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Urban Redevelopment Authority (URA)
Press Releases

Award of tender for URA sale sites at Lentor Central and Champions Way

18 September 2023

This article has been migrated from an earlier version of the site and may display formatting inconsistencies.

The Urban Redevelopment Authority (URA) has awarded the tenders for the sites at Lentor Central and Champions Way to the highest tenderers, namely Intrepid Investments Pte. Ltd., GuocoLand (Singapore) Pte. Ltd. and CSC Land Group (Singapore) Pte. Ltd. for the site at Lentor Central; and CDL Stellar Pte. Ltd. for the site at Champions Way.   

The sites at Lentor Central and Champions Way were launched for tender on 12 April 2023 and 25 May 2023 respectively. The tenders for these sites closed on 12 September 2023. The sites were offered for sale on 99-year lease terms. 

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

Table caption

LOCATION

ALLOWABLE
DEVELOPMENT 

SITE AREA 

MAXIMUM
PERMISSIBLE
GROSS FLOOR
AREA (GFA) 

 SUCCESSFUL
TENDERER

TENDERED PRICE
($PSM of GFA) 

Lentor 
Central 

Residential

 14,703.2 m2

 41,169 m2

 Intrepid Investments Pte. Ltd., GuocoLand (Singapore) Pte. Ltd. and CSC Land Group (Singapore) Pte. Ltd

 $435,166,426
($10,570.25)

 Champions Way

  14,432.5 m2

 30,309 m2

 CDL Stellar Pte. Ltd.

$294,889,000
($9,729.42) 

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