# GuocoLand's five FY2026 residential launches near sell-out; Lentor Central and Berlayar Drive in pipeline

- **Source:** EdgeProp Singapore
- **Published:** 2026-08-28T15:42:57.000Z
- **Author:** EdgeProp Singapore
- **Original:** https://www.edgeprop.sg/property-news/guocolands-five-fy2026-residential-launches-near-sell-out-lentor-central-and-berlayar-drive-pipeline
- **Topics:** New Launches, Transactions & Deals

## Featured rationale

The near sell-out signals strong new-home demand and developer confidence, potentially supporting future earnings and buyer interest around Lentor and the Greater Southern Waterfront.

## AI summary

GuocoLand sold 93% to 99% of five FY2026 residential launches comprising 3,120 units, while preparing Lentor Central and Berlayar Drive projects for 2027.

## Original article

GuocoLand recorded one of its strongest residential sales performances in recent years in FY2026 (ended June 30), launching five projects comprising 3,120 units between August 2025 and April 2026.

The five projects are the 941-unit Springleaf Residence, 399-unit Faber Residence, 462-unit Penrith, 455-unit River Modern and 863-unit Tengah Garden Residences. As at June 30, sales rates ranged from 93% at River Modern to 99% at Tengah Garden Residences (see table below).

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The strong take-up has yet to be fully reflected in GuocoLand’s financial results, as most of the projects remain in the early stages of construction. Four are scheduled for completion in 2029, while River Modern is expected to be completed in 1H2030. Group CEO Cheng Hsing Yao says the substantially sold residential developments “will contribute to the Group’s earnings in the coming years as construction progresses”.

Search for the latest New Launches, to find out the transaction prices and available units

Property development revenue fell 32% to $1.07 billion in FY2026 from $1.57 billion a year earlier, reflecting the timing of progressive revenue recognition from its Singapore residential projects, according to GuocoLand.

GuocoLand does not include revenue from joint-venture developments such as Springleaf Residence and Faber Residence in its property development revenue, as the projects are equity-accounted. The group’s proportionate revenue from equity-accounted Singapore projects rose to about $391 million in FY2026 from $211 million in FY2025.

Its share of profit from associates and joint ventures also rose to $32.4 million, reversing a loss a year earlier, mainly due to contributions from Springleaf Residence and Lentor Hills Residences as construction progressed.

Meanwhile, GuocoLand is replenishing its residential pipeline. Its next launch is expected at the Lentor Central site, its fifth residential site in the Lentor Hills estate. The project, a joint venture with Intrepid Investments and TID Residential, is slated for launch in 1H2027 and will comprise about 553 units across three towers.

The site is adjacent to Lentor Modern mall and Lentor MRT station on the Thomson-East Coast Line. GuocoLand says most units are expected to have unblocked views of the surrounding landed housing, Lower Seletar Reservoir or Lower Peirce Reservoir.

Beyond Lentor, GuocoLand is expanding its residential pipeline to the Greater Southern Waterfront. Together with Intrepid Investments, a subsidiary of Hong Leong Holdings, it was awarded the Berlayar Drive government land sale (GLS) site on August 7 for $576.78 million, or $1,515 psf per plot ratio.

Read also: Hong Leong Holdings-GuocoLand JV submits sole bid for Berlayar Drive GLS site at $1,515 psf ppr

The site can yield up to 416 private homes and faces Keppel Bay on one side and the forested Bukit Chermin on the other. It is about 330m from Telok Blangah MRT station. The project is expected to be launched sometime in 2027.

Several substantially sold projects are nearing completion. The 598-unit Lentor Hills Residences is expected to be completed in 2H2026, while the 533-unit Lentor Mansion was completed in 3Q2026. The 477-unit Lentor Central Residences, launched in March 2025 and fully sold as at June 30, is scheduled for completion in 2H2027.

On the investment property side, revenue rose 4% to $292.5 million in FY2026. The office and retail components of Guoco Tower and Guoco Midtown were 100% committed as at June 30, while 20 Collyer Quay was 97% committed. Lentor Modern mall, which opened in January, was 95% committed.

Overall, GuocoLand reported FY2026 revenue of $1.43 billion, down 25% y-o-y, while profit attributable to equity holders fell 11% to $95.2 million. The group recognised a $207.2 million allowance for foreseeable losses on its development properties in Chongqing, China.

In the immediate term, GuocoLand says its main focus for investment and growth remains on its two “twin engines” in Singapore — property development and property investment.

“Our investment properties in Singapore maintained almost full occupancies and saw positive rental reversions while our residential projects sold very well at their launches,” says Cheng.

Read also: April private home sales hit six-month high of 1,548 units on OCR launch momentum

Check out the latest listings for River Modern, Tengah Garden Residences, Faber Residence, Springleaf Residence, Penrith properties

## Chinese translation

> Translation model: grok_cli

### 国浩置地五个2026财年住宅项目接近售罄；Lentor Central与Berlayar Drive项目已列入储备

强劲的认购表现尚未完全反映在国浩置地的业绩中，最新项目仍处于施工初期阶段。

国浩置地在2026财年（截至6月30日）录得近年来最强劲的住宅销售表现之一，于2025年8月至2026年4月期间推出五个项目，共3,120个单位。

这五个项目分别为941个单位的Springleaf Residence、399个单位的Faber Residence、462个单位的Penrith、455个单位的River Modern，以及863个单位的Tengah Garden Residences。截至6月30日，销售率从River Modern的93%到Tengah Garden Residences的99%不等（见下表）。

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强劲的认购表现尚未完全反映在国浩置地的财务业绩中，因为多数项目仍处于施工初期阶段。四个项目计划于2029年竣工，而River Modern预计于2030年上半年竣工。集团首席执行官郑兴耀表示，这些已基本售出的住宅项目“将随着工程推进，在未来数年贡献集团盈利”。

搜索最新新盘推出，了解成交价格及可售单位

据国浩置地称，物业发展收入在2026财年从一年前的15.7亿新元下降32%至10.7亿新元，反映其新加坡住宅项目按进度确认收入的时间因素。

国浩置地并未将Springleaf Residence和Faber Residence等合资发展项目的收入计入物业发展收入，因为这些项目采用权益法入账。集团按持股比例计算的权益入账新加坡项目收入，从2025财年的2.11亿新元增至2026财年的约3.91亿新元。

其应占联营公司及合资企业溢利亦增至3240万新元，扭转一年前的亏损，主要得益于Springleaf Residence和Lentor Hills Residences随着工程推进所贡献的利润。

与此同时，国浩置地正在补充住宅项目储备。下一个推出项目预计位于Lentor Central地段，这是其在Lentor Hills地区的第五个住宅地段。该项目为与Intrepid Investments及TID Residential的合资项目，计划于2027年上半年推出，将由三座大楼组成，约553个单位。

该地段毗邻Lentor Modern商场及汤申-东海岸线的Lentor地铁站。国浩置地表示，大部分单位预计可无遮挡地眺望周边有地住宅、实里达蓄水池下游或贝雅士蓄水池下游。

除Lentor以外，国浩置地正将住宅项目储备扩展至大南部滨水区。该公司与丰隆控股子公司Intrepid Investments一起，于8月7日以5.7678亿新元、即每平方英尺地积比1,515新元的价格，投得Berlayar Drive政府售地（GLS）地段。

另读：丰隆控股与国浩置地合资企业以每平方英尺地积比1,515新元的价格，就Berlayar Drive政府售地（GLS）地段提交唯一投标

该地段最多可兴建416套私人住宅，一侧面向吉宝湾，另一侧面向林木茂密的Bukit Chermin。距离直落布兰雅地铁站约330米。该项目预计于2027年某个时候推出。

多个已基本售出的项目正接近竣工。598个单位的Lentor Hills Residences预计于2026年下半年竣工，而533个单位的Lentor Mansion已于2026年第三季度竣工。477个单位的Lentor Central Residences于2025年3月推出，截至6月30日已全部售出，计划于2027年下半年竣工。

投资物业方面，收入在2026财年上升4%至2.925亿新元。截至6月30日，国浩大厦和国浩中城的办公与零售部分承诺出租率为100%，20 Collyer Quay为97%。于1月开业的Lentor Modern商场承诺出租率为95%。

总体而言，国浩置地公布2026财年收入为14.3亿新元，同比下降25%，而权益持有人应占溢利下降11%至9520万新元。集团就其中国重庆的发展物业确认了2.072亿新元的可预见亏损拨备。

短期内，国浩置地表示，其投资与增长的主要焦点仍是新加坡的两大“双引擎”——物业发展和物业投资。

郑兴耀表示：“我们在新加坡的投资物业维持接近满租，并录得正面租金续约调整，而住宅项目在推出时销售非常理想。”

另读：4月私人住宅销量受外中心区（OCR）新盘带动，升至六个月高位1,548个单位

查看River Modern、Tengah Garden Residences、Faber Residence、Springleaf Residence、Penrith物业的最新挂牌