GuocoLand’s Lentor Modern and Midtown Modern fully sold

The development will consist of five 25-storey towers with 941 units, including a portion of the original Upper Thomson Secondary School that will certainly be saved and conformed for residential usage. It is going to also have covered access to Springleaf MRT Terminal on the TEL.

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

Close by, the upcoming development at the Upper Thomson Road (Parcel B) site is targeted for release in the second half of the year, GuocoLand declares. The developer, along with Hong Leong Holdings, was awarded the Government Land Sales (GLS) plot last April after the joint venture partners submitted the sold quote of $779.6 million for the 344,700 sq ft, 99-year leasehold site, showing a land rate of $905 psf per plot ratio.

Meanwhile, units at the 558-unit Midtown Modern, located on Tan Quee Lan Road, brought an usual price of approximately $2,825 psf. The 99-year leasehold condo, which is part of the Guoco Midtown mixed-use development, was initially launched available in March 2021.

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

In addition to Lentor Modern, GuocoLand is creating three additional ventures in the estate with its joint venture companions. In July 2023, the property developer, together with Hong Leong Holdings and TID, introduced the 598-unit Lentor Hills Residences. The project has actually sold 99% of units to date at an average rate of around $2,099 psf, based upon caveats lodged.

Lentor Modern is a 99-year leasehold development consisting of three 25-storey non commercial towers with an overall of 605 homes. The towers sit on top of a 96,000 sq ft shopping mall that are going to include a 12,000 sq ft grocery store, a 10,000 sq ft childcare centre, and F&B and retail offerings. The development is going to be incorporated with Lentor MRT Stop on the Thomson-East Coast Line (TEL).

The 533-unit Lentor Mansion, developed by GuocoLand and Hong Leong Holdings, was released last March, with 75% sales achieved throughout the very first two days of release. The plan is now 97% offered with short of 20 units remaining available, GuocoLand states.

One Bernam floor plan

Cautions on URA’s Realis database show that the last unit sold at Lentorn Modern was a 1,130 sq ft, three-bedroom unit that obtained $2.4 million ($2,126 psf) on Jan 19. Residences at Lentor Modern initially started for business in September 2022. This suggests that the condominium has been totally occupied in less than 2 1/2 years ever since sales bookings commenced. Based upon caveats, the project achieved an average asking price of approximately $2,107 psf.

“The feedback to Lentor Modern and our various other developments in the Lentor Hills estate highlights the strong demand for quality costs residences in the location,” says Dora Chng, residence supervisor of GuocoLand.

Lentor Central Residences, a future development by GuocoLand, Hong Leong Holdings and CSC Land Group (Singapore), is targeted for launch in 1Q2025. The apartment consists of 477 units across 2 sky-high blocks.

Lentor Modern was the very first project to be started in the Lentor Hills estate. It saw a strong feedback upon launch, with the property gathering a take-up figure of 84% on launch day.

The final unit at Lentor Modern, GuocoLand’s incorporated development in the Lentor Hills estate, has been offered, which implies that the 605-unit project is at present completely taken up. The accomplishment takes place the behind Midtown Modern, that was also totally marketed as of last December, GuocoLand says in a Jan 27 news release.


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