The Lentor Gardens site has drawn two bids, with the highest offer coming from Kingsford Huray Development Pte Ltd at $920 per square foot per plot ratio. This level of interest mirrors previous Government Land Sales (GLS) tenders in the Lentor area but contrasts sharply with the earlier Bayshore Road GLS tender, which saw more developer engagement.
According to Mark Yip, CEO of Huttons Asia, this difference is likely due to developers reserving resources for upcoming tenders at more desirable locations such as Chencharu Close, Hougang Central, and Telok Blangah Road.
Despite being the seventh parcel for sale in the Lentor precinct, the demand for private homes remains robust. As of 3 April 2025, only 135 out of 2,954 units were unsold, indicating a rapid pace of sales in recent Outside Central Region (OCR) project launches, particularly in Lentor. Yip highlighted that the site presents a relatively low risk for developers, given the high demand for attractively priced private homes.
The continued interest in the Lentor precinct underscores the area’s appeal to both developers and homebuyers. As developers eye future tenders in more sought-after locations, the Lentor Gardens site remains a viable investment with its strong sales performance and limited unsold inventory.
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