A government land sale (GLS) tender for a private housing site near Lentor MRT station drew a higher-than-expected top bid, with a GuocoLand-led consortium placing an offer of S$657.1 million — the highest land price per square foot per plot ratio (psf ppr) recorded in the Lentor Hills Estate to date.

The consortium, comprising GuocoLand, Intrepid Investments and TID Residential, secured the eighth 99-year leasehold site released by the state in the new Lentor Hills Estate over roughly five years, outbidding four other developers. The plot in Lentor Central, which can generate about 560 private homes, attracted five bids in total — in line with property analyst forecasts of between one and five.

The top bid, at S$1,278 psf ppr, eclipses the winning bids for all seven earlier sites sold in Lentor Hills Estate between 2021 and 2025, underscoring rising land values in the estate and continued developer appetite for well-located suburban sites.

Five bidders, tight competition at the top

The GuocoLand consortium's top bid was 5.7 per cent above the second-highest offer of S$1,208.49 psf ppr, submitted by a consortium comprising Frasers Property, Sekisui House and Metro Soilbuild Development.

Kingsford Group placed the third-highest bid at about S$1,130 psf ppr, followed by a unit of China Overseas Land & Investment at nearly S$1,052 psf ppr. Kheng Leong Company submitted the lowest bid of S$949.55 psf ppr.

The top bid is 6.1 per cent above the S$1,204.47 psf ppr achieved for the nearby Lentor Modern, which was awarded to GuocoLand in 2021.

GuocoLand's vision: three towers, reservoir views

If awarded the site, GuocoLand's consortium plans to develop a project with three residential towers housing up to 562 units, rising to 27 storeys. A GuocoLand spokesperson said most units would have unblocked views of the surrounding landed housing estate, Lower Seletar Reservoir or Lower Peirce Reservoir, given the height and openness of the site.

The site sits beside Lentor Modern — a 605-unit private residential development with a retail mall at its base — and is adjacent to Lentor MRT station on the Thomson-East Coast Line, offering future residents direct access to public transport and amenities.

"The site's location next to Lentor Modern mall and Lentor MRT station means greater connectivity and convenience for the residents in the future project," the developer spokesperson added.

Launch prices could reach S$2,250–S$2,400 psf

JT Chia, Managing Director of PropertyForSale, said the developer could look to launch the new project at an average price of S$2,250 to S$2,400 psf, based on the top bid price of S$1,278 psf ppr.

He pointed out that among the six residential projects already launched in the Lentor vicinity— totalling 2,954 units — only 44 units remain unsold. 

Hillock Green was recently transacted at $2,522 PSF for a high floor 2 bedrooms unit between 21st to 25th floor. 

Lentor Hills Residences will TOP at the end of this year 2026. 

The estate is also near well-regarded schools, including Presbyterian High School, Anderson Primary School and CHIJ St Nicholas Girls' School — a draw for families with school-going children.

Strong demand story underpins developer confidence

Analysts attributed the healthy bidding to the proven track record of the Lentor Hills precinct. 

A 502-unit project, Lentor Gardens Residences — on the seventh Lentor Hills site, which was secured by Kingsford at an April 2025 tender — is expected to be launched this year, adding to the pipeline of homes in the estate.