GuocoLand Bids $576M for Lentor Central Site in Singapore

I’ll also touch on their breakeven pricing and include my estimation of the potential selling price. The location of Lentor Hill Residence is ideal for anyone looking for a convenient and stylish lifestyle. The development is close to shopping, dining, entertainment, and public transportation, making it easy to get around. Lentor Hills estate is full of untapped potential with benefits that are yet to be reaped. Future residents can look forward to plenty of housing options in a tranquil neighborhood. This will fill the void of new project launches in the area and likely stimulate interest as a result of pent-up demand in the area.

Not to mention that this 99 year leasehold development will house 595 residential units from 1 bedroom apartments all way up through 4 bedrooms houses; each tailored specifically according your needs as well customer expectations. Increased demand for its residential and commercial properties have bolstered GuocoLand’s earnings, with its net profit surging 132% to S$392.7 million in the year ended June 30. Among its projects, the Wallich Residence at the top of the Guoco Tower, the tallest skyscraper in Singapore, is about 85% sold. The 558-unit Midtown Modern—which is part of the mixed-use development in the Bugis district on the edge of the Raffle Place CBD—is 75% sold, while the 219-unit Midtown Bay is 38% sold. GuocoLand—controlled by Malaysian billionaire Quek Leng Chan—has sold 84% of its suburban residential condominium project in the northern part of Singapore during its weekend launch, adding to signs the Lion City is defying a global property downturn. An artist impression of Lentor Modern, an integrated mixed-use development in the Lentor Hills …

Sites under the Reserve List are not immediately released for tender but are made available for application instead. A reserve List site will be put up for tender when a developer has indicated a minimum price that is accepted by the government. “Given the dwindling residential supply in the area, this site would be hotly contested by developers,” says Mak.

Towards the north of Lentor Modern and three stops from it is the Woodlands interchange – the largest integrated transport hub in Singapore. Near the transport hub are amenities like the Causeway Point Shopping Mall, Woods Square, Woodlands Civic Centre, and Woodlands Regional Library. This is a review of Lentor Modern condo, a 99-year leasehold mixed-use development at Lentor Central in Singapore’s District 26. Developed by well-known developer GuocoLand, it will be integrated with the Lentor MRT station along the Thomson-East Coast Line (TE5). More evidence of this can be seen in recent transaction patterns, with the proportion of sales of one- and two-bedroom units against total new home sales rising from 21.4% in 1Q2022 to 47% in 1Q2023. In addition, Hillock Green Yanlord Land Group’s public transit system provides convenient access to the surrounding suburbs, as well as the amenities of Woodlands and Yishun Town.

As can be seen, buyers have come to accept prices above $2,000 psf for Outside Central Region (OCR) projects. The development will consist of three 25-storey blocks with 605 residential units of 1- to 4-bedrooms. The commercial podium will have 96,000 sq ft of businesses, F&B and retail spaces, including a supermarket and more than 10,000 sq ft childcare facilities. lentor residence price of GuocoLand’s notable residential projects in Singapore is Martin Modern, a luxury condominium development located in the prime district of River Valley. The development comprises 450 units with lush greenery, high-quality finishes, and state-of-the-art facilities. Martin Modern won several awards, including the Best Luxury Condo Architectural Design Award at the PropertyGuru Asia Property Awards in 2018.

Similarly, resale private properties within 1km of Anglo-Chinese School (Primary) in Barker Road is about 19% higher. It will be a future interchange with the Cross-Island Line (CRL) that will stretch from Changi Airport to Gul Circle. One station from Woodlands is Woodlands North, which will be integrated with the Rail Transit System (RTS) that provides a direct link between Singapore and Johor.

[+] estate, about 16 kilometers north of the Raffles Place central business district. My blog – Sg Home Investment – offers essential property reviews, research and guides to help buyers make an informed investment decision. Please feel free to WhatsApp Me if you have any queries about the real estate market in Singapore. Does this mean that properties in District 26 have less capital appreciation potential? On the contrary, District 26 could potentially offer a higher rate of capital appreciation as it is less “developed”, which will provide it with more room to play catch up with the other two districts. For example, housing estates in Tampines and Ang Mo Kio were built in the 1970s and Bishan in the 1980s, while their respective MRT stations started operation in the late 1980s which helped ignite their rapid development.

Moreover, there has been limited new housing supply in District 26 so far, especially around Lentor, which augurs well for property buyers. Although there will be more private condos coming up (Lentor Hills Parcel A & Parcel B, Lentor Central, and Lentor Gardens), they won’t fully mitigate the supply crunch the property market is currently experiencing. With land prices at the recent government land sales (GLS) staying firm, it is difficult to see property prices falling, barring a collapse of the economy. At such land rates, they are likely to be launched upward of $1,8xx psf minimally, which would become the new normal.

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Headquartered in Singapore, the principal business activities of GuocoLand and its subsidiaries (“the Group”) are property development, property investment, property management and hotel operations. Lentor Hills Residences is a new launch condominium at a serene neighbourhood in Lentor Hills Road. This development will be situated right across the new Lentor MRT station on the Thomson-East Coast line (TEL).