We conducted a site visit to Lentor Hills Residence, a JV project between Intrepid Investments Pte. Ltd (a wholly owned subsidiary of Hong Leong Holdings Limited) (50%), GuocoLand Pte. Ltd (30%), and TID Residential Pte. Ltd (20%).
The Lentor Hills Residence is situated on a land area of 17,136.9 square meters, prominently positioned at the junction of Lentor Central and Lentor Hills Road. Around 59% of the units are 1 to 2 bedders. Prices of the one- bedroom units (450 sft) start from around S$945k while the two-bedrooms (from 665 sft) are priced from S$1.36m. The development consists of 598 residential units. Its strategic location offers convenient access to Lentor MRT station, a short walk away, which is part of the Thomson-East Coast line connecting to Shenton Way.
Site Visit Highlights
GuocoLand is entering its third project in the Lentor Hill area. GuocoLand (60%) together with Interprid Investments (40%) were awarded Lentor Gardens land parcel in April 2023. It is a planned 530 unit development with 8-storey blocks and 16-storey towers. The development is expected to launch in 1H24.