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Award of tender for URA sale site at Lentor Gardens

  Published: 13 April 2023

The Urban Redevelopment Authority (URA) has awarded the tender for the site at Lentor Gardens to the sole tenderer, GuocoLand (Singapore) Pte. Ltd. and Intrepid Investments Pte. Ltd.  

The site at Lentor Gardens was launched for tender on 31 October 2022. The tender for the site closed on 4 April 2023. The site was offered for sale on a 99-year lease term. 

Details of the awarded site and the successful tenderer are provided below:

LOCATION

 ALLOWABLE
DEVELOPMENT 		 SITE AREA MAXIMUM
PERMISSIBLE
GROSS FLOOR
AREA (GFA) 		  SUCCESSFUL TENDERER TENDERED PRICE
($PSM of GFA) 
Lentor Gardens  Residential    21,866.7 m²  45,921 m²  GuocoLand (Singapore) Pte. Ltd. and Intrepid Investments Pte. Ltd. $486,800,222
($10,600.82) 

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