Kingsford Group has emerged as the highest bidder for a prime private housing site at Lentor Gardens, submitting a bid of S$429.23 million, which translates to S$920 per square foot per plot ratio (psf ppr).

The only competing bid came from a consortium comprising Intrepid Investments, TID Residential, and CSC Land Group (Singapore), which placed a slightly lower bid of S$422.22 million (S$905 psf ppr).

Development Potential of Lentor Gardens Site

The 99-year leasehold plot, which spans 20,639.4 square metres (sq m), has the potential to yield around 500 private residential units. It offers a maximum gross floor area of 466,540 square feet (sq ft), with a mandatory 6,458 sq ft allocated for an early childhood development centre.

This site is the seventh land parcel released by the Urban Redevelopment Authority (URA) in the emerging Lentor Hills estate, a new residential enclave designed to be sustainable and pedestrian-friendly, surrounded by lush greenery.

Lentor’s Growing Appeal

The Lentor area has been gaining popularity among homebuyers due to its proximity to the Lentor MRT station on the Thomson-East Coast Line, as well as the increasing availability of residential, retail, and recreational options.

The estate is also well-positioned near reputable schools, including:

• Presbyterian High School

• Anderson Primary School

• CHIJ St Nicholas Girls’ School

Kingsford Group’s Vision for Lentor

A spokesperson for Kingsford Group expressed excitement about the opportunity to develop a 500-unit residential project in the up-and-coming Lentor neighbourhood.

“If awarded the site, this project would be our seventh residential development in Singapore,” the spokesperson stated, highlighting the group's growing presence in the local property market.

Lentor Land Sales: A Competitive Landscape

The Lentor Gardens site marks the seventh land parcel sold in the Lentor precinct. Out of the six sites transacted so far, five were acquired by Guocoland, Hong Leong Holdings, and TID, either individually or as part of a consortium.

What are some new launch projects at Lentor?

• Lentor Modern
• Lentor Hills Residence
• Lentor Mansion
• Lentor Central Residences 
• Lentoria
• Hillock Green

The latest tender from Kingsford Group reflects continued developer confidence in Lentor’s transformation into a vibrant residential hub, noted Mr Chia JT, Managing Director of Propertyforsale.com.sg.