GuocoLand’s Lentor Modern and Midtown Modern fully sold

The development is going to comprise five 25-storey high rises with 941 units, consisting of a section of the initial Upper Thomson Middle school that will certainly be preserved and adjusted for non commercial usage. It will also have covered access to Springleaf MRT Station on the TEL.

Along with Lentor Modern, GuocoLand is developing three other projects in the estate with its joint project companions. In July 2023, the property developer, along with Hong Leong Holdings and TID, released the 598-unit Lentor Hills Residences. The undertaking has actually marketed 99% of units to date at a standard rate of about $2,099 psf, based upon caveats lodged.

“The response to Lentor Modern and our other property developments in the Lentor Hills estate highlights the strong need for high quality premium houses in the area,” says Dora Chng, housing director of GuocoLand.

In its press release, GuocoLand says that the shopping center is currently “more than 50%” rented, involving to anchor lessees CS Fresh and ChildFirst.

The 533-unit Lentor Mansion, created by GuocoLand and Hong Leong Holdings, was introduced last March, with 75% sales attained throughout the initial 2 days of open. The plan is now 97% marketed with less than 20 units remaining offered, GuocoLand shares.

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

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

She includes: “We anticipate the launch of Lentor Central Residences to be met with solid attention as a result of its closeness to our Lentor Modern mall which is directly linked to the Lentor MRT station on the Thomson-East Coast Line”.

Lentor Central Residences, a forthcoming development by GuocoLand, Hong Leong Holdings and CSC Land Group (Singapore), is targeted for release in 1Q2025. The condo consists of 477 units throughout two high-rise blocks.

Caveats on URA’s Realis database show that the last unit offered at Lentorn Modern was a 1,130 sq ft, three-bedroom unit which brought $2.4 million ($2,126 psf) on Jan 19. Homes at Lentor Modern first started for business in September 2022. This means that the flat has been totally occupied in no more than 2 1/2 years ever since sales reservations started. Based on cautions, the project accomplished a standard asking price of about $2,107 psf.

Union Square Residences floor plan

The final unit at Lentor Modern, GuocoLand’s incorporated development in the Lentor Hills estate, has been marketed, which implies that the 605-unit venture is currently totally taken up. The success takes place the back of Midtown Modern, which was also completely sold off since last December, GuocoLand shares in a Jan 27 press release.

Lentor Modern is a 99-year leasehold project making up 3 25-storey residential towers with a total of 605 flats. The towers administer a 96,000 sq ft shopping mall that are going to incorporate a 12,000 sq ft grocery store, a 10,000 sq ft child care centre, and F&B and retail services. The development will be incorporated with Lentor MRT Terminal on the Thomson-East Coast Line (TEL).

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 awarded the Government Land Sales (GLS) plot last April after the joint venture associates submitted the sold proposal of $779.6 million for the 344,700 sq ft, 99-year leasehold site, showing a land rate of $905 psf per plot ratio.


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