The Urban Redevelopment Authority has concluded the land tender for a site at Lentor Central, part of the second half of 2025 Government Land Sales programme. The site, which can accommodate approximately 560 units, attracted five bids, exceeding expectations. The highest bid, submitted by GuocoLand (Singapore) Pte. Ltd., Intrepid Investments Pte. Ltd., and TID Residential Pte. Ltd., was S$657.1, or abomut S$1,278 per square foot per plot ratio (psf ppr), surpassing the next highest bid by 5.7%.
The strong interest in the Lentor Central site is attributed to its prime location adjacent to the Lentor Modern integrated development and Lentor MRT Station. Future residents will benefit from nearby amenities and educational institutions, including Anderson Primary School within a 1km radius and CHIJ St. Nicholas Girls’ School within 2km.
Despite the ample supply of homes in the Lentor Hills precinct, demand remains robust. The area has seen seven previous land releases, with the latest, Lentor Gardens, awarded in April 2025 at S$920 psf ppr. Lentor Modern, the first project in the area, has completed and is performing well in the secondary market, with prices exceeding S$2,400 psf.
Justin Quek, Deputy Group CEO of Realion (OrangeTee & ETC) Group, noted, “The healthy secondary transactions for Lentor Modern continue to highlight the popularity of the area.” The steady demand for private homes in Lentor Hills is expected to continue, with sufficient time for the market to absorb new supply.
