Lentor Modern land cost of $1,204/square foot per ppr and will be launching at around $2,2xx per square foot
Lentor Modern situated in the North Region of Singapore, close to Lentor Drive along with Yio Chu Kang Road. It is situated within Thomson, Ang Mo Kio, Yio Chu Kang, Thomson area. It is the location of the site which covers a total of of 185,139 square foot and is set to become an open-air project that will comprise around 605 residents, in addition of 86.100 acres of commercial area.
Spaces that are private allow you to be in the moment and enjoy peace and calm. It's a feature that is evident everywhere.
Lentor Modern Condo Lentor Modern Condo Lentor Central project will comprise three 25-story blocks that will include around 600 housing homes. Every block is expected to come with a an expansive sky terrace that could double in size. The first floor will contain 9,66,000 sq feet of commercial, F&B along with retail. This includes supermarkets, as well as more than 10,000 square feet of childcare facilities for children.
Developer of Lentor Modern
Lentor Modern Guocoland is included as an entity as a business in the Singapore Exchange since 1978. It is a prominent regional property company that operates throughout Singapore, Malaysia, Vietnam and China. The company is located in China it has built huge collection of properties in major cities such as Beijing, Shanghai, Nanjing and Tianjin.
The year 2017 was the first time the company widened its business by opening offices across Australia, the United Kingdom and Australia through the partnership and Eco World Development Group Berhad.
The main business areas comprise property construction, property investments, operations for hotels, and property management. The portfolio of the company comprises commercial and residential hotels and hotel retail integrated commercial and retail projects throughout regions.
In Singapore, the City of Singapore, GuocoLand has successfully created a variety of luxurious commercial and residential projects. This includes the Wallich Residence Guoco Midtown and Guoco Midtown and the most popular Guoco Tower and Guoco Tower, a five star corporate hotel Sofitel Singapore City Centre.
What are the reasons you Should Invest In Lentor Modern?
- A trusted Developer with an impressive track record of shifting neighborhoods
- Condos in the area are not included in the launches in the area.
- The site is situated in a peaceful neighborhood comprised of private land as well as low-rise homes.
- Great transport connectivity
- Natural reserves safeguard nature parks
- Near popular schools
- It is possible to find many leisure and lifestyle amenities
- The shift within the North Region offers the promise of an investment opportunity that could be profitable
- The thrilling revamp of Sembawang Shipyard close by into an area of water
The Lentor Central site was launched to bid on 15thApril2021. The tender closed on the 22nd of July 2021. GLL D. Ltd which is an affiliate of GuocoLand being awarded Lentor Central as the site by the company with the best bid, which was $784.1 million. The bid was nine total which indicates the huge degree of interest by developers looking to fill their landbanks that are shrinking.
The price is land cost of $1204/square foot for percent. Therefore, it is expected to go live with a price of around $2,2xx for each sq ft.
On the 25th of January 2022 A joint venture made up consisting of Intrepid Investments, GuocoLand, and TID Residential has won the auction for Lentor Hills Road Parcels A with the maximum amount for S$586.6 million. The site is situated near Lentor Modern and is separated into two by Lentor Central Road.
The property has an approximate value for land of S$1,060 for every square foot of property in an acre. Based on the area of 184,460 square feet and an approximate gross floor (GFA) 553-383 square feet The property is expected to produce 595 homes for residential use.
The cost of land being lower and the cost being lower for land and the development that is being initiated on Parcel A is expected to begin at a cost of $1,9xx for every square feet. If this is an investment that is worth the price or not depends on the particulars of the scenario.
Lentor MRT Station
Lentor MRT, which is situated on the Thomson-East Coast Line (TEL) was officially opened in August 2021. This TEL will be built through five different phases. The first phase includes Lentor station located in the second phase. The second phase is comprised of five stations: Springleaf, Mayflower, Bright Hill, Upper Thomson and Caldecott.
To the North, only three stops from Lentor towards the north are The Woodlands interchange. It's a hub for transport and one of the largest of its type in Singapore. The nearby amenities are Woodlands Civic Centre, Causeway Point Shopping Mall, Woods Square, Woodlands Civic Centre and Woodlands Regional Library. Woodlands Regional Library.
One station is located within Woodlands One station located in Woodlands comprises Woodlands North that is expected to be integrated with Woodlands North and will integrate into Woodlands North and will be integrated into Woodlands North. The latter will be connected to the Rail Transit System (RTS) which will offer the direct connection between Singapore and Johor. This RTS is scheduled to be complete by the 2026's end . It will form an important portion of the changes that are taking place in the Singapore's North Region.