GuocoLand-led JV clinches $486.8m Lentor Gardens site

The site spans 235,371 sq ft.

The joint venture of GuocoLand Limited and Intrepid Investments won the tender for the Lentor Gardens land parcel for $486.8m.

The tender for the 99-year leasehold site opened on 31 October and closed on 4 April.

According to GuocoLand, the 235,371 sq ft site will yield a maximum permissible gross floor area of 494,289 sq ft.

The real estate company said it plans to develop the site with Hong Leong Holdings, the parent company of Intrepid Investments.

The Lentor Gardens site marks GuocoLand’s third project in the Lentor Hills estate.

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