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What if the latest Lentor housing site sells for well below nearby plots? That’s no bad thing

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Leslie Yee

Leslie Yee

Published Mon, Sep 4, 2023 · 03:40 PM
    • Private homebuyers may cheer if lower land prices for housing sites translate into lower selling prices of new homes.
    • Private homebuyers may cheer if lower land prices for housing sites translate into lower selling prices of new homes. PHOTO: BT FILE

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    RESULTS of tenders for Government Land Sales (GLS) sites in Singapore are closely watched.

    Will the upcoming tender by the Urban Redevelopment Authority (URA) for the sixth private housing site to be sold at Lentor Central in the Yio Chu Kang area draw a weak response? Developers may be cautious given high interest rates, slow take-up at some new launches, high construction costs, the large amount of new housing supply in the Lentor vicinity, and economic uncertainty.

    This 99-year leasehold Lentor Central site has an area of 14,703.2 square metres (sq m) as well as a maximum gross floor area of 41,169 sq m, and can yield around 475 homes. The tender closes on Sep 12.

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    The Level GroundGovernment Land Salesgovernment tenderSingapore propertySingapore residential propertyURASpotlight

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