GuocoLand, CDL place top bids for Lentor Central, Champions Way sites

Tenders for both land parcels closed on 12 September.

GuocoLand and CDL had the highest bids for the land parcels at Lentor Central and Champions Way, respectively.

Data from the Urban Redevelopment Authority (URA) showed that CDL put in a $259.89m bid for the Champions Way site, whilst GuocoLand’s consortium with Hong Leong Holdings and CSC Land Group placed a $435.17m bid for the Lentor Central site.

URA, however, clarified that it has yet to decide on whom it will award the tender to.

“ A decision on the award of the tender will be made after the bids have been evaluated. This will be publicised at a later date,” URA announced.

URA launched the public tender for the Lentor Central and Champions Way sites on 12 April and 25 May, respectively.

Both sites are for residential development and have a lease period of 99 years.

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City Developments Limited

GuocoLand

Urban Redevelopment Authority

GLS tender

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