This initiative aims to foster community bonding and promote a sustainable lifestyle. Furthermore, the planned Cross Island Line (CRL), once operational, will further bolster Hillock Green connectivity. lentor residence price will value the convenience of having these renowned educational institutions within easy reach, without having the hassle of navigating through rush hour traffic.
It is known for its quiet and peaceful environment, surrounded by lush greenery and parks such as Lower Peirce Reservoir and Sembawang Hills Food Centre. Efforts will be made to increase green spaces within these residential precincts. New parks and park connectors will be developed, and existing ones will be enhanced.
With potentially lower land prices and hence, lower launch prices, these upcoming developments could pose more competition to Lentor Modern. This is especially so when all the four developments are located 350m or less from the Lentor MRT station. This can only benefit homebuyers who have witnessed escalating land prices in the last two years. With a land rate of $1,204 psf ppr, Lentor Modern condo is expected to set a new benchmark in District 26 with an expected average launch price of $2,2xx psf. But at the same time, the land parcel (known as Lentor Hills Parcel A for now) just opposite it was sold at a lower $1,060 psf ppr, which would translate to an expected launch price around $2,xxx psf. This could pose competition to Lentor Modern, and despite it being a purely residential development, it is a short walk from the MRT station.
Although there will be more private condos coming up (Lentor Hills Parcel A & Parcel B, Lentor Central, and Lentor Gardens), they won’t fully mitigate the supply crunch the property market is currently experiencing. Compared to District 26 (Upper Thomson/Springleaf), it has remained a rather “sleepy” housing estate and the Thomson-East Coast Line (TEL), which comprises of five stages, only started construction in 2014. So far, only Stage 1 and 2 stretching from Woodlands North to Caldecott have started operation in January and August 2021 respectively.
Lentor Hills Residences is a luxury private condominium sitting on a sprawling 17,130 square metres of land. This clearly illustrates that developments near or are integrated with MRT stations, like Lentor Modern, potentially offer a higher rate of capital appreciation. At such land rates, they are likely to be launched upward of $1,8xx psf minimally, which would become the new normal. Hence, Lentor Modern’s pricing from $2,2xx psf is something potential property investors or buyers will have to come to terms with. Although these post-launched developments may be attractive alternatives, the inventory of unsold units is extremely low. The other interesting places include the Senoko Food Hub and Senoko Fishery Port.
Get exclusive entry to showflat viewings, price lists, floor plans, and early bird discounts by registering your interest below. Making an investment in Lentor Hills Residences is not only a evidence of your highly refined taste but also a smart financial decision. With its strategic location and long term development potential, this outstanding project assures long-term value appreciation and a solid roi. With prices commencing at $945,000 for a one-bedroom unit, the Lentor Hills Residences bring affordable luxury to your doorstep. You can secure a two-bedroom unit for $1.356 million, a three-bedroom unit for $1.822 million, or a lavish four-bedroom for $2.535 million.
Buying Lentor Hills Residences is not only a testament to your refined taste but will also a smart financial decision. With its strategic location and near future development potential, this outstanding project assures long-term value appreciation and a stable roi. Situated in the beautiful Upper Thomson area, Lentor Hills Residences immerses residents within a serene oasis surrounded by lush greenery. Benefit from the soothing embrace of nature with nearby attractions like Lower Peirce Reservoir Park and Thomson Nature Park, best for outdoor enthusiasts and nature lovers alike. Find out the ultimate example of glamorous living at Lentor Hills Residences, an incredibly sought-after condominium development in District 26, Singapore.
On the contrary, District 26 could potentially offer a higher rate of capital appreciation as it is less “developed”, which will provide it with more room to play catch up with the other two districts. According to a recent survey by Edgeprop, many property buyers are willing to pay more for connectivity and conveniences, such as near an MRT station, supermarket and food choices. This is unsurprising amid the high prices of Certificate of Entitlement (COE) for cars which have exceeded $100,000. Meanwhile, let’s analyse the price performances of two mixed-use developments in nearby Yishun (District 27) – Nine Residences and North Park Residences. This can be seen from the recent land tenders for the Dunman Road and Pine Grove (Parcel A) sites that were sold at $1,350 psf ppr and $1,318 psf ppr respectively.