Kingsford’s competitive bid, S$7 million above the nearest offer, reflects strong confidence in the residential demand within Lentor Hills. The real estate market in Singapore is booming, and Kingsford’s past successes in projects like Normanton Park showcase its capability to deliver large-scale, desirable developments. This investment comes at a time when developers are showing strategic restraint in new land bids amid market apprehensions in the international real estate marketplace. Ultimately, securing the Lentor Gardens site aligns perfectly with Kingsford’s strategy to expand and invest amid rising demand in the flourishing Singapore real estate landscape. This 99-year leasehold plot spans 20,639.4 square metres, offering significant potential for development. The bid demonstrates Kingsford’s commitment to capitalizing on strong demand for prime real estate, similar to its successful acquisition of the Marina South site.
Kingsford Wins Competitive Bid at $920 Psf Ppr for Lentor Gardens GLS Residential Site
Kingsford snatches Lentor Gardens site with a jaw-dropping bid $7M above competitors. While other developers exercise caution, this bold move reveals a fierce battle for Singapore's prime real estate. Is this confidence or recklessness?
