Discover Your Ideal New Condo Escape at LENTOR HILLS Parcel A - Your Perfect Getaway from the City!
Exciting News: Bidding Results Released for Lentor Parcel A in the GLS Program!
This marks the second GLS Site managed by URA, following the initial Lentor Hills release.
For context, Lentor Hills boasts three sites within the Government Land Sales Program, indicating a promising trajectory for condo prices in the area. However, while upward trends are anticipated, any price increases are likely to occur gradually.
As illustrated in the map below, Lentor Hills is predominantly forested, signaling ample potential for new developments. Surrounded by landed properties, future condos in Lentor Hills are poised to offer captivating views of either lush nature areas or charming landed estates, promising an appealing vista for residents."
Exciting News: Bidding Results Released for Lentor Parcel A in the GLS Program!
This marks the second GLS Site managed by URA, following the initial Lentor Hills release.
For context, Lentor Hills boasts three sites within the Government Land Sales Program, indicating a promising trajectory for condo prices in the area. However, while upward trends are anticipated, any price increases are likely to occur gradually.
As illustrated in the map below, Lentor Hills is predominantly forested, signaling ample potential for new developments. Surrounded by landed properties, future condos in Lentor Hills are poised to offer captivating views of either lush nature areas or charming landed estates, promising an appealing vista for residents."
Map Insights: GuccoLand's Optimism on Lentor Site
GuccoLand's enthusiasm for the site is evident, having bid on two sites already. The proximity to the new Lentor MRT station on the TEL (Thomson East Coast Line) makes it a highly desirable location, promising convenient connectivity and accessibility for future residents.
Lentor Hills Road (Parcel A) Receives Top Bid of $586.6 Million, Equivalent to $1,060 psf ppr, Led by GuocoLand (Singapore), Intrepid Investments, and TID Residential Consortium
Lentor Hills Road (Parcel A) Receives Top Bid of $586.6 Million, Equivalent to $1,060 psf ppr, Led by GuocoLand (Singapore), Intrepid Investments, and TID Residential Consortiumç
Our gut feeling is that Guccoland will continue to bid for Lentor Hills Parcel B. Whether they will go in as a single player like they did for Lentor Hills Central or if they will do it as part of a consortium like they did for Lentor Hills Parcel A remains to be seen.
Key Takeaway
Our gut instinct suggests GuccoLand's persistence in bidding for Parcel B, aiming to assert dominance and influence pricing in the area. Drawing parallels with CapitaLand's strategy in Bishan, where they secured two sites under GLS, notably Sky Vue and Sky Habitat, thereby solidifying their position as the "King of Bishan Central."
Both sites commanded similar prices per square foot (psf) per plot ratio (ppr), yet Sky Vue offered significantly lower prices compared to Sky Habitat. Whether GuccoLand's approach for Lentor Hills mirrors that of CapitaLand for Bishan remains to be seen. However, with a significant stake of 66.66% in the land, GuccoLand is well-positioned to exert influence over property pricing in the area.
