Lentor Gardens
AwardedResidential. URA sale site, built as Lentor Mansion.
S$486,800,222
S$10,600.82 psm GFA, about S$985 psf ppr (derived). Awarded 13 April 2023 to GuocoLand (Singapore) Pte. Ltd., parent: GuocoLand Limited and Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ psm of GFA) |
|---|---|---|---|---|---|
| Lentor Gardens | Residential | 21,866.7 m² | 45,921 m² | GuocoLand (Singapore) Pte. Ltd., parent: GuocoLand Limited and Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited | S$486,800,222(S$10,600.82) |
As listed at the close of 4 April 2023 (ura-pr23-08), with the outcome the award of 13 April 2023 gave each.
| Rank | Tenderer | Tendered price | S$ psm GFA | S$ psf ppr (derived) | Outcome |
|---|---|---|---|---|---|
| 1 | GuocoLand (Singapore) Pte. Ltd., parent: GuocoLand Limited and Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited | S$486,800,222 | S$10,600.82 | S$985 | Awarded |
Press releases, latest first
Each card is one release on its own date, with its text folded beneath. The latest is first and open.
13 April 2023
AwardedAward of tender for URA sale site at Lentor Gardens
Awarded to
GuocoLand (Singapore) Pte. Ltd., parent: GuocoLand Limited and Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited, S$486,800,222 (S$10,600.82 psm GFA, about S$985 psf ppr).
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The Urban Redevelopment Authority (URA) has awarded the tender for the site at Lentor Gardens to the sole tenderer, GuocoLand (Singapore) Pte. Ltd. and Intrepid Investments Pte. Ltd.
The site at Lentor Gardens was launched for tender on 31 October 2022. The tender for the site closed on 4 April 2023. The site was offered for sale on a 99-year lease term.
Details of the awarded site and the successful tenderer are provided below:
Table caption
| LOCATION | ALLOWABLE DEVELOPMENT | SITE AREA | MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA) | SUCCESSFUL TENDERER | TENDERED PRICE ($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) |
4 April 2023
Tender closedTender closing for residential site at Lentor Gardens
1 bid disclosed
Highest S$486,800,222 (S$10,600.82 psm GFA) from GuocoLand (Singapore) Pte. Ltd., parent: GuocoLand Limited and Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited
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The Urban Redevelopment Authority (URA) closed the tender for the residential site at Lentor Gardens today.
The site at Lentor Gardens was launched for public tender on 31 October 2022. The site was offered for sale on a 99-year lease.
Please see Annex A for details of the site 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.
31 October 2022
Launched for tender, Confirmed 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.
17 May 2022
Released on the Reserve 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-pr22-39/pr22-39a.pdf]
- Site area
- 21,866.7 sqm[ura-pr22-39/pr22-39a.pdf]
- Maximum GFA
- 45,921 sqm[ura-pr22-39/pr22-39a.pdf]
- Estimated housing units
- 530[ura-pr22-39/pr22-39a.pdf]
- Height control
- Low-rise 8 storeys; mid-rise 16 storeys; technical height 120m SHD[ura-pr22-39/pr22-39a.pdf]
- Facts as stated on
- 31 October 20222 versions on record: 17 May 2022, 31 October 2022. Each is kept; the one in force on the reading date is shown.
The market when bids closed
When bids closed on 4 April 2023, URA's latest quarterly figures were for 4Q2022, published 27 January 2023, 67 days earlier. The next release, 1Q2023, came on 28 April 2023. The table carries on through four releases after it.
| Private residential | 2Q2022Jul 2022 | 3Q2022Oct 2022 | On the day4Q2022Jan 2023 | 1Q2023Apr 2023 | 2Q2023Jul 2023 | 3Q2023Oct 2023 | 4Q2023Jan 2024 | Trend | Change4Q2022 to 4Q2023 |
|---|---|---|---|---|---|---|---|---|---|
| Prices | |||||||||
| Private home price index | 180.9 | 187.8 | 188.6 | 194.8 | 194.4 | 196.0 | 201.5 | +6.8% | |
| Non-landed, core central region | 141.2 | 144.4 | 145.4 | 146.6 | 146.5 | 142.5 | 148.1 | +1.9% | |
| Private rental index | 127.0 | 137.9 | 148.1 | 158.8 | 163.2 | 164.5 | 161.0 | +8.7% | |
| Sales | |||||||||
| New homes sold by developers | 2,397 | 2,187 | 690 | 1,256 | 2,127 | 1,946 | 1,092 | +58.3% | |
| Resales | 4,236 | 3,719 | 2,694 | 2,622 | 2,976 | 2,900 | 2,831 | +5.1% | |
| Sub-sales | 178 | 242 | 204 | 243 | 285 | 355 | 411 | +101.5% | |
| Units launched | 1,956 | 1,455 | 504 | 1,312 | 2,374 | 2,805 | 1,060 | +110.3% | |
| Supply | |||||||||
| Unsold, uncompleted, with planning approval | 15,805 | 15,677 | 16,024 | 16,252 | 17,484 | 16,747 | 16,929 | +5.6% | |
| Pipeline with planning approval | 48,836 | 49,384 | 46,041 | 44,846 | 44,157 | 36,949 | 34,251 | −25.6% | |
| Vacancy rate | 5.4% | 5.7% | 5.5% | 6.0% | 6.3% | 8.4% | 8.1% | +2.6 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
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- 11d41c763e97823bed615de73849c0a9ce3bd02bc069fd3891e109444166cb0f
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- Format
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- 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
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- 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
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- 2026-09-18 12:12:38 UTC
- Prevo reference
- ura-pr22-22/pr22-22b.pdf
- 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
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- 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
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- 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
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- 2026-09-18 12:12:40 UTC
- Prevo reference
- ura-pr22-39/pr22-39b.pdf
- Press releasePublished 4 April 2023
Tender closing for residential site at Lentor Gardens
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 14:52:10 UTC
- Prevo reference
- ura-pr23-08
- AnnexPublished 4 April 2023
Annex A to Tender closing for residential site at Lentor Gardens
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
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- 2026-09-18 14:52:10 UTC
- Prevo reference
- ura-pr23-08/pr23-08a.pdf
- Press releasePublished 13 April 2023
Award of tender for URA sale site at Lentor Gardens
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
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- Size
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- Prevo reference
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