Depending on how you see it, there will be a large supply of new private condos coming up in the new Lentor Hills precinct.
As a home buyer, the whole area will become much more vibrant with the new injections of families, infrastructure improvements, more amenities.
However, for investors who have bought in for the earlier plots of land would have prefer that the URA released the other plots of lands at a much slower pace.
That is because the developers will tend to bid higher in terms of the next land purchase available.
By releasing the lands at such a fast pace, it seems to me that the Gov wants to drive up the population in this area quickly.
URA has just released another two land parcels for sale in the Lentor Hills estate under the Government Land Sales GLS.
The first land parcel is located at Lentor Central and can yield around 475 residential units.
The second land parcel is at Lentor Gardens and can yield 500 units, but is only available for application by developers under the reserve list.
Experts predict that there will be cautious bidding for these new sites due to the potential supply glut of condominium projects in the Lentor Hills estate.
Seems to me that GuocoLand has already become too vested in this area that they got no choice but to continue to secure their positioning in this area. There will be at least 1 bid coming from GuocoLand.
Almost 3,000 residential units expected to be completed in the area over the next four to five years.