The joint venture behind Chencharu Central Residences
The Chencharu Central Residences developer is a three-way joint venture. Its winning tender bid named the partners as Evia MCS, Gamuda (Singapore) and H108, a Ho Lee Group company. The same partners worked together on OLA executive condominium in Sengkang. Gamuda Land and Evia also worked together on Gem Residences in Toa Payoh.
Evia Real Estate
A Singapore real estate investment and development firm. It is Gamuda Land's repeat partner in Singapore residential projects and led the Chencharu Close bid.
Gamuda Land
The property arm of Malaysia's Gamuda Berhad, a listed engineering and infrastructure group known for large rail and tunnelling projects. It develops townships in Malaysia and projects in Singapore, Vietnam and Australia.
Ho Lee Group
A Singapore construction and property group with decades of experience in building and civil engineering, including public sector projects.
Track record in Singapore
| Project | Location | Type | Partners |
|---|---|---|---|
| Gem Residences | Toa Payoh | 99-year condominium | Gamuda Land, Evia |
| OLA | Anchorvale Crescent, Sengkang | Executive condominium | Gamuda Land, Evia, Ho Lee Group |
| Chencharu Central Residences | Chencharu Close, Yishun | Integrated condominium with bus interchange and hawker centre | Evia, Gamuda Land, Ho Lee Group |
Both earlier projects sold out, which suggests the team knows how to price and design for owner-occupiers in HDB heartland towns. Chencharu is a bigger challenge because it involves building public transport and hawker facilities to government standards inside a private development.
The winning bid
When the tender closed in September 2025, the consortium's bid of S$1,012,588,989.89 worked out to S$980 psf ppr. It was the highest of three bids, about 19.8% above the Frasers Property-led consortium's S$818 psf ppr and about 46% above Sim Lian Group's S$670 psf ppr. A gap that wide shows the developer was confident about demand for an integrated project in Yishun. Analysts expect that confidence to show in launch pricing. See the full tender analysis.
Developer's licence
Before selling homes off-plan in Singapore, a developer needs a housing developer's licence from the Controller of Housing. Reports before launch say licence C1561 was issued on 30 September 2026 for 876 units of flats with commercial. The licence lets the developer sell under the Housing Developers Rules. These rules protect buyers through a standard sale and purchase agreement and a project account that holds buyers' payments.
What the developer controls, and what HDB fixed
- Fixed by HDB's tender conditions: the bus interchange, the hawker centre, the commercial quantum, maximum gross floor area and the 99-year lease.
- Decided by the developer: architecture, block layout, unit mix, finishes, condo facilities, pricing and launch timing.
When the e-brochure is out, compare the fittings schedule and the facilities with other new launches. Register to receive it first.
Frequently Asked Questions
Who is the developer of Chencharu Central Residences?
A joint venture of Evia Real Estate (bidding as Evia MCS), Gamuda Land (Gamuda (Singapore)) and Ho Lee Group (via H108). The consortium was awarded the Chencharu Close site by HDB on 26 September 2025.
What has Gamuda Land built in Singapore?
Gamuda Land's Singapore projects include Gem Residences in Toa Payoh, developed with Evia, and OLA executive condominium in Sengkang, developed with Evia and Ho Lee Group.
Does the developer have a housing developer's licence?
Reports before launch cite housing developer's licence C1561, issued on 30 September 2026 for 876 units of flats with commercial. You can check a developer's licence on the URA developers' portal before you buy.
How much did the developer pay for the land?
About S$1.012 billion, or S$980 psf ppr. This was the highest of three bids and about 20% above the second-highest bid.