# Sustained Land buys Thomson Lane plot for S$578 million, plans condo project on prime site

- **Source:** The Business Times
- **Published:** 2026-08-17T02:58:46.000Z
- **Author:** Chong Xin Wei
- **Original:** https://www.businesstimes.com.sg/property/sustained-land-buys-thomson-lane-plot-s578-million-plans-condo-project-prime-site
- **Topics:** Private Residential, Government & Policy

## Featured rationale

The acquisition signals developer confidence in prime residential demand and could add substantial condominium supply, subject to conversion from the site’s current hotel zoning.

## AI summary

A Sustained Land-led joint venture is acquiring the 203,000 sq ft site at 8 Thomson Lane for S$578 million, with plans for a large condominium project.

## Original article

[SINGAPORE] A joint venture led by developer Sustained Land is buying a sprawling site in Thomson Lane for S$578 million from an entity linked to OCBC’s Lee family, with plans to build a large residential project on the prime plot.

According to a caveat lodged on Aug 11, the seller is Chequers Properties, a company linked to the family of late rubber magnate and philanthropist Lee Kong Chian, regarded as the founding father of OCBC.

The site at 8 Thomson Lane spans a 203,000 square feet (sq ft) and is currently zoned for hotel use with a gross plot ratio of 2.1 under the Urban Redevelopment Authority’s (URA) Master Plan 2025.

## Chinese translation

> Translation model: grok_cli

### Sustained Land以新币5.78亿元购入汤申巷地段，拟在优质地段建共管公寓

该地段正从与华侨银行李氏家族相关的实体购入

[新加坡] 由发展商Sustained Land牵头的合资企业，正以新币5.78亿元，向与华侨银行李氏家族相关的实体购入汤申巷一大幅地段，并计划在该优质地段兴建大型住宅项目。

根据8月11日提呈的买卖契约，卖方为Chequers Properties，该公司与已故橡胶大亨及慈善家李光前家族相关；李光前被视为华侨银行的奠基人。

该地位于汤申巷8号，占地203,000平方英尺，根据市区重建局（URA）《总体规划2025》，目前规划为酒店用途，总容积率为2.1。