GuocoLand is planning to have a preview for the Lentor condominium project; pricing will begin at S$1,880 per square foot

Aug 31, 2022



Prices for Guocoland's Lentor Modern integrated mixed-use complex will begin at S$1,880 per square foot and previews will begin on Friday (September 2), according to the company.

After more than 20 years, the Lentor neighborhood will finally see the development of its first private condominiums with this launch. According to a statement issued by the real estate developer on Wednesday to the press, it would also be immediately connected with the Lentor MRT station, which is a part of the Thomson-East Coast Line.

Units with two or three bedrooms will make up over 80 percent of the total 605 available dwellings. According to GuocoLand, all of the two- to four-bedroom homes will include an additional "flex space" that may be configured to meet a variety of requirements.

The units with one bedroom and two bedrooms will begin at around S$1.1 million and S$1.4 million respectively, while the units with three bedrooms and four bedrooms will begin at approximately S$1.9 million and S$2.9 million respectively.

The 99-year leasehold development will consist of three residential towers that are 25 stories tall and will be situated above a shopping mall that has 96,000 square feet of space dedicated to food and beverage outlets and retail shops, as well as 12,000 square feet dedicated to a supermarket and 10,000 square feet dedicated to a childcare center. GuocoLand anticipates that the project will be finished in the year 2026.

The preview for the 158-unit Sky Eden@Bedok by Frasers Property began during the past weekend, on August 27, and was followed shortly thereafter by the debut of GuocoLand's 605-unit Lentor Modern.

Prices for the Bedok development by Frasers start at S$1,937 per square foot (psf), with unit prices estimated to be approximately S$1.3 million for a 2-bedroom unit measuring 657 square feet (sq ft), S$1.7 million for a 3-bedroom unit measuring 893 sq ft, and S$2.6 million for a 4-bedroom unit measuring 1,302 sq ft.

The Ang Mo Kio, Bishan, and Thomson neighborhoods are all included in the District 20 region, which is where Lentor Modern is located. Nearly five weeks ago, in the same district region, a joint venture led by UOL sold 98 percent of the 372-unit AMO Residence on the first weekend of sales at prices beginning at S$1,890 psf. The UOL Group, the Singapore Land Group, and Kheng Leong Company are now in the process of developing AMO Residence in Ang Mo Kio.

The Lentor Modern development by GuocoLand will have a number of different pools, including lap pools of 50 and 25 meters, leisure pools, spa pools, and jacuzzi alcoves. In addition to this, there will be a tennis court, both an indoor and an outdoor gym, as well as a luxurious clubhouse. In addition to a business lounge, a gaming area, and a dance studio, the clubhouse will have a total of two event rooms.

Schools and educational institutions such as Anderson Primary School, Ang Mo Kio Primary School, CHIJ St Nicholas Girls' School (Primary and Secondary), Mayflower Primary School, Anderson Secondary School, Presbyterian High School, Anderson Serangoon Junior College, and Nanyang Polytechnic are located in the area. Other nearby schools and educational institutions include Anderson Secondary School, Mayflower Primary School, and Anderson Secondary School.

As of 2:07 pm on Wednesday, the price of a share of GuocoLand, which is listed on the mainboard, had fallen by 0.6 percent, which is the equivalent of $0.01.