Mainboard-listed GuocoLand Limited has secured a $634.7 million green club facility from Oversea-Chinese Banking Corporation (OCBC) and Industrial and Commercial Bank of China Limited (ICBC) Singapore Branch, to finance the development of its Lentor Central site.
GuocoLand was awarded the site on March 6. The green facility for the future residential development at the Lentor Central site expands GuocoLand’s portfolio of green facilities for its residential properties, including Springleaf Residence, Faber Residence and River Modern; as well as for the commercial components of its integrated mixed developments, Guoco Tower and Guoco Midtown.
The 171,424 sq ft land parcel at Lentor Central marks GuocoLand’s fifth site within the Lentor Hills estate. GuocoLand plans to develop a condominium comprising approximately 553 units across three towers — two at 26 storeys high and one with 27 floors. Most units will enjoy unblocked views of the surrounding landed housing, Lower Seletar Reservoir or Lower Peirce Reservoir.
The 99-year leasehold site is adjacent to GuocoLand’s Lentor Modern, an integrated mixed development comprising 605 residences and a 90,000 sq ft retail mall with direct access to Lentor MRT Station on the Thomson-East Coast Line.
When completed, the development at Lentor Central will achieve the Building and Construction Authority (BCA) Green Mark Platinum (Super Low Energy) award with Maintainability, Whole Life Carbon, and Health and Wellbeing Badges.
GuocoLand’s latest development at Lentor Central is targeted for launch in 1H2027. The upcoming launch follows the success of GuocoLand’s four other projects in the Lentor Hills estate: Lentor Modern, Lentor Hills Residences, Lentor Mansion and Lentor Central Residences — all of which are fully sold.
See also: Streetscapes: Modernising Lentor
Lentor Mansion was GuocoLand’s first development to attain the BCA Green Mark Platinum (Super Low Energy) award with Whole Life Carbon and Maintainability badges. Recent GuocoLand projects, including Springleaf Residence, Faber Residence and River Modern, are also on track to achieve the BCA Green Mark Platinum (Super Low Energy) with Maintainability, Whole Life Carbon, and Health and Wellbeing badges.
Dora Chng, residential director of GuocoLand, says the group’s five land parcels in Lentor Hills reflects its “confidence in the neighbourhood” and “commitment to shaping it into a vibrant and highly sought-after residential estate”. “We have established a strong presence here and are excited to create another thoughtfully planned luxury development, with our signature features, including lush landscaping and efficient unit layouts.”
See also: A rojak isn’t great just because you’ve thrown the pieces together
Shares in GuocoLand were up 1 cent, or 0.5% higher, at $2.14 prior to the midday break.
Read more about Lentor:
Streetscapes: Modernising Lentor
Read more about GuocoLand's launch of its green finance framework in June 2023:
GuocoLand secures $974 mil green facility to refinance Guoco Tower, launches green finance framework
Photo: URA Space
