The Urban Redevelopment Authority has closed the land tender for a site at Lentor Central under the 2H 2025 Government Land Sales (GLS) programme. The site can yield approximately 560 units.

There were five bids received for this plot, which was above our expectations. The highest bid was from GuocoLand (Singapore) Pte. Ltd., Intrepid Investments Pte. Ltd. and TID Residential Pte. Ltd at a bid price of S$657,100,000 or around S$1,278 psf ppr. The highest bid price was also above our expectations, and is around 5.7 per cent higher than the next highest bid from Frasers Property Phoenix Pte. Ltd., Sekisui House, Ltd. and Metro Soilbuild Development Pte. Ltd. The highest land rate submitted in this tender is also the highest land rate out of all the other Lentor Hills land parcels previously sold.

Strong participation in this land tender exercise was not surprising. The site here boasts an excellent location, just adjacent to the recently completed Lentor Modern integrated development and Lentor MRT Station on the Thomson-East Coast Line. Future residents will have convenient access to amenities here. Anderson Primary School is within 1km radius of the site, while other popular primary schools are within 2km including the CHIJ St. Nicholas Girls’ School and Mayflower Primary School.

Homes in the Lentor Hills precinct have also remained popular with buyers, even with the ample supply introduced over the years, boosting overall confidence in the area. Moreover, as the last announced plot for sale in the area, some developers may have also wanted to acquire this land parcel. This is the eighth plot released here, and the seventh site at Lentor Gardens was awarded in April 2025 to Kingsford Huray Development Pte Ltd. at a land rate of S$920 psf ppr. The earlier six projects have already launched for sale, with the first project Lentor Modern already completed. As of January's URA monthly sales data, there are 43 unsold units across the five other launched projects (Hillock Green, Lentor Central Residences, Lentor Hills Residences, Lentor Mansion, and Lentoria), indicating that the market has been able to absorb the supply of new homes in the area thus far.

Additionally, Lentor Modern has already completed and has been transacting healthily on the secondary market. Prices at Lentor Modern have shown positive capital appreciation, having breached S$2,400 psf, showing the strong potential for prices to appreciate further. The healthy secondary transactions for Lentor Modern continue to highlight the popularity of the area.

We continue to anticipate steady demand for new private homes here. The gap in between the earlier Lentor Gardens parcel and this future development will also ensure sufficient time for the market to absorb the new supply of homes here.