GuocoLand’s Lentor Modern and Midtown Modern fully sold

The project will make up five 25-storey towers with 941 units, consisting of a section of the original Upper Thomson Middle school that will certainly be saved and adjusted for household use. It will also have covered access to Springleaf MRT Stop on the TEL.

Lentor Modern is a 99-year leasehold property comprising three 25-storey housing high rises with an overall of 605 houses. The towers sit on top of 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 center, and F&B and retail offerings. The project will be integrated with Lentor MRT Terminal on the Thomson-East Coast Line (TEL).

She adds: “We expect the launch of Lentor Central Residences to be met with strong interest due to its distance to our Lentor Modern shopping mall which is directly connected to the Lentor MRT terminal on the Thomson-East Coast Line”.

Lentor Central Residences, a future project by GuocoLand, Hong Leong Holdings and CSC Land Group (Singapore), is targeted for launch in 1Q2025. The apartment consists of 477 units across two high-rise blocks.

Cuscaden Reserve condo

The 533-unit Lentor Mansion, established by GuocoLand and Hong Leong Holdings, was launched last March, with 75% sales attained throughout the very first 2 days of release. The project is now 97% sold with short of 20 units remaining available, GuocoLand shares.

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

In addition to Lentor Modern, GuocoLand is creating three additional ventures in the estate with its joint venture partners. In July 2023, the property developer, along with Hong Leong Holdings and TID, released the 598-unit Lentor Hills Residences. The project has actually marketed 99% of units to day at a standard cost of approximately $2,099 psf, based upon caveats lodged.

Meanwhile, units at the 558-unit Midtown Modern, positioned on Tan Quee Lan Road, brought a fair rate of about $2,825 psf. The 99-year leasehold apartment, which is part of the Guoco Midtown mixed-use property development, was initially released offer for sale in March 2021.

Cautions on URA’s Realis data source display that the last unit marketed at Lentorn Modern was a 1,130 sq ft, three-bedroom unit that brought $2.4 million ($2,126 psf) on Jan 19. Residences at Lentor Modern first launched for sale in September 2022. This suggests that the condo unit has been totally occupied in less than 2 1/2 years ever since sales bookings started. Based on caveats, the project accomplished a common market price of approximately $2,107 psf.

Not far away, the upcoming development at the Upper Thomson Road (Parcel B) site is intended for debut in the 2nd part of the year, GuocoLand declares. The property developer, together with Hong Leong Holdings, was rewarded the Government Land Sales (GLS) plot last April after the joint venture associates 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.

The last unit at Lentor Modern, GuocoLand’s incorporated project in the Lentor Hills estate, has already been offered, which means that the 605-unit venture is currently completely occupied. The achievement comes on the behind Midtown Modern, which was also fully sold since last December, GuocoLand shares in a Jan 27 notice.

“The response to Lentor Modern and our other projects in the Lentor Hills estate highlights the strong demand for high quality costs residences in the location,” claims Dora Chng, housing supervisor of GuocoLand.

Lentor Modern was the first property to be kicked off in the Lentor Hills estate. It saw a strong feedback upon launch, with the property garnering a take-up rate of 84% on launch day.


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