The Lentor Gardens site attracted 2 bidders and a top bid of $920 psf ppr from Kingsford Huray Development Pte Ltd.
The number of bids is similar to previous GLS tenders in Lentor but is in stark contrast to the level of interest from developers in the earlier Bayshore Road GLS tender. This is likely down to the fact that there are more plum sites like Chencharu Close, Hougang Central and Telok Blangah Road and developers are keeping dry powder to participate in these tenders.
While this is the seventh parcel for sale in the Lentor precinct, only an estimated 135 units out of 2,954 units remained unsold as of 3 Apr 2025. Going by the fast pace of sales in recent OCR project launches especially in Lentor, demand for attractively priced private homes remained high. This site presents a relatively low level of risk to developers.
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