannot be read as apartment discounts. They do show that two later mixed-use developments start from higher blended land rates.
Later awarded land above Chencharu Central Residences’ rate
Of the 2 later large commercial-and-residential awards in the checked record, all 2 were above Chencharu Central Residences’ $980 psf ppr land rate. All are listed below, in the order they were awarded.
| Site | Awarded | Land rate | Higher by | Higher by % |
|---|---|---|---|---|
| Hougang Avenue 10 / Hougang CentralBlended commercial/residential rate | 14 Jan 2026 | $1,179 | +$199 | +20.3% |
| Bayshore DriveBlended commercial/residential rate | 20 Jul 2026 | $1,323 | +$343 | +35.1% |
Every later award in this group was higher, but the sites are in different places, some more central: this is the later pipeline, not how much this site's land has gained. Locations, density and development obligations differ.
What happened after this land purchase?
Each dot is one awarded site. The dashed line marks Chencharu Central Residences’ $980 psf ppr land rate.
Land-rate axis: $900 to $1,400 psf ppr. The scale is focused on the rates shown; it does not start at zero.
Hover over a dot, tap it on your phone, or use Tab and Enter to see the site and land rate. Tap elsewhere or press Esc to close.
Chencharu Central Residences’ land Higher later award (2)
All 2 later awards in this group were higher. Blended whole-site rates for different locations and use allocations. Checked 24 October 2026.
See the wider land-price trend across the full residential award record →That analysis uses all 47 qualifying residential awards, not only those above a project’s land rate; EC and large mixed-use comparisons stay separate. Comparing a launch’s psf with older homes? How to compare psf on GFA-harmonised and earlier homes.
