Lentor Central (13,444.3 sqm parcel)
AwardedResidential. URA sale site, built as Hillock Green.
S$481,028,300
S$11,926.42 psm GFA, about S$1,108 psf ppr (derived). Awarded 19 September 2022 to Forsea Residence Pte. Ltd., parent: Soilbuild Group Holdings Ltd / Yanlord Land Group Limited / United Engineers Limited interests (exact shareholding requires registry confirmation), Soilbuild Group Holdings Ltd. and UED Alpha Pte. Ltd., parent: Yanlord Land Group Limited (through United Engineers Limited)
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ psm of GFA) |
|---|---|---|---|---|---|
| Lentor Central (13,444.3 sqm parcel) | Residential | 13,444.3 m² | 40,333 m² | Forsea Residence Pte. Ltd., parent: Soilbuild Group Holdings Ltd / Yanlord Land Group Limited / United Engineers Limited interests (exact shareholding requires registry confirmation), Soilbuild Group Holdings Ltd. and UED Alpha Pte. Ltd., parent: Yanlord Land Group Limited (through United Engineers Limited) | S$481,028,300(S$11,926.42) |
As listed at the close of 13 September 2022 (ura-pr22-32), with the outcome the award of 19 September 2022 gave each.
| Rank | Tenderer | Tendered price | S$ psm GFA | S$ psf ppr (derived) | Outcome |
|---|---|---|---|---|---|
| 1 | Forsea Residence Pte. Ltd., parent: Soilbuild Group Holdings Ltd / Yanlord Land Group Limited / United Engineers Limited interests (exact shareholding requires registry confirmation), Soilbuild Group Holdings Ltd. and UED Alpha Pte. Ltd., parent: Yanlord Land Group Limited (through United Engineers Limited) | S$481,028,300 | S$11,926.42 | S$1,108 | Awarded |
| 2 | Tanglin Land Pte. Ltd. | S$463,999,999 | S$11,504.23 | S$1,069 | Unsuccessful |
| 3 | GuocoLand (Singapore) Pte. Ltd., parent: GuocoLand Limited and Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited | S$450,607,760 | S$11,172.19 | S$1,038 | 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.
19 September 2022
AwardedAward of tender for URA sale sites at Lentor Hills Road (Parcel B) and Lentor Central
Awarded to
Forsea Residence Pte. Ltd., parent: Soilbuild Group Holdings Ltd / Yanlord Land Group Limited / United Engineers Limited interests (exact shareholding requires registry confirmation), Soilbuild Group Holdings Ltd. and UED Alpha Pte. Ltd., parent: Yanlord Land Group Limited (through United Engineers Limited), S$481,028,300 (S$11,926.42 psm GFA, about S$1,108 psf ppr).
Read the press releaseHide the press releaseura-pr22-34
This article has been migrated from an earlier version of the site and may display formatting inconsistencies.
The Urban Redevelopment Authority (URA) has awarded the tenders for the sites at Lentor Hills Road (Parcel B) and Lentor Central to the highest tenderers, namely TID Residential Pte. Ltd. for the site at Lentor Hills Road (Parcel B); and Forsea Residence Pte. Ltd., Soilbuild Group Holdings Ltd. and UED Alpha Pte. Ltd. for the site at Lentor Central.
The sites at Lentor Hills Road (Parcel B) and Lentor Central were launched for tender on 17 May 2022. The tenders for these sites closed on 13 September 2022. The sites were offered for sale on 99-year lease terms.
Details of the awarded sites and the successful tenderers are provided below:
Table caption
| LOCATION | ALLOWABLE DEVELOPMENT | SITE AREA | MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA) | SUCCESSFUL TENDERER | TENDERED PRICE ($PSM of GFA) |
|---|---|---|---|---|---|
| Lentor Hills Road (Parcel B) | Residential | 10,819.0 m2 | 22,720 m2 | TID Residential Pte. Ltd. | $276,360,000 ($12,163.73) |
| Lentor Central | 13,444.3 m2 | 40,333 m2 | Forsea Residence Pte. Ltd., Soilbuild Group Holdings Ltd. and UED Alpha Pte. Ltd. | $481,028,300 ($11,926.42) |
13 September 2022
Tender closedTender closing for URA sale sites at Lentor Hills Road (Parcel B) and Lentor Central
3 bids disclosed
Highest S$481,028,300 (S$11,926.42 psm GFA) from Forsea Residence Pte. Ltd., parent: Soilbuild Group Holdings Ltd / Yanlord Land Group Limited / United Engineers Limited interests (exact shareholding requires registry confirmation), Soilbuild Group Holdings Ltd. and UED Alpha Pte. Ltd., parent: Yanlord Land Group Limited (through United Engineers Limited)
Read the press releaseHide the press releaseura-pr22-32
This article has been migrated from an earlier version of the site and may display formatting inconsistencies.
The Urban Redevelopment Authority (URA) closed the tender for the two sites at Lentor Hills Road (Parcel B) and Lentor Central today.
The public tender for the two sites at Lentor Hills Road (Parcel B) and Lentor Central were launched on 17 May 2022.
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.
17 May 2022
Launched for tender, Confirmed ListURA releases sale sites at Lentor Central, Lentor Gardens and Lentor Hills Road (Parcel B)
Read the press releaseHide the press releaseura-pr22-22
The Urban Redevelopment Authority (URA) has released three residential sites at Lentor Central, Lentor Gardens and Lentor Hills Road (Parcel B) for sale today under the first half 2022 (1H2022) Government Land Sales (GLS) Programme.
The residential sites at Lentor Central and Lentor Hills Road (Parcel B) are launched for sale by public tender under the Confirmed List while the residential site at Lentor Gardens is available for application under the Reserve List. Together, these three sites can yield about 1,265 residential units.
Details of the land parcels can be found in Annex 1 and the location plan is in Annex 2.
**Other Details
The tender for the Lentor Central and Lentor Hills Road (Parcel B) sites will close at 12 noon on 13 September 2022. The tender closing for these two sites will be batched with the tender closing for the HDB Executive Condominium site at Bukit Batok West Avenue 5, which will be launched for sale in June 2022 under the Confirmed List of the 1H2022 GLS Programme.
Site facts
- Selling authority
- URA
- Allowable development
- Residential
- Tenure
- 99 years
- Programme list
- Confirmed List, launched for tender[ura-pr22-22/pr22-22a.pdf]
- Site area
- 13,444.3 sqm[ura-pr22-22/pr22-22a.pdf]
- Maximum GFA
- 40,333 sqm[ura-pr22-22/pr22-22a.pdf]
- Estimated housing units
- 470[ura-pr22-22/pr22-22a.pdf]
- Height control
- Maximum 23 storeys; technical height 112m SHD[ura-pr22-22/pr22-22a.pdf]
- Facts as stated on
- 17 May 2022
The market when bids closed
When bids closed on 13 September 2022, URA's latest quarterly figures were for 2Q2022, published 22 July 2022, 53 days earlier. The next release, 3Q2022, came on 28 October 2022. The table carries on through four releases after it.
| Private residential | 4Q2021Jan 2022 | 1Q2022Apr 2022 | On the day2Q2022Jul 2022 | 3Q2022Oct 2022 | 4Q2022Jan 2023 | 1Q2023Apr 2023 | 2Q2023Jul 2023 | Trend | Change2Q2022 to 2Q2023 |
|---|---|---|---|---|---|---|---|---|---|
| Prices | |||||||||
| Private home price index | 173.6 | 174.8 | 180.9 | 187.8 | 188.6 | 194.8 | 194.4 | +7.5% | |
| Non-landed, core central region | 138.7 | 138.6 | 141.2 | 144.4 | 145.4 | 146.6 | 146.5 | +3.8% | |
| Private rental index | 114.2 | 119.0 | 127.0 | 137.9 | 148.1 | 158.8 | 163.2 | +28.5% | |
| Sales | |||||||||
| New homes sold by developers | 3,018 | 1,825 | 2,397 | 2,187 | 690 | 1,256 | 2,127 | −11.3% | |
| Resales | 4,748 | 3,377 | 4,236 | 3,719 | 2,694 | 2,622 | 2,976 | −29.7% | |
| Sub-sales | 159 | 141 | 178 | 242 | 204 | 243 | 285 | +60.1% | |
| Units launched | 2,275 | 613 | 1,956 | 1,455 | 504 | 1,312 | 2,374 | +21.4% | |
| Supply | |||||||||
| Unsold, uncompleted, with planning approval | 14,154 | 14,087 | 15,805 | 15,677 | 16,024 | 16,252 | 17,484 | +10.6% | |
| Pipeline with planning approval | 46,276 | 47,415 | 48,836 | 49,384 | 46,041 | 44,846 | 44,157 | −9.6% | |
| Vacancy rate | 6.0% | 5.3% | 5.4% | 5.7% | 5.5% | 6.0% | 6.3% | +0.9 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 17 May 2022
URA releases sale sites at Lentor Central, Lentor Gardens and Lentor Hills Road (Parcel B)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 11d41c763e97823bed615de73849c0a9ce3bd02bc069fd3891e109444166cb0f
- Size
- 436,318 bytes
- Format
- text/html
- Retrieved at
- 2026-09-18 12:12:38 UTC
- Prevo reference
- ura-pr22-22
- AnnexPublished 17 May 2022
Annex 1 to URA releases sale sites at Lentor Central, Lentor Gardens and Lentor Hills Road (Parcel B)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- d39dee46f67dff1464cbf26a802a1da9bb0a166ae174b5414ffd1bfa5ab7ff40
- Size
- 6,536 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-18 12:12:38 UTC
- Prevo reference
- ura-pr22-22/pr22-22a.pdf
- AnnexPublished 17 May 2022
Annex 2 to URA releases sale sites at Lentor Central, Lentor Gardens and Lentor Hills Road (Parcel B)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 067dda647c15a9e1d7ddbd7fe6cb37947c1063e4e0001d5c30fed60fa1c3faab
- Size
- 205,643 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-18 12:12:38 UTC
- Prevo reference
- ura-pr22-22/pr22-22b.pdf
- Press releasePublished 13 September 2022
Tender closing for URA sale sites at Lentor Hills Road (Parcel B) and Lentor Central
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- e6e0b327d3ba07ab71244e23b165bd740dc7410b6cdb3ac183608c95492c16f2
- Size
- 425,901 bytes
- Format
- text/html
- Retrieved at
- 2026-09-18 12:12:39 UTC
- Prevo reference
- ura-pr22-32
- AnnexPublished 13 September 2022
Annex A to Tender closing for URA sale sites at Lentor Hills Road (Parcel B) and Lentor Central
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 476445ef22e214f0a61b33f10006aacc99ee86ac2cc91cbd5d000db00c59ff23
- Size
- 5,973 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-18 12:12:39 UTC
- Prevo reference
- ura-pr22-32/pr22-32a.pdf
- AnnexPublished 13 September 2022
Annex B to Tender closing for URA sale sites at Lentor Hills Road (Parcel B) and Lentor Central
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 202d176d6bc033b1dea7615b06c68e1542f0358ce478b2c23db61e6beb4dd432
- Size
- 6,214 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-18 12:12:39 UTC
- Prevo reference
- ura-pr22-32/pr22-32b.pdf
- Press releasePublished 19 September 2022
Award of tender for URA sale sites at Lentor Hills Road (Parcel B) and Lentor Central
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 5fbe18125d9f40d27b95974ced0e03669cbe5ca616b038c2c6d358673d70a436
- Size
- 458,793 bytes
- Format
- text/html
- Retrieved at
- 2026-09-18 12:12:39 UTC
- Prevo reference
- ura-pr22-34