Two of the three lots - Lentor Central and Lentor Hills Residences Condo - are on the government's certified list and could yield about 735 housing units. The remaining land plot at Lentor Gardens, which can produce 530 units, is on the reserve list and will only be put up for bid when the developer offers a minimum government-accepted price.

The Lentor Garden lot, with a land area of ​​21,866.7 m2 and a maximum GFA of 45,921 m2, is capable of providing 530 apartments on a maximum building height of 120 meters SHD. The low-rise area is built with 8 floors, the middle floor is 16 stories high.

Real estate firm Huttons Group anticipates "warm" developer interest in Lentor Central and Lentor Hills Road (Parcel B) despite their need to replenish their land bank. "In view of increased risks from cooling measures and rising construction costs, developers may be reluctant to purchase land in an area with ample supply. Interest may shift to the Pine Grove site (Parcel A) or the inter-block market,” explains Lee Sze Teck, senior research director at Huttons.

Lee estimates the two new sites will have between three and five bidders, with the highest bids between S$1,000 and S$1,050 per square foot per lot rate (psf ppr) for hedging.

Schools in the vicinity of Lentor Hills Residences include Presbyterian High School, Anderson Elementary and CHIJ St Nicholas Girls' School. Also coming soon is Guocoland's Lentor Modern multi-purpose development, which will be integrated with Lentor metro station and will include 600 residential apartments and more than 96,000 square feet of commercial, F&B and commercial space.

Nicholas Mak, head of research & consulting at ERA Realty Network, noted that the last GLS plot for sale in the area - at Lentor Hills Road - went to Hong Leong Holdings, Guocoland and TID Residential Pte Ltd. at $1,060 per pr. The site was awarded in January of this year, weeks after a series of new cooling measures were introduced in December 2021.

Mak found the highest bid for the Lentor Central site was between $499 million and $550 million ($1,149 to $1,267), while the highest bid for the Lentor Hills Road (Parcel B) site could be from $255 million to $289 million ($1,043) and $1,182 psf ppr).

PropNex Realty's head of research and content, Wong Siew Ying, believes that developers will remain mindful of the other 2 nearby lots that have been sold recently and will therefore be "more discerning with their bids." their". She expects the highest bid for both sites to be S$1,100 psf.

Realizing the lack of upgrade opportunities and few private apartments in the area, OrangeTee & Tie's chief executive, Steven Tan, expects strong demand for completed units. He expects the two sites on the confirmed listing to receive "healthy" bids, noting that supply in the area could increase with more plots expected to be released in the future. future.

Lentor Hill Residences with land parcels