The Lentor Hills Road Parcel A land plot was sold in January 2022, to a tie-up between Intrepid Investments, GuocoLand and TID Residential at the highest bid price of S$586.6 million.
This land acquisition also represents the second land plot that Guocoland has purchased within the up and coming Lentor Residential area, right after the first Lentor Central land plot project that has been named Lentor Modern.
Located just minutes walk to Lentor MRT Station, this project is set to launch to high anticipation.
Meanwhile, the tender for Lentor Hills Road Parcel A was awarded to a tie-up between Intrepid Investments, GuocoLand and TID Residential at the highest bid price of S$586.6 million.
This translates to S$1,060 psf ppr based on the 184,460 sq ft plot's GFA of 553,383 sq ft, which can yield about 595 private homes. The winning bid price was 6.3 per cent higher than its second-highest bid from a partnership between Sim Lian Land and Sim Lian Development.
Allowable Development : Residential
Site Area : 17,136.9 sqm
Maximum Permissible GFA : 51,411 sqm
Date of Launch : 30 Sep 2021
Date Tender Closed : 18 Jan 2022
Lease Period : 99 Years
| RANKING | NAME OF TENDERER | TENDERED SALE PRICE ($) | TENDERED SALE PRICE IN $PSM OF GFA |
|---|---|---|---|
| 1 | Intrepid Investments Pte. Ltd., GuocoLand (Singapore) Pte. Ltd. and TID Residential Pte. Ltd. | 586,591,288.00 | 11,409.84 |
| 2 | Sim Lian Land Pte Ltd and Sim Lian Development Pte Ltd | 551,800,000.00 | 10,733.11 |
| 3 | United Venture Development (2022) Pte. Ltd. | 508,300,000.00 | 9,886.99 |
| 4 | UED Alpha Pte. Ltd. and Soilbuild Group Holdings Ltd. | 500,888,118.00 | 9,742.82 |
30 September 2021
The Urban Redevelopment Authority (URA) released three residential sites at Lentor Hills Road (Parcels A & B) and Jalan Tembusu for sale today under the second half 2021 (2H2021) Government Land Sales (GLS) Programme.
The residential sites at Lentor Hills Road (Parcel A) and Jalan Tembusu are launched for sale under the Confirmed List while Lentor Hills Road (Parcel B) is available for application under the Reserve List. Together, these three sites can yield about 1,500 residential units.
The tender for the land parcels at Lentor Hills Road (Parcel A) and Jalan Tembusu will close at 12 noon on 18 January 2022.
Sales Launch Date: 30 September 2021, Thursday
Tender Submission Date: 18 January 2022, Tuesday
Site Area: 17,136.9 m²
Maximum Gross Floor Area: 51,411 m²
Good Accessibility
The land parcel is located within the new Lentor Hills Estate which is envisioned as a sustainable and pedestrian-friendly neighbourhood amidst lush greenery.
Located in close proximity to the new Lentor MRT Station on the Thomson-East Coast Line, future residents will enjoy direct access via public transport to Woodlands Regional Centre, the Central Business District and various parts of Singapore.
Proximity to Schools, Future Amenities and Park Spaces
Established schools such as Presbyterian High School, Anderson Primary School, and CHIJ St Nicholas Girls’ School are located nearby.
Future residents can look forward to retail options, a supermarket and childcare facilities located within the upcoming mixed-use development at Lentor Central and enjoy lush greenery and recreation choices at the future hillock and linear parks nearby.
The Land Parcel is part of the new Lentor Hills Estate, which is set within a predominantly private housing area in Ang Mo Kio Planning Area. Lentor Hills Estate is bordered by Lentor Estate to the north, Teachers’ Housing Estate to the south, Sindo Industrial Estate to the west and a mix of private and public housing to east.
The Land Parcel is designated for private housing development. It will be connected to Lentor MRT station on the Thomson-East Coast Line by covered linkways. The Land Parcel is in proximity to the Lentor Central mixed-use development. It is also well connected to major arterial roads and expressways such as the upcoming North-South Corridor (NSC), and within easy reach to recreational facilities such as Thomson Nature Park, Yio Chu Kang Stadium & Sports Complex, and educational institutions such as Presbyterian High School, Anderson Primary School, and CHIJ St Nicholas Girls’.
Lentor Hills Estate is envisioned as a pedestrian-friendly neighbourhood set amidst lush greenery with good connectivity to public transport. It is intended to provide a mix of high-rise, medium-rise and landed housing options, as well as new amenities, such as retail options and a supermarket. Existing greenery on the site has been retained and will be developed into a hillock park to serve the neighbourhood.
The proposed development on the Land Parcel is envisioned to be well- integrated with the greenery of the future Hillock Park and the green fingers extending from the park. It shall be lushly landscaped to enhance the overall sense of greenery in the area and include an attractive living environment that promotes an active lifestyle.
The Successful Tenderer is expected to build upon the unique context of the Land Parcel and employ innovative building typologies of appropriate form and scale in the proposed development that responds sensitively to existing developments (e.g. landed homes), the future Hillock Park, Lentor MRT Station and the future mixed-use development at Lentor Central.
The Successful Tenderer is required to provide an Early Childhood Development Centre 2(ECDC) for infant care and childcare services within the proposed development. The ECDC shall occupy a minimum GFA of 500 m2 and shall be computed as part of the permissible GFA for the proposed development. The ECDC is expected to accommodate up to 100 children (including infants).
The ECDC is required to be retained and operated for a minimum of 10 years from the date of the grant of licence for the ECDC. The ECDC shall not be strata subdivided and shall form part of the common property of the future residential development.
The facades of the proposed development fronting Lentor Hills Road and the future Hillock Park shall be treated as main building elevations.
Facade design should adopt tropical design strategies to respond appropriately to Singapore’s tropical climate, and be well-articulated with a good proportion of solid (walls) and voids (fenestration), and elements of tropical architecture such as sky terraces, balconies, sun-shading louvres, deep recesses, window ledges, roof terraces, communal planter boxes and vertical green walls. Full glass façades are not allowed.
All services areas, including the refuse bin centre, mechanical and electrical plant, air-conditioning edges, service balconies, ventilation shafts, etc., are to be located away from the future Hillock Park and green fingers and be visually well-screened.
To future-proof new development sites in Singapore, the Successful Tenderer is required to have active and passive provision of EV charging points for the proposed development.
Active provision refers to charging points that are fully wired and ready for use by EVs. Passive provision refers to catering of sufficient electrical power at the consumer switch room(s) and/or substation(s) to allow more chargers to be installed and activated easily when demand increases in
future.
As a start, the Successful Tenderer is to ensure at least 15% of the total car-park lots can minimally support 3-Phase AC Type 2 chargers with power output of 7kW per charging point (i.e. passive provision), of which at least 1% must be installed with EV charging points (i.e. active provision). The detailed requirements are set out in Clauses 7.2.28 to 7.2.30 of the Conditions and Requirements of Relevant Competent Authorities and Public Utility Licensees.
