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The Urban Redevelopment Authority (URA) has awarded the tender for the site at Lentor Gardens to the sole tenderer, GuocoLand (Singapore) Pte. Ltd. and Intrepid Investments Pte. Ltd.
The site at Lentor Gardens was launched for tender on 31 October 2022. The tender for the site closed on 4 April 2023. The site was offered for sale on a 99-year lease term.
Details of the awarded site and the successful tenderer are provided below:
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| LOCATION | ALLOWABLE DEVELOPMENT | SITE AREA | MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA) | SUCCESSFUL TENDERER | TENDERED PRICE ($PSM of GFA) |
|---|---|---|---|---|---|
| Lentor Gardens | Residential | 21,866.7 m² | 45,921 m² | GuocoLand (Singapore) Pte. Ltd. and Intrepid Investments Pte. Ltd. | $486,800,222 ($10,600.82) |