The Lentor Gardens residential site for sale may see “moderate” interest, whilst the Lentor Central site may not be triggered soon according to analysts as recent state tender for sites in the area garnered fewer bids.
The URA released for sale the Lentor Gardens and Lentor Central under the second half Government Land Sales Programme. Lentor Gardens, under the confirmed list, and Lentor Central, under the reserve list can yield about 1,005 residential units in total.
OrangeTee & Tie CEO Steven Tan noted that the recent state tender for Lentor Central only garnered three bids for $1,105 psf per plot per ratio (ppr), and the Lentor Hills Road (PArcel B) only had two with the winning bid at $1,130 psf ppr, both drawing “fewer-than-expected” bids.