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The Urban Redevelopment Authority (URA) has awarded the tenders for the sites at Lentor Central and Champions Way to the highest tenderers, namely Intrepid Investments Pte. Ltd., GuocoLand (Singapore) Pte. Ltd. and CSC Land Group (Singapore) Pte. Ltd. for the site at Lentor Central; and CDL Stellar Pte. Ltd. for the site at Champions Way.
The sites at Lentor Central and Champions Way were launched for tender on 12 April 2023 and 25 May 2023 respectively. The tenders for these sites closed on 12 September 2023. The sites were offered for sale on 99-year lease terms.
Details of the awarded sites and the successful tenderers 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 Central | Residential | 14,703.2 m2 | 41,169 m2 | Intrepid Investments Pte. Ltd., GuocoLand (Singapore) Pte. Ltd. and CSC Land Group (Singapore) Pte. Ltd | $435,166,426 ($10,570.25) |
| Champions Way | 14,432.5 m2 | 30,309 m2 | CDL Stellar Pte. Ltd. | $294,889,000 ($9,729.42) |