Award of tender for URA sale sites at Lentor Hills Road (Parcel B) and Lentor Central

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Award of tender for URA sale sites at Lentor Hills Road (Parcel B) and Lentor Central

Published: 19 September 2022

The Urban Redevelopment Authority (URA) has awarded the tenders for the sites at Lentor Hills Road (Parcel B) and Lentor Central to the highest tenderers, namely TID Residential Pte. Ltd. for the site at Lentor Hills Road (Parcel B); and Forsea Residence Pte. Ltd., Soilbuild Group Holdings Ltd. and UED Alpha Pte. Ltd. for the site at Lentor Central.

The sites at Lentor Hills Road (Parcel B) and Lentor Central were launched for tender on 17 May 2022. The tenders for these sites closed on 13 September 2022. The sites were offered for sale on 99-year lease terms.

Details of the awarded sites and the successful tenderers are provided below:

LOCATION	ALLOWABLE DEVELOPMENT	SITE AREA	MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA)	SUCCESSFUL TENDERER	TENDERED PRICE ($PSM of GFA)
Lentor Hills Road (Parcel B)	Residential	10,819.0 m²	22,720 m²	TID Residential Pte. Ltd.	$276,360,000 ($12,163.73)
Lentor Central	Residential	13,444.3 m²	40,333 m²	Forsea Residence Pte. Ltd., Soilbuild Group Holdings Ltd. and UED Alpha Pte. Ltd.	$481,028,300 ($11,926.42)