Lentor Modern

Lentor Modern is a 99-year site launched through the 1st half 2021 government land sale (GLS) programme. On Thur 29 Jul 2021, GLL D Pte Ltd (an indirect subsidiary of GuocoLand) was awarded the tender for this Lentor Central GLS site. Tender received nine bids.

The bid submitted by GLL D is S$784.1 mil or S$1,204 per square foot per plot ratio (psf ppr).

The plot is 17,279.9 m2 / 186,001 sqft in size, with a plot ratio of 3.5 and a maximum gross floor area of 60,480 m2 / 651,003.5 sqft. The site will be developed for private housing with a commercial component on the first floor. The Lentor Modern is envisaged to launch in the 2nd half of 2022.

A tender for the site was first released by URA on 15 Apr 2021. This bid closed on 22 Jul 2021.

LENTOR CENTRAL GLS SITE BIDS:

GuocoLand is owned by Malaysia’s tycoon Quek Leng Chan’s Hong Leong Group. Their bid at S$1,204 is 4.5% higher than the second-highest bid of S$750 million at S$1,152 psf ppr submitted by a consortium comprising Hong Realty, TID Residential and Intrepid Investments. Kwek Leng Beng, who is Mr Quek Leng Chan’s cousin, leads the Hong Leong Group Singapore, which includes the trio.

There are plans to develop the Lentor Central GLS site into a 25-storey mixed-use development with around 605 residential apartments and first-level commercial. In addition to F&B and retail outlets, there will be a supermarket and childcare facilities measuring 10,000 square feet.

As a result of the buoyant HDB resale market, there will be more HDB upgraders considering Lentor Modern to be possibly one of their options. Besides, there are fewer mass market new condo launches in 2022 so a pent-up demand in Lentor is expected. The last new condominium launch was the 421-unit The Calrose in the year 2005.

Any enquiries, please call our hotline: +65 61002500 | Return to HOME | CENTRAL NORTH (TOA PAYOH, BISHAN)

From the map, it is evident that on the whole, prices have risen through the years. In District 26 where Lentor Modern Singapore is located, there has not been a new condo launch since the last development, The Calrose, was launched in 2005. This is a good 17 years and during this time, The Calrose rose 145% in price since its TOP in 2007.

In the neighbouring district 20, The Panorama which obtained its TOP in 2017 is a 500m walk to the Mayflower MRT station (Thomson-East Coast Line TE6). The average psf for the past one year from 2021 Q2 to 2022 Q1 is already at $1546 psf. With Lentor Modern new condo located just adjacent to the Lentor MRT station (Thomson-East Coast Line TE5) and it being a mixed-development with commercial components offering F&B and retail options, what should the price be?

Location:

Lentor Modern is located adjacent to the Thomson-East Coast Line’s Lentor MRT station. Lentor MRT station started its operation on 28 August 2021 which will bring residents staying at Lentor Modern mixed-use new launch development to Caldecott, Bukit Timah, Orchard, Outram, Marina Bay and eventually to the eastern part of Singapore by year 2024.

Educational Institutions:

Some of the best schools in the area include Ai Tong School, Chinese High School, Raffles Institution, Raffles Girls’ School, and CHIJ St Nicholas Girls’ School.

Amenities:

The Lentor Modern Singapore condo is situated near a number of green lungs, including Bishan and Thomson Nature Parks, Lower Peirce Reservoir Park, Lower and Upper Seletar Reservoir Parks. This makes the site an attractive choice for residents of the Thomson area.

(Sizes subject to change)

Lentor Modern Developer: GuocoLand

COMING SOON

Why Lentor Modern is a Must-Buy:

• √ ESTABLISHED DEVELOPER: Owns one of the largest land banks in Singapore
• √ NEXT LANDED ENCLAVE: Good view overlooking the landed properties
• √ FIRST MOVER ADVANTAGE: After 17 years since the last launch in this district comes this new launch
• √ ADJACENT TO MRT STATION: Stroll to the Lentor MRT station (Thomson-East Coast Line TE5)
• √ MIXED-USE DEVELOPMENT: Comes with commercial components adding convenience to residents

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COMING SOON

NEW SINGAPORE CONDO LAUNCH IN THE NORTH:

• The Watergardens At Canberra