The Lentor area in Singapore has been buzzing with real estate activity, with several new condominium projects launched in recent years. These include Lentor Modern, Lentor Hills Residences, Hillock Green, and the latest addition, Lentoria. The area is also set to welcome Lentor Mansion, a new project by GuocoLand, which is expected to be the largest in terms of land area to date.
Pricing Review:
Lentoria, the latest addition to the Lentor area, has garnered attention for its competitive pricing. Despite being the second highest bid among the six sites in the area, Lentoria offers a decent starting indicative price per square foot (PSF) compared to other developments. The 1-bedroom units may face stiff competition, but the 2-bedroom units present an opportunity for buyers to enter the Lentor area at previous prices.
Sales Performance:
During its launch weekend, Lentoria sold 50 units, which accounted for approximately 18.7% of the total units. The majority of buyers were interested in two and three-bedroom units, sized from 700 sq ft to 1,119 sq ft. The average price per square foot was $2,120.
Future Prospects:
The Lentor area is poised for further development, with Lentor Mansion set to bridge the space between Lentor Station and Teachers Estate. The area is expected to see the addition of more shops, eateries, and entertainment options over time. The completion of Lentor Modern in 2026 will further enhance the convenience of the area.
Conclusion:
The Lentor area has emerged as a hotspot for real estate activity in Singapore, with several new condominium projects launched in recent years. Lentoria, the latest addition, offers competitive pricing and has seen strong sales performance during its launch weekend. With Lentor Mansion set to further enhance the area's amenities and connectivity, the Lentor area presents an attractive investment opportunity for buyers.
Highlights:
- Lentor area in Singapore has seen several new condominium projects launched in recent years.
- Lentoria offers competitive pricing, with a decent starting indicative price per square foot.
- Lentoria sold 50 units during its launch weekend, with the majority of buyers interested in two and three-bedroom units.
- The Lentor area is set for further development, with Lentor Mansion expected to bridge the space between Lentor Station and Teachers Estate.
- The completion of Lentor Modern in 2026 will further enhance the convenience of the area.