Lentor Modern is a 99-year leasehold mixed use that is being developed by GuocoLand. The property is situated in the Lentor Hills estate The Lentor Central parcel of land is being reserved for residential development with retail space of around 8000 sqm located on the ground floor.
When completed, the condominium could produce around 605 units over an apartment building of 25 stories. The condo is situated in a predominantly land-based housing zone in Thomson the people living at Lentor Modern can enjoy unblocked views of the surrounding greenery as well as the proximity of nature parks.
Lentor Modern developer competed with 8 interested bidders Guocoland was granted the land sale by the government (GLS) tender for Lentor Central, with its winning bid of $784.1 million that is 4.5 percent higher than the second highest bid of $750 million.
A development that is transit-oriented A transit-oriented development, the Lentor Central construction project would be directly linked to the Lentor Central MRT Station, giving residents quick connection the Orchard Road, Woodlands Regional Centre and East Coast once the Thomson-East Coast Line (TEL) is completed.
The region is also connected to the planned North-South Corridor (NSC), an important arterial road that could offer Lentor Central residents with new public transportation services towards those in the North, South, CBD and East of Singapore.
For shopping and dining homeowners can avail eating out and shopping at the F&B and retail spaces, which include grocery stores and child care facilities located on the first level of the condo.
If there’s still not enough residents can also take just 9 minutes towards Thomson Plaza or Ang Mo Kio Hub, where there are supermarkets as well as numerous F&B outlets cater to residents of the area’s needs.
Residents can also have a variety of meals at the eateries and restaurants that are located in the shops on Upper Thomson Road. If you are looking for hawker cuisine, Mayflower Market & Food Centre and Sembawang Hills Food Centre are just 5 minutes away.
Since Lentor Central is envisioned as an urban area for pedestrians that is surrounded by lush greenery, residents will have the opportunity to take advantage of recreational spaces like the new Hillock Park and Linear Park.
The property is just a six-minute drive of Thomson Nature Park, which is rich in cultural heritage as it is the site of the former Hainan village. It is also the home of a wide species of aquatic and terrestrial animals.
A variety of both prestigious and neighborhood schools are situated within Lentor Modern offering parents with children a greater choice of education options.
The schools of education include Anderson Primary School, CHIJ Saint Nicholas Girls school, Catholic High School, Raffles Institution, Mayflower Primary and Secondary School, Ang Mo Kio Primary School and Secondary School, and Peirce Secondary School.
There is a dearth of new launches and a decreasing number of private homes in the suburbs The Lentor Central project is welcomed addition to the area since the last development in the Lentor-Yiochu neighborhood was Meadows @ Peirce , which was launched in 2009.
Lentor Modern will appeal to homeowners and HDB upgraders seeking private residences in a peaceful area outside Central Region (OCR).
This is equivalent to $1,204 per square foot per square foot over the gross floor area (GFA) in the 60,480 square meters and setting an all-time record for OCR prices for land.
In comparison against the bid that won $1,118 per share from the Ang Mo Kio Ave 1 GLS tender , which closed in May of this year. Lentor Central’s winning bid was 7.7% higher, and could result in a possible selling price of $1,950 up to $2,000 per per sf.
The second highest bid came from an Intrepid Investments Hong Realty and TID Residential (Hong Leong Group Singapore) The most affordable bidder was Sim Lian Land with an offer of $590 million.
Established in 1976, GuocoLand is a top regional property company that has an extensive portfolio of commercial, residential, hospitality retail and integrated developments spread all over Singapore, Malaysia and China.
In the local area, GuocoLand has developed notable residential developments, including its most famous Guoco Tower in Tanjong Pagar that combines a lively mixture of residential, commercial shopping, hotel and urban park elements; luxury residences located at Wallich Residence and the five-star corporate hotel Sofitel Singapore City Center.
The architect and master planner of Guoco Tower is Skidmore, Owings & Merrill among the top interior design, architectural engineering, urban planning and engineering practices that is currently in use. It’s also the designer of the famous Burj Khalifa, located in Dubai as well as the Deutsche Bank Center in New York.
Lentor Modern is a serene home for those who wish to get away from the bustle and hustle of the city’s centre. Since Lentor Central is surrounded by low-rise property the residents of the property are able to enjoy endless views of natural reserves.
After you have the Thomson East Coast Line and North South Corridor are completed The CBD as well as the Orchard Road shopping belt will be accessible in less than 30 minutes. Since the building is directly connected to the Lentor Stations of the MRT, Singaporeans are able to quickly travel to different areas of Singapore for work and leisure.
The abundance of renowned and nearby schools within a five10 -minute drive make Lentor Central an ideal home for families with children in school.
Residents can take advantage of the practical amenities available in the commercial area on the first floor, which houses an ice cream shop and childcare facilities.
It will also function as a’catchment’ area as well as a pitstop for residents of The Lentor Hills community, workers at the close-by Tagore Industrial Estate, and those who want to visit Thomson Nature Park. Thomson Nature Park, bringing an array of shoppers during the week.
Due to the pent-up demand and a decreasing supply of the private properties within Lentor Central, due to the soaring demand and decreasing supply of private properties in OCR zone, the condominium unit located in Lentor Central is ideal for homeowners, investors, and HDB upgraders seeking to buy property that can appreciate in the years ahead.