GuocoLand consortium emerges front-runner in Lentor Central land tender

GuocoLand consortium bids $657.1m on land tender.

The Urban Redevelopment Authority (URA) closed the tender for the residential site at Lentor Central—99-year leasehold site has an area of 15,925.8 square metres and a maximum permissible gross floor area (GFA) of 47,778 sqm—on 3 March 2026.

A consortium comprising GuocoLand (Singapore) Pte. Ltd., Intrepid Investments Pte. Ltd., and TID Residential Pte. Ltd. submitted the highest bid of $657.1m, translating to $13,753.19 per sqm of GFA.

URA received five bids for the land parcel. A consortium of Frasers Property Phoenix Pte. Ltd., Sekisui House, Ltd., and Metro Soilbuild Development Pte. Ltd. submitted the second-highest bid of $621.5m.

Other bidders were Kingsford Huray Development Pte Ltd, COLI (Singapore) Pte. Ltd., and Peak Valley Private Limited.

The public tender for the site opened on 8 December 2025. The closing of the tender does not constitute an award. URA will evaluate the bids and announce its decision at a later date.

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