The top bid of $657.1 million is 5.7% higher than the second bid put in by Frasers Property Phoenix, Sekisui House and Metro Soilbuild Development.
The site has maximum permissible gross floor area (GFA) of 514,278 sq ft and can yield about 560 residential units, according to the Urban Redevelopment Authority (URA).
GuocoLand says it plans to build a development with three residential towers at a height of around 27 storeys and up to 562 units. “Most of the units in the development will have unblocked views of the landed housing estate, Lower Seletar Reservoir or Lower Peirce Reservoir. The site is also next to Lentor Modern mall and the Lentor MRT station, which means greater connectivity and convenience for the residents.”
See also: Streetscapes: Modernising Lentor
If awarded the site, the project would mark the developer’s fifth venture in the Lentor precinct; it also has a stake in Lentor Modern, Lentor Hills Residences, Lentor Mansion and Lentor Central Residences.
The first plot awarded in the area — the 605-unit Lentor Modern — launched in September 2022 with 84% of its units sold over its launch weekend. The area’s latest debut — the 477-unit Lentor Central Residences — sold 93% of units over its March 2025 launch weekend. GuocoLand is involved in both developments.
The top bid of $1,278 psf ppr bid is 38.9% higher than the recent $920 psf ppr bid at the neighbouring Lentor Gardens site, which was awarded in April 2025 to Kingsford Huray Development following a tender called by the Urban Redevelopment Authority. Kingsford Huray Development, a subsidiary of the China-based Kingsford Group, is expected to launch some 500 units in 2Q2026 on the Lentor Gardens site.
The sharp uplift in land bid price “underscores developers’ sustained confidence in the precinct’s long term growth trajectory”, says Mohan Sandrasegeran, head of research and data analytics at Singapore Realtors Inc. (SRI).
Analysts expect higher launch price
Analysts said the record land bid for the area could translate into higher launch prices, particularly amid heightened geopolitical uncertainties.
Wong Shanting, director and head of research at Newmark Group, notes that inflationary pressures may re-emerge.
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“The heightened geopolitical uncertainty arising from the Middle East war will likely revive inflationary pressures. The recent rise in oil prices will likely translate into higher construction costs, as elevated energy and logistics expenses trickle through the supply chain, driving overall development costs higher,” she says.
“Coupled with higher land costs, we expect to see upward pressure on launch prices in the near future,” adds Wong.
Precinct taking shape
The Lentor Central site is located about 400m from Lentor MRT Station on the Thomson-East Coast Line. URA has envisioned the precinct as a sustainable and pedestrian-friendly neighbourhood amid lush greenery.
Once fully developed, the Lentor area is expected to yield more than 4,000 new homes, supported by neighbourhood retail and integrated amenities.
Absorption rate for the Lentor Central site will likely be sustained, as “the majority of recent projects in the Lentor precinct are either fully sold or approaching sell-out status”, adds Mohan.
Hillock Green (left), Lentor Central Residences (middle) and the Lentor Central site (right), which has yet to be awarded
Table and chart: URA
Photo: Albert Chua/The Edge Singapore
