GuocoLand secures $634.7 mil green loan for Lentor Central development
The financing and fifth Lentor Hills site commitment signal continued developer confidence after GuocoLand’s four earlier projects in the estate sold out.
GuocoLand secured a $634.7 million green facility to finance a 553-unit Lentor Central condominium scheduled to launch in the first half of 2027.
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GuocoLand has secured a $634.7 million green club facility from Oversea-Chinese Banking Corporation (OCBC) and Industrial and Commercial Bank of China (ICBC) Singapore Branch to finance the development of its 553-unit condominium at Lentor Central, the developer's fifth residential project in the Lentor Hills estate.
The project will be built on a 171,424 sq ft site awarded in March 2026 to a joint venture comprising GuocoLand, Hong Leong Holdings and TID, after the consortium submitted the highest bid of $657.1 million, or $1,278 psf per plot ratio, among five bidders.
The 99-year leasehold development will comprise three residential towers -- two 26-storeys and one 27-storey. It is expected to launch in the first half of 2027. Most units will overlook the surrounding landed housing areas, Lower Seletar Reservoir or Lower Peirce Reservoir.
Read also: Lentor Central GLS site’s highest bidder is GuocoLand, Intrepid, TID consortium with $1,278 psf ppr offer
The site sits next to Lentor Modern, GuocoLand's integrated mixed-use development comprising 605 homes and a 90,000 sq ft retail mall linked directly to Lentor MRT station. Together with Lentor Hills Residences, Lentor Mansion and Lentor Central Residences, the four earlier projects have been fully sold.
Upon completion, the development is expected to achieve the Building and Construction Authority's Green Mark Platinum (Super Low Energy), Maintainability, Whole Life Carbon, and Health and Wellbeing certifications.
The purchase of Lentor Central site, GuocoLand’s fifth in the Lentor Hills estate “reflects our confidence in the neighbourhood and our commitment to shaping it into a vibrant and highly sought-after residential estate”, says Dora Chng, residential director of GuocoLand.