Lentor Hills Road (Parcel A)
AwardedResidential. URA sale site.
S$586,591,288
S$11,409.84 psm GFA, about S$1,060 psf ppr (derived). Awarded 26 January 2022 to Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited, GuocoLand (Singapore) Pte. Ltd., parent: GuocoLand Limited and TID Residential Pte. Ltd., parent: Hong Leong Holdings Limited / Mitsui Fudosan Co., Ltd. (joint venture)
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ psm of GFA) |
|---|---|---|---|---|---|
| Lentor Hills Road (Parcel A) | Residential | 17,136.9 m² | 51,411 m² | Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited, GuocoLand (Singapore) Pte. Ltd., parent: GuocoLand Limited and TID Residential Pte. Ltd., parent: Hong Leong Holdings Limited / Mitsui Fudosan Co., Ltd. (joint venture) | S$586,591,288(S$11,409.84) |
As listed at the close of 18 January 2022 (ura-pr22-04), with the outcome the award of 26 January 2022 gave each.
| Rank | Tenderer | Tendered price | S$ psm GFA | S$ psf ppr (derived) | Outcome |
|---|---|---|---|---|---|
| 1 | Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited, GuocoLand (Singapore) Pte. Ltd., parent: GuocoLand Limited and TID Residential Pte. Ltd., parent: Hong Leong Holdings Limited / Mitsui Fudosan Co., Ltd. (joint venture) | S$586,591,288 | S$11,409.84 | S$1,060 | Awarded |
| 2 | Sim Lian Land Pte Ltd, parent: Sim Lian Group Limited and Sim Lian Development Pte Ltd, parent: Sim Lian Group Limited | S$551,800,000 | S$10,733.11 | S$997 | Unsuccessful |
| 3 | United Venture Development (2022) Pte. Ltd., parent: UOL Group Limited / Singapore Land Group Limited / Kheng Leong Company (Private) Limited (joint venture) | S$508,300,000 | S$9,886.99 | S$919 | Unsuccessful |
| 4 | UED Alpha Pte. Ltd., parent: Yanlord Land Group Limited (through United Engineers Limited) and Soilbuild Group Holdings Ltd. | S$500,888,118 | S$9,742.82 | S$905 | Unsuccessful |
Press releases, latest first
Each card is one release on its own date, with its text folded beneath. The latest is first and open.
26 January 2022
AwardedAward of tender for URA sale sites at Jalan Tembusu and Lentor Hills Road (Parcel A)
Awarded to
Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited, GuocoLand (Singapore) Pte. Ltd., parent: GuocoLand Limited and TID Residential Pte. Ltd., parent: Hong Leong Holdings Limited / Mitsui Fudosan Co., Ltd. (joint venture), S$586,591,288 (S$11,409.84 psm GFA, about S$1,060 psf ppr).
Read the press releaseHide the press releaseura-pr22-07
The Urban Redevelopment Authority (URA) has awarded the tenders for the sites at Jalan Tembusu and Lentor Hills Road (Parcel A) to the highest tenderers, namely CDL Triton Pte. Ltd. for the site at Jalan Tembusu; and Intrepid Investments Pte. Ltd., GuocoLand (Singapore) Pte. Ltd. and TID Residential Pte. Ltd. for the site at Lentor Hills Road (Parcel A).
The sites at Jalan Tembusu and Lentor Hills Road (Parcel A) were launched for tender on 30 September 2021. The tenders for these sites closed on 18 January 2022. The sites were offered for sale on 99-year lease terms.
Details of the awarded sites and the successful tenderers are provided below:
Table caption
| LOCATION | ALLOWABLE DEVELOPMENT | SITE AREA | MAXIMUM PERMISSIBLE GROSS FLOOR AREA(GFA) | SUCCESSFUL TENDERER | TENDERED PRICE ($PSM of GFA) |
|---|---|---|---|---|---|
| Jalan Tembusu | Residential | 19,567.4 m2 | 54,789 m2 | CDL Triton Pte. Ltd. | $768,000,000 ($14,017.41) |
| Lentor Hills Road (Parcel A) | 17,136.9 m2 | 51,411 m2 | Intrepid Investments Pte. Ltd., GuocoLand (Singapore) Pte. Ltd. and TID Residential Pte. Ltd. | $586,591,288 ($11,409.84) |
18 January 2022
Tender closedTender closing for URA sale sites at Jalan Tembusu and Lentor Hills Road (Parcel A)
4 bids disclosed
Highest S$586,591,288 (S$11,409.84 psm GFA) from Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited, GuocoLand (Singapore) Pte. Ltd., parent: GuocoLand Limited and TID Residential Pte. Ltd., parent: Hong Leong Holdings Limited / Mitsui Fudosan Co., Ltd. (joint venture)
Read the press releaseHide the press releaseura-pr22-04
The Urban Redevelopment Authority (URA) closed the tender for the two sites at Jalan Tembusu and Lentor Hills Road (Parcel A) today.
The public tender for the two sites at Jalan Tembusu and Lentor Hills Road (Parcel A) was launched on 30 September 2021.
Please see Annex A and B for details of the sites and tender bids received.
This is not an announcement of tender award. A decision on the award of the tender will be made after the bids have been evaluated. This will be publicised at a later date.
30 September 2021
Launched for tenderURA sale sites at Lentor Hills Road (Parcels A & B) and Jalan Tembusu
Read the press releaseHide the press releaseura-pr21-37
The Urban Redevelopment Authority (URA) released three residential sites at Lentor Hills Road (Parcels A & B) and Jalan Tembusu for sale today under the second half 2021 (2H2021) Government Land Sales (GLS) Programme.
The residential sites at Lentor Hills Road (Parcel A) and Jalan Tembusu are launched for sale under the Confirmed List while Lentor Hills Road (Parcel B) is available for application under the Reserve List. Together, these three sites can yield about 1,500 residential units.
Details of the land parcels can be found in Annex 1 and the location plans are in Annex 2.
**Other Details
The tender for the land parcels at Lentor Hills Road (Parcel A) and Jalan Tembusu will close at 12 noon on 18 January 2022.
Site facts
- Selling authority
- URA
- Allowable development
- Residential
- Tenure
- 99 years
- Programme list
- Confirmed List, launched for tender[ura-pr21-37/pr21-37a.pdf]
- Site area
- 17,136.9 sqm[ura-pr21-37/pr21-37a.pdf]
- Maximum GFA
- 51,411 sqm[ura-pr21-37/pr21-37a.pdf]
- Estimated housing units
- 595[ura-pr21-37/pr21-37a.pdf]
- Height control
- Low-rise 8 storeys; mid-rise 16 storeys; high-rise 23 storeys; technical height 110m SHD[ura-pr21-37/pr21-37a.pdf]
- Facts as stated on
- 30 September 2021
The market when bids closed
When bids closed on 18 January 2022, URA's latest quarterly figures were for 3Q2021, published 22 October 2021, 88 days earlier. The 4Q2021 figures followed ten days after the close. The table carries on through four releases after it.
| Private residential | 1Q2021Apr 2021 | 2Q2021Jul 2021 | On the day3Q2021Oct 2021 | 4Q2021Jan 2022 | 1Q2022Apr 2022 | 2Q2022Jul 2022 | 3Q2022Oct 2022 | Trend | Change3Q2021 to 3Q2022 |
|---|---|---|---|---|---|---|---|---|---|
| Prices | |||||||||
| Private home price index | 162.2 | 163.5 | 165.3 | 173.6 | 174.8 | 180.9 | 187.8 | +13.6% | |
| Non-landed, core central region | 134.3 | 135.8 | 135.1 | 138.7 | 138.6 | 141.2 | 144.4 | +6.9% | |
| Private rental index | 106.2 | 109.3 | 111.3 | 114.2 | 119.0 | 127.0 | 137.9 | +23.9% | |
| Sales | |||||||||
| New homes sold by developers | 3,493 | 2,966 | 3,550 | 3,018 | 1,825 | 2,397 | 2,187 | −38.4% | |
| Resales | 4,519 | 5,333 | 5,362 | 4,748 | 3,377 | 4,236 | 3,719 | −30.6% | |
| Sub-sales | 88 | 150 | 171 | 159 | 141 | 178 | 242 | +41.5% | |
| Units launched | 3,716 | 2,356 | 2,149 | 2,275 | 613 | 1,956 | 1,455 | −32.3% | |
| Supply | |||||||||
| Unsold, uncompleted, with planning approval | 21,602 | 19,384 | 17,140 | 14,154 | 14,087 | 15,805 | 15,677 | −8.5% | |
| Pipeline with planning approval | 48,139 | 47,097 | 47,715 | 46,276 | 47,415 | 48,836 | 49,384 | +3.5% | |
| Vacancy rate | 6.4% | 6.3% | 6.4% | 6.0% | 5.3% | 5.4% | 5.7% | −0.7 pts | |
Each figure is the quarter's own value as URA printed it in that quarter's release, not as later revised. Select a figure to see the annex and page it comes from.
Held back: URA prints the number in more than one place and the table's labels do not settle which one it is, so the archive stores it but does not show it.
Sources
- Press releasePublished 30 September 2021
URA sale sites at Lentor Hills Road (Parcels A & B) and Jalan Tembusu
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 99775157ce5dc1657315e4b3613e509e5b7f9e9ad9ca23b3b7a78c456fa640ba
- Size
- 435,245 bytes
- Format
- text/html
- Retrieved at
- 2026-09-18 09:29:50 UTC
- Prevo reference
- ura-pr21-37
- AnnexPublished 30 September 2021
Annex 1 to URA sale sites at Lentor Hills Road (Parcels A & B) and Jalan Tembusu
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- d519cb9aa9ae35ec23e8f528c8ad7678f06709e48600ea575c894f379b433eb8
- Size
- 6,040 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-18 09:29:50 UTC
- Prevo reference
- ura-pr21-37/pr21-37a.pdf
- AnnexPublished 30 September 2021
Annex 2 to URA sale sites at Lentor Hills Road (Parcels A & B) and Jalan Tembusu
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- a2cd310bebf2742562adff7f5ec6afa31e9c92704dda441ab3f0cb8482481c15
- Size
- 101,614 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-18 09:29:50 UTC
- Prevo reference
- ura-pr21-37/pr21-37b.pdf
- Press releasePublished 18 January 2022
Tender closing for URA sale sites at Jalan Tembusu and Lentor Hills Road (Parcel A)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- a67244543d8de3759555b879ea9486b0ba976c36322bd8c1c788ff1ccf8afbab
- Size
- 424,456 bytes
- Format
- text/html
- Retrieved at
- 2026-09-18 12:12:37 UTC
- Prevo reference
- ura-pr22-04
- AnnexPublished 18 January 2022
Annex A to Tender closing for URA sale sites at Jalan Tembusu and Lentor Hills Road (Parcel A)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- e2e7349f185f23b41b9f9aee323f62f7e442fff3b0a521085572016764c96bc1
- Size
- 11,245 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-18 12:12:37 UTC
- Prevo reference
- ura-pr22-04/pr22-04a.pdf
- AnnexPublished 18 January 2022
Annex B to Tender closing for URA sale sites at Jalan Tembusu and Lentor Hills Road (Parcel A)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 16a218ffa244745f02f825ecdf7ad10b0812271317e9c557fe40a2b3669001e0
- Size
- 10,185 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-18 12:12:37 UTC
- Prevo reference
- ura-pr22-04/pr22-04b.pdf
- Press releasePublished 26 January 2022
Award of tender for URA sale sites at Jalan Tembusu and Lentor Hills Road (Parcel A)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 5dcbf039e774e7f53876c6a7429d3c8b2d6ed343a9474f4f6b17dedbc18fe6e5
- Size
- 459,458 bytes
- Format
- text/html
- Retrieved at
- 2026-09-18 12:12:37 UTC
- Prevo reference
- ura-pr22-07