GuocoLand’s Lentor Modern and Midtown Modern fully sold

Caveats on URA’s Realis data source display that the last unit offered at Lentorn Modern was a 1,130 sq ft, three-bedroom unit that fetched $2.4 million ($2,126 psf) on Jan 19. Houses at Lentor Modern initially started for sale in September 2022. This implies that the condominium has been completely taken up in less than 2 1/2 years ever since sales bookings began. Based on cautions, the project attained a standard selling price of about $2,107 psf.

“The feedback to Lentor Modern and our various other projects in the Lentor Hills estate highlights the strong need for high quality premium homes in the area,” claims Dora Chng, housing supervisor of GuocoLand.

The final unit at Lentor Modern, GuocoLand’s incorporated development in the Lentor Hills estate, has been offered, which indicates that the 605-unit venture is currently completely taken up. The accomplishment comes on the behind Midtown Modern, which was additionally totally sold as of last December, GuocoLand states in a Jan 27 press release.

Pinetree Hill floor plan

Lentor Modern was the very first project to be kicked off in the Lentor Hills estate. It saw a solid reaction upon launch, with the project amassing a take-up figure of 84% on launch day.

In addition to Lentor Modern, GuocoLand is developing three additional projects in the estate with its joint project partners. In July 2023, the developer, along with Hong Leong Holdings and TID, released the 598-unit Lentor Hills Residences. The project has actually sold 99% of units to day at a common cost of around $2,099 psf, based on caveats lodged.

The 533-unit Lentor Mansion, established by GuocoLand and Hong Leong Holdings, was released last March, with 75% sales achieved throughout the very first 2 days of open. The project is now 97% marketed with short of 20 units remaining available, GuocoLand says.

She adds: “We expect the launch of Lentor Central Residences to be satisfied with strong attraction due to its closeness to our Lentor Modern mall which is directly attached to the Lentor MRT terminal on the Thomson-East Coast Line”.

The property is going to consist of five 25-storey high rises with 941 units, including a portion of the original Upper Thomson High school that will be preserved and adjusted for household usage. It will also have safe access to Springleaf MRT Terminal on the TEL.

Lentor Central Residences, a future project by GuocoLand, Hong Leong Holdings and CSC Land Group (Singapore), is targeted for release in 1Q2025. The condominium consists of 477 units throughout 2 sky-high blocks.

Lentor Modern is a 99-year leasehold project making up three 25-storey housing towers with an overall of 605 flats. The towers sit on top of a 96,000 sq ft mall that will feature a 12,000 sq ft food store, a 10,000 sq ft child care centre, and F&B and retail offerings. The development will be incorporated with Lentor MRT Terminal on the Thomson-East Coast Line (TEL).

In its press release, GuocoLand mentions that the shopping center is presently “more than 50%” rented, including to anchor tenants CS Fresh and ChildFirst.

Nearby, the upcoming property development at the Upper Thomson Road (Parcel B) site is targeted for debut in the 2nd part of the year, GuocoLand mentions. The developer, along with Hong Leong Holdings, was granted the Government Land Sales (GLS) plot last April after the joint venture associates submitted the offered quote of $779.6 million for the 344,700 sq ft, 99-year leasehold site, mirroring a land rate of $905 psf per plot ratio.

Meanwhile, units at the 558-unit Midtown Modern, situated on Tan Quee Lan Road, brought an usual cost of approximately $2,825 psf. The 99-year leasehold condominium, which is part of the Guoco Midtown mixed-use property development, was initially introduced for sale in March 2021.


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