One of the company’s notable residential projects is The Lumos, a luxury condominium located in the prime district of Orchard Road in Singapore. The development comprises 53 exclusive units with luxurious amenities, including a lap pool, gymnasium, and sky terrace. lentor residence price located near MRT stations often command higher prices because of their desirable location.
At number 5, Bedok, a predominantly public housing estate will welcome only its second residential project, a mixed development, Sky Eden. If the project stays to my estimates last article and launches at an S$1,850 – S$1,900 psf average selling price, I would consider it attractive among comparative new launches today. This is less than the average launch prices of other recently launched properties on the mainland. Preliminary figures indicate that average unit prices of the new condominiums in the area have been hovering around the range of $1,900 psf in the first quarter of 2022. In the past few years, the number of new condominium sales in the Ang Mo Kio area has seen a decline due to a lack of new project launches in the estate. GuocoLand had highlighted in its press release that it has intended to develop its site as a mixed-use development of three 25-storey towers with around 600 residential units, including a double-volume sky terrace in each tower.
Note that for most of these projects, there hasn’t been much information released yet, so I’m basing my comments from already known facts. What’s up guys, it’s Jim Tay, and today im back with my latest biannual video to talk about the upcoming new launches to look out for in 2nd half of 2022. We are pleased to offer you comprehensive advice about your private ownership of Lentor Modern. As part of The Urban Redevelopment Authority (URA) master plan in 2019, it was announced that the area will see more housing options to be introduced in the coming years. Secure early bird deals and choice units by speeding up your home search with Ohmyhome. Investors will definitely want to take note of Woodlands Regional Centre, which promises to integrate more business, educational, and living spaces on the 100 hectares of land over the next 15 years.
These include the Wallich Residence, Guoco Midtown, its flagship Guoco Tower and the 5-star business hotel Sofitel Singapore City Centre. Overall, TID Pte Ltd has a strong reputation in the property development industry and is committed to delivering quality properties that exceed customer expectations. Buyers’ preference for smaller units has been present before the pandemic, according to Alan Cheong, executive director of research at Savills Singapore. He suggests that HDB upgraders and investors alike have been enticed by the more palatable price quantum of these smaller unit types.
If you have any queries about property investment, do not hesitate to reach out to me for an obligation-free consultation. With almost 30 years of experience in banking, investment and market analysis, I now find immense pleasure helping others in property investment and asset progression. With almost 30 years of experience in banking, investment and market analysis, I now find immense pleasure in helping others in property investment and asset progression. As can be seen, buyers are not resistant to paying a premium for integrated developments. Selected buildings with historical value will be re-purposed for suitable uses to help rejuvenate the precinct. This will further enhance living standards and the desirability of setting up a home in the North Region.
It will also be ideal for those looking to rent out their spare room while enjoying a little more privacy. GuocoLand has been listed on the Singapore Exchange since 1978 and is a premier regional property company with operations in Singapore, Malaysia, Vietnam and China. In the latter, it has developed a sizeable portfolio of properties across major cities in Beijing, Shanghai, Nanjing and Tianjin.
With growing interests living close to nature and away from the hustle and bustle of modern living, this will be an added attraction to buyers. Lentor Modern will enjoy vast tracts of greenery with the future development of Hillock Park and Linear Park just a stone’s throw away. For those who drive, the Lentor Modern condo enjoys convenient access to many arterial roads and expressways such as the Seletar (SLE) and Central (CTE) Expressways, as well as the North-South Corridor (NSC).
This is unsurprising amid the high prices of Certificate of Entitlement (COE) for cars which have exceeded $100,000. Prior to the sale of the Lentor Modern site, a parcel at Tanah Merah Kechil was sold at $930 psf ppr in November 2020. Thereafter, the Ang Mo Kio Avenue 1 GLS was sold at S$1,052 psf ppr in June 2021. This was followed by the Diary Farm Walk site that was sold at $980 psf ppr in March this year. Although these post-launched developments may be attractive alternatives, the inventory of unsold units is extremely low.
Together with the Lentor Hills Road (Parcel B), Lentor Central and Lentor Gardens sites, they are expected to yield an additional 1,860 units (estimated). Additional services such as medical escort, community rehabilitation and transport are available with additional charges.
As this is part of a new town, I’d really pay attention to how the project integrates with its surroundings and its unique value for the future resale potential. A redevelopment of 1 of Singapore’s most Iconic Office Buildings, this will likely be the first residential launch since URA announced its CBD incentive scheme. Guocoland is planning something really special for the area and buyers may want to learn more before deciding which project is their preferred choice.