Yanlord Land Group Limited and its subsidiary, United Engineers Limited have won a residential site tender at Lentor Central in Singapore.
A wholly-owned subsidiary of United Engineers Limited, UED Alpha Pte. Ltd., together with Forsea Residence Pte. Ltd., a wholly-owned subsidiary of Forsea Holdings Pte. Ltd. (“Forsea”), and Soilbuild Group Holdings Ltd. form the consortium for this winning bid of $481,028,300 or S$1,108 per square foot per plot ratio (psf ppr).
Located within the new Lentor Hills estate, the land size is approximately 144,714 square feet (equivalent to 13,444.3 square metres) with a maximum permissible gross floor area of about 434,140 square feet.
The property developer plan to build a residential condominium of about 470 units.
The maximum building height for the site is 112 metres SHD (Singapore height datum) or 23 storeys.
“We are pleased to continue building our residential development track records in Singapore following the successful 100% sale of Dairy Farm Residences. With this prime Site in the Lentor Hills neighbourhood, we intend to create a quality development leveraging on its attractive attributes including its close proximity to lush greenery, MRT and retail amenities”, said Mr Roy Tan, Group Managing Director, United Engineers Limited.
“We are delighted to partner with UEL and Forsea in this attractive residential development, following closely after the successful sale of all units in our latest project, Verticus. We are confident that we will continue to deliver value for homebuyers and investors through high standards of design and living concepts”, said Mr Lim Han Qin, Director, Soilbuild Group Holdings Ltd.
The schools near Lentor Hills sites include Presbyterian High School, Anderson Primary School, and CHIJ St Nicholas Girls’ School.
PropertyForSale senior analyst predicts the launch price of this project to be from S$1,900 PSF as evident from the selling price of Lentor Modern.