Lentor Central (14,703.2 sqm parcel)
AwardedResidential. URA sale site, built as Lentor Central Residences.
S$435,166,426
S$10,570.25 psm GFA, about S$982 psf ppr (derived). Awarded 18 September 2023 to Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited, GuocoLand (Singapore) Pte. Ltd., parent: GuocoLand Limited and CSC Land Group (Singapore) Pte. Ltd.
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ psm of GFA) |
|---|---|---|---|---|---|
| Lentor Central (14,703.2 sqm parcel) | Residential | 14,703.2 m² | 41,169 m² | Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited, GuocoLand (Singapore) Pte. Ltd., parent: GuocoLand Limited and CSC Land Group (Singapore) Pte. Ltd. | S$435,166,426(S$10,570.25) |
As listed at the close of 12 September 2023 (ura-pr23-33), with the outcome the award of 18 September 2023 gave each.
| Rank | Tenderer | Tendered price | S$ 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 CSC Land Group (Singapore) Pte. Ltd. | S$435,166,426 | S$10,570.25 | S$982 | Awarded |
| 2 | Frasers Property Phoenix Pte. Ltd., parent: Frasers Property Limited | S$410,800,000 | S$9,978.38 | S$927 | 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.
18 September 2023
AwardedAward of tender for URA sale sites at Lentor Central and Champions Way
Awarded to
Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited, GuocoLand (Singapore) Pte. Ltd., parent: GuocoLand Limited and CSC Land Group (Singapore) Pte. Ltd., S$435,166,426 (S$10,570.25 psm GFA, about S$982 psf ppr).
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The Urban Redevelopment Authority (URA) has awarded the tenders for the sites at Lentor Central and Champions Way to the highest tenderers, namely Intrepid Investments Pte. Ltd., GuocoLand (Singapore) Pte. Ltd. and CSC Land Group (Singapore) Pte. Ltd. for the site at Lentor Central; and CDL Stellar Pte. Ltd. for the site at Champions Way.
The sites at Lentor Central and Champions Way were launched for tender on 12 April 2023 and 25 May 2023 respectively. The tenders for these sites closed on 12 September 2023. The sites were offered for sale on 99-year lease terms.
Details of the awarded sites and the successful tenderers are provided below:
Table caption
| LOCATION | ALLOWABLE DEVELOPMENT | SITE AREA | MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA) | SUCCESSFUL TENDERER | TENDERED PRICE ($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) |
12 September 2023
Tender closedTender closing for URA sale sites at Lentor Central and Champions Way
2 bids disclosed
Highest S$435,166,426 (S$10,570.25 psm GFA) from Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited, GuocoLand (Singapore) Pte. Ltd., parent: GuocoLand Limited and CSC Land Group (Singapore) Pte. Ltd.
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The Urban Redevelopment Authority (URA) closed the tender for the two sites at Lentor Central and Champions Way today.
The public tender for the two sites at Lentor Central and Champions Way were launched on 12 April 2023 and 25 May 2023 respectively.
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.
12 April 2023
Launched for tender, Confirmed ListURA releases sale sites at Lentor Central and Lentor Gardens
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The sites are part of the increased housing supply under the 1H2023 Government Land Sales Programme to cater to demand, with more in a variety of locations to be launched in the coming months.
The Urban Redevelopment Authority (URA) has released two residential sites at Lentor Central and Lentor Gardens for sale today under the first half 2023 (1H2023) Government Land Sales (GLS) Programme.
The residential site at Lentor Central is launched for sale under the Confirmed List and will yield about 475 residential units. This forms part of the 4,090 residential units1 to be made available via the Confirmed List of the 1H2023 GLS programme, which represents a 17% increase from the 3,505 units made available in 2H2022. The residential site at Lentor Gardens is available for application under the Reserve List and can potentially yield an additional 500 residential units. More sites in different locations across the island will be launched for sale in the coming months.
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 site will close at 12 noon on 12 September 2023.
1 The total supply of 4,090 residential units will bring the total pipeline supply of private housing (including ECs) to about 61,000 units, comprising 51,700 units with planning approval and 9,300 units from GLS sites and awarded en-bloc sites that have not been granted planning approval yet.
31 October 2022
Released on the Reserve ListURA releases sale sites at Lentor Gardens and Lentor Central
Read the press releaseHide the press releaseura-pr22-39
The Urban Redevelopment Authority (URA) has released two residential sites at Lentor Gardens and Lentor Central for sale today under the second half 2022 (2H2022) Government Land Sales (GLS) Programme.
The residential site at Lentor Gardens is launched for sale under the Confirmed List while the residential site at Lentor Central is available for application under the Reserve List. Together, these two sites can yield about 1,005 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 Gardens site will close at 12 noon on 4 April 2023.
Site facts
- Selling authority
- URA
- Allowable development
- Residential
- Tenure
- 99 years
- Programme list
- Confirmed List, launched for tender[ura-pr23-09/pr23-09a.pdf]
- Site area
- 14,703.2 sqm[ura-pr23-09/pr23-09a.pdf]
- Maximum GFA
- 41,169 sqm[ura-pr23-09/pr23-09a.pdf]
- Estimated housing units
- 475[ura-pr23-09/pr23-09a.pdf]
- Height control
- Low-rise 5 storeys; high-rise up to 120m SHD; technical height 120m SHD[ura-pr23-09/pr23-09a.pdf]
- Facts as stated on
- 12 April 20232 versions on record: 31 October 2022, 12 April 2023. Each is kept; the one in force on the reading date is shown.
The market when bids closed
When bids closed on 12 September 2023, URA's latest quarterly figures were for 2Q2023, published 28 July 2023, 46 days earlier. The next release, 3Q2023, came on 27 October 2023. The table carries on through four releases after it.
| Private residential | 4Q2022Jan 2023 | 1Q2023Apr 2023 | On the day2Q2023Jul 2023 | 3Q2023Oct 2023 | 4Q2023Jan 2024 | 1Q2024Apr 2024 | 2Q2024Jul 2024 | Trend | Change2Q2023 to 2Q2024 |
|---|---|---|---|---|---|---|---|---|---|
| Prices | |||||||||
| Private home price index | 188.6 | 194.8 | 194.4 | 196.0 | 201.5 | 204.3 | 206.1 | +6.0% | |
| Non-landed, core central region | 145.4 | 146.6 | 146.5 | 142.5 | 148.1 | 153.1 | 152.6 | +4.2% | |
| Private rental index | 148.1 | 158.8 | 163.2 | 164.5 | 161.0 | 157.9 | 156.6 | −4.0% | |
| Sales | |||||||||
| New homes sold by developers | 690 | 1,256 | 2,127 | 1,946 | 1,092 | 1,164 | 725 | −65.9% | |
| Resales | 2,694 | 2,622 | 2,976 | 2,900 | 2,831 | 2,689 | 3,802 | +27.8% | |
| Sub-sales | 204 | 243 | 285 | 355 | 411 | 377 | 388 | +36.1% | |
| Units launched | 504 | 1,312 | 2,374 | 2,805 | 1,060 | 1,304 | 634 | −73.3% | |
| Supply | |||||||||
| Unsold, uncompleted, with planning approval | 16,024 | 16,252 | 17,484 | 16,747 | 16,929 | 19,936 | n/a | ||
| Pipeline with planning approval | 46,041 | 44,846 | 44,157 | 36,949 | 34,251 | 38,167 | 37,768 | −14.5% | |
| Vacancy rate | 5.5% | 6.0% | 6.3% | 8.4% | 8.1% | 6.8% | 6.1% | −0.2 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 31 October 2022
URA releases sale sites at Lentor Gardens and Lentor Central
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 1c64fd2962dbc5558e16a26c7db471d019f9ac619c6b98bec4485aec600b318b
- Size
- 433,234 bytes
- Format
- text/html
- Retrieved at
- 2026-09-18 12:12:40 UTC
- Prevo reference
- ura-pr22-39
- AnnexPublished 31 October 2022
Annex 1 to URA releases sale sites at Lentor Gardens and Lentor Central
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- b76ae2813ea894a06e46a1572868b5ccd7a89489fbd7900f2540d7aca29ff04d
- Size
- 14,599 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-18 12:12:40 UTC
- Prevo reference
- ura-pr22-39/pr22-39a.pdf
- AnnexPublished 31 October 2022
Annex 2 to URA releases sale sites at Lentor Gardens and Lentor Central
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 8eb3fb190292c084920d79f97f056a32ec8850e9ae578906b3f940d8751166e1
- Size
- 209,034 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-18 12:12:40 UTC
- Prevo reference
- ura-pr22-39/pr22-39b.pdf
- Press releasePublished 12 April 2023
URA releases sale sites at Lentor Central and Lentor Gardens
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 456bc2bdeb41c00d3244db68a1857989009444343a2d6111de6c92131fdae770
- Size
- 439,453 bytes
- Format
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- Retrieved at
- 2026-09-18 14:52:10 UTC
- Prevo reference
- ura-pr23-09
- AnnexPublished 12 April 2023
Annex 1 to URA releases sale sites at Lentor Central and Lentor Gardens
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 941472396d87eae0801646c0c8ca234375f67a9e29e57a33a237caa0dde59ddb
- Size
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- Format
- application/pdf
- Retrieved at
- 2026-09-18 14:52:10 UTC
- Prevo reference
- ura-pr23-09/pr23-09a.pdf
- AnnexPublished 12 April 2023
Annex 2 to URA releases sale sites at Lentor Central and Lentor Gardens
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- cd9c4ab25c2d6753769a3d54bcb9b0f51448a9add49f0d199b6a9aebd5ef74ef
- Size
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- application/pdf
- Retrieved at
- 2026-09-18 14:52:10 UTC
- Prevo reference
- ura-pr23-09/pr23-09b.pdf
- Press releasePublished 12 September 2023
Tender closing for URA sale sites at Lentor Central and Champions Way
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- e34bb54b455ad231f96ccf392b54c0eab63f9581c056da6983d18b958bdc4eea
- Size
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- 2026-09-18 14:52:12 UTC
- Prevo reference
- ura-pr23-33
- AnnexPublished 12 September 2023
Annex A to Tender closing for URA sale sites at Lentor Central and Champions Way
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 4cc4464b63c15cd438667013ad58cf5306b57d211ae67048a8a29821dd8817d5
- Size
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- 2026-09-18 14:52:12 UTC
- Prevo reference
- ura-pr23-33/pr23-33a.pdf
- AnnexPublished 12 September 2023
Annex B to Tender closing for URA sale sites at Lentor Central and Champions Way
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
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- 2026-09-18 14:52:12 UTC
- Prevo reference
- ura-pr23-33/pr23-33b.pdf
- Press releasePublished 18 September 2023
Award of tender for URA sale sites at Lentor Central and Champions Way
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
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- Size
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- Retrieved at
- 2026-09-18 14:52:12 UTC
- Prevo reference
- ura-pr23-34