As freehold land parcels are rare, investors are likely looking for enbloc opportunities for the long haul. Lentor Hills Parcel A, now known as Lentor Hills Residences, was sold to a joint venture consortium between Hong Leong Holdings Limited & Guocoland Limited for S$1,060 psf ppr in January 2022. Both developers have impressive portfolios, such as Wallich Residence, Martin Modern, Midtown Modern, The Avenir and Midwood. Interestingly, Lentor Hills Parcel B was sold in September 2022 to a joint venture between Hong Leong Group & Mitsui Fudosan (Asia) for S$1,130 psf ppr. Therefore, it may be good news for the resale market in the long run as prices are “controlled”.
Thomson Nature Park is a 7 mins drive away from Lentor Hills Residences, and the place is an ideal place for nature lovers and families who are looking forward to spend quality time together. This 50-hectare park has 5 trails, stretching up to 3.8km, that allows Lentor Hills Residences residents to do some bird watching, hiking and appreciating nature. What used to be a former Hainan Village, The Ruins and Figs Trails will give trekkers a chance to experience the highlights of the former village itself. AMK Hub and Thomson Plaza are some of the shopping malls that are close to Lentor Hills Residences.
However, an all-new, modern shopping mall and entertainment hub, the “Lentor Modern”, is all set to be built right next to Lentor Hills Residences. In addition to the amenities around the Lentor Hills Residences such as Ang Mo Kio Hub and Thomson Mall, the development itself offers several facilities. Ensuring a complete resort-like experience, you can find leisure facilities, basic necessities, and lifestyle amenities to uplift your living standards.
Judging by the lack of new launch supply currently, developers will have an insatiable demand for land plots. As such, prices are expected to be stable and will provide further price support for Lentor Modern going forward. Like the 3-bedroom unit, the 4-bedder also ranks on the upper end of the price range but it’s still behind several other new launches. Prices for the 4-bedder here is very similar to Residence Twenty-Two and Infini At East Coast, both located in the east and are not close to an MRT. For 3-bedroom new launches in the OCR, Sengkang Grand Residences comes pretty close. It’s also an integrated development that has been selling for some time now (it’s officially sold out).
This means those who invest in the area early will benefit from being a first-mover and have access to potential capital appreciation. The URA has already released two new residential sites at Lentor Hills Estate, with four land parcels either launched, under development or expected to be launched soon. This expansion of the area is sure to increase its popularity and make it an even more attractive investment option. Lentor Hills Residences is beautifully situated for living convenience in addition to the alluring surroundings.
Among these are Martin Modern, Goodwood Residence, Wallich Residence, Paterson Residence, Leedon Residence, Sophia Residence, Elliot at East Coast, and the upcoming Midtown Modern and Midtown Bay. Intrepid Investments (a unit of Hong Leong Holdings) teamed up with TID (a tie-up of Hong Leong and Mitsui Fudosan) and sister company GuocoLand for this venture. Perhaps because GuocoLand already has a stake in this upcoming estate, as they are developing Lentor Modern next door. After factoring in all the development costs, overheads, financing and marketing fees, the break even could be around $1,700 PSF. Hence it might tap demand from long-time residents in the area looking to downsize.
Lentor Hills Residences is located in one of Singapore’s upcoming estate at Lentor Hills Road of District 26. The new condominium is proudly developed by Guoccoland, Hong Leong Holdings Limited and TID Pte Ltd. The Lentor Hills Residences Condo is tucked in a serene environment of the Lentor central estate and surrounded by the lush greenery amongst many landed homes and private condominums. There are three more condominium projects in the pipeline for the Lentor Hills area, which were awarded through government land sale sites. These projects include two sites tendered in September 2022, acquired by Yanlord for S$1,108 psf per plot ratio and by Hong Leong and Mitsui Fudosan for S$1,130 psf per plot ratio.
The development offers a range of facilities for the enjoyment and convenience of their residents. There are also a plenty of green recreation spaces that will appeal to nature buffs and fitness enthusiasts. There is the nearby Lower Pierce Reservoir which presents charming views of the secondary forests, hiking trails and the tranquil boardwalk where visitors can seek respite from the hustle and bustle of urban living. Future upcoming park connectors in the area will link residents to Ang Mo Kio Town Garden West as well as the Bishan-Ang Mo Kio Park.
CHIJ St. Nicholas Girls’ School, Anderson Primary School and Mayflower Primary school are all within 1 to 2 km from Lentor Hills Residences, giving residences of the property priority admission to these schools. For secondary school students, there are also well-known secondary schools in the vicinity, including Presbyterian High School, Yio Chu Kang Secondary School and more. These schools offer unique curricula and activities that can help children to develop specific skills and interests. For residents who own a vehicle, the development offers fast and easy access to major roadways, including the Seletar Expressway.
With real estate investment and development as their core businesses, the Group has accumulated decades of rich experience in developing both commercial and residential projects spanning across the Asia, Australia and UK. One of their recent integrated projects in prime district 7, Midtown Modern, won 7 awards in various segments. The Lentor Hills Residences are located in close proximity to a number of commercial districts. There are a large number of retail businesses located within the malls, and these shops carry virtually every item that is required for daily life.