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Springleaf Nature Park is a tranquil park by the river. Ideal for a jog, walk, cycle or a quiet break among nature. It is protected as part of the Central Nature Park Network. The park is home to more than 80 species of resident and migratory birds such as the White-throated Kingfisher, Blue-tailed Bee-eater and Long-tailed Parakeet. (Source: National Parks Board)

Hong Leong
Holdings’
Joint Venture
Secures S$847M
Green Facility For
Upper Thomson Road
Residential Development

A Hong Leong Holdings’ joint venture consisting of GuocoLand and Intrepid Investments, has secured a $847.1 million green club facility to finance its upcoming residential development at Upper Thomson Road.

In April, the consortium was awarded a 344,700 sq ft, 99-year leasehold site along Upper Thomson Road through a Government Land Sale tender. The joint venture submitted a bid of $779.6 million ($905 psf per plot ratio) for the residential site.


Springleaf New Town – In 2022, URA announced its plans for Springleaf estate in the north with the opening of Springleaf MRT Station. The addition of housing units in the precinct will help to leverage the improved accessibility in the area and meet housing demands while conserving biodiversity-sensitive areas. (Source: The Business Times)

The site is near a new cluster of private housing projects coming up in the Lentor Hills precinct, where six plots have been sold so far and five projects launched. The site is also within close proximity to the Central Catchment Nature Reserve and Springleaf MRT station.

On 20 August, it announced that the targeted launch for the Upper Thomson site would be in 2025. It comprises five 25-storey towers with 941 units. The development will also include a part of the former Seletar Institute (originally built as Upper Thomson Secondary School) to be conserved.

The residential project will be the first private residential development to adopt a “biodiversity-sensitive approach”. It aims to attain the Building and Construction Authority’s Green Mark Platinum (Super Low Energy) award, along with the Maintainability badge. Under the Green Mark scheme, the badge is awarded to buildings that use smart facilities management technologies to ensure resource-efficient maintenance regimes.


In 2023, the joint venture partners secured $498.6 million in green financing for Lentor Mansion, a 533-unit three 16-storey towers and three eight-storey towers, with a mix of two-bedroom and five-bedroom units.

Besides the Upper Thomson site, the joint venture partners previously secured a $498.6 million facility for its Lentor Mansion residential development.

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