GuocoLand’s Lentor Modern and Midtown Modern fully sold

Lentor Central Residences, an upcoming development by GuocoLand, Hong Leong Holdings and CSC Land Group (Singapore), is intended for release in 1Q2025. The condo comprises 477 units throughout 2 high-rise blocks.

Lentor Modern is a 99-year leasehold project comprising three 25-storey residential towers with a sum of 605 houses. The towers sit on top of a 96,000 sq ft mall that are going to include a 12,000 sq ft grocery store, a 10,000 sq ft childcare facility, and F&B and retail offerings. The development is going to be incorporated with Lentor MRT Stop on the Thomson-East Coast Line (TEL).

In its news release, GuocoLand states that the mall is presently “more than 50%” leased, including to anchor renters CS Fresh and ChildFirst.

The last unit at Lentor Modern, GuocoLand’s integrated project in the Lentor Hills estate, has been sold, which implies that the 605-unit project is currently completely taken on. The success comes on the back of Midtown Modern, that was also completely marketed as of last December, GuocoLand says in a Jan 27 notice.

The project is going to make up five 25-storey towers with 941 units, consisting of a part of the original Upper Thomson Middle school that will be saved and adjusted for residential usage. It will also have sheltered access to Springleaf MRT Station on the TEL.

Lentor Modern was the initial development to be kicked off in the Lentor Hills estate. It saw a solid response upon launch, with the project gathering a take-up figure of 84% on launch day.

The 533-unit Lentor Mansion, created by GuocoLand and Hong Leong Holdings, was released last March, with 75% sales accomplished throughout the initial 2 days of launch. The plan is now 97% marketed with lower than 20 units remaining out there, GuocoLand shares.

Close by, the upcoming property development at the Upper Thomson Road (Parcel B) site is intended for debut in the 2nd part of the year, GuocoLand says. The developer, along with Hong Leong Holdings, was rewarded the Government Land Sales (GLS) plot last April after the joint project partners submitted the offered proposal of $779.6 million for the 344,700 sq ft, 99-year leasehold site, mirroring a land price of $905 psf per plot ratio.

Newport Residences City Developments (CDL)

In addition to Lentor Modern, GuocoLand is developing 3 additional projects in the estate with its joint project partners. In July 2023, the property developer, together with Hong Leong Holdings and TID, launched the 598-unit Lentor Hills Residences. The venture has actually marketed 99% of units to date at an average cost of about $2,099 psf, based upon cautions lodged.

“The feedback to Lentor Modern and our various other developments in the Lentor Hills estate accentuate the strong demand for high quality premium houses in the area,” says Dora Chng, property supervisor of GuocoLand.

Cautions on URA’s Realis data source show that the last unit sold at Lentorn Modern was a 1,130 sq ft, three-bedroom unit which fetched $2.4 million ($2,126 psf) on Jan 19. Houses at Lentor Modern first started for business in September 2022. This implies that the flat has actually been completely taken up in no more than 2 1/2 years ever since sales reservations commenced. Based upon caveats, the project accomplished an average asking price of about $2,107 psf.

At the same time, units at the 558-unit Midtown Modern, located on Tan Quee Lan Street, brought an average cost of about $2,825 psf. The 99-year leasehold condo, which belongs to the Guoco Midtown mixed-use development, was first introduced available in March 2021.

She includes: “We anticipate the launch of Lentor Central Residences to be fulfilled with solid interest as a result of its closeness to our Lentor Modern shopping center which is directly attached to the Lentor MRT terminal on the Thomson-East Coast Line”.


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