GuocoLand’s foothold in Lentor may be a boon, but there are potential risks

GUOCOLAND was dubbed “King of Lentor Hills” this month after being awarded its third 99-year leasehold private housing site in the locale in less than two years.

The mainboard-listed property group had bagged the first Lentor plot on its own at a state tender by the Urban Redevelopment Authority (URA) that closed in July 2021. 

It then teamed up with two Hong Leong Group Singapore entities – Intrepid Investments and TID Residential – to win the URA tender for another site in January last year. The new condo project on this site, Lentor Hills Residences, is expected to be launched soon.