The transformation and rejuvenation of Lentor Hills continues with more residential projects set to be introduced soon. Two new developments have been planned in Lentor Central and Lentor Hills Road (Parcel B). These two sites were successfully tendered in September 2022 and will form part of the new Lentor Hills estate.
Situated opposite the mixed-used Lentor Modern project, the second upcoming development in Lentor Central will sit on a 99-year leasehold site which spans 1.34 hectare and could potentially yield 470 residential units. The plot fetched a top bid of $481 million in the Government Land Sale tender from a 3-way joint venture between Forsea Residence (entity under China Communications Construction Company), Soilbuild Group Holdings and UED Alpha (entity under United Engineers Limited, a subsidiary of Yanlord Group). The top bid price works out to a land rate of $1,108 per square foot per plot ratio (psf ppr), which is 8% lower than the land rate of Lentor Modern (at $1,204 psf ppr) that were sold earlier.
It is estimated that the four Lentor sites can add about 1,900 new residential units to the neighbourhood. Given the pent-up demand for new homes in the Outside Central Region (OCR) by HDB upgraders and owner-occupiers, these upcoming projects will likely see favourable response from buyers. As at the end of Q2 2022, there were 4,386 unsold new private homes (ex. Executive Condos) in the OCR – among the lowest unsold stock on record.
The new Lentor Hills estate is planned around an existing hillock and the residential projects are all located within walking distance to the Lentor MRT station on the Thomson-East Coast Line (TEL). In particular, the Lentor Central project will be among the closest to the train station. Future residents will be able to get to the Lentor MRT station by heading across the road to Lentor Modern, which is linked to the MRT station.
Commuting will be a breeze, with the TEL connecting to three existing MRT lines – the North-South Line (NSL), the Circle Line (CCL), and Downtown Line (DTL) and the future Cross Island Line (CRL) all within a few stops from Lentor MRT station. For instance, the Woodlands interchange MRT station on the NSL is three stops away, the Caldecott MRT station on the Circle Line is four stops away, and the Botanic Gardens MRT station on the DTL is five stops away. Meanwhile, the Lentor station is only two stops from Bright Hill which will connect to the future CRL.
Envisioned as a tranquil, lush and pedestrian-friendly estate, Lentor Hills features parks and commercial amenities that will not only serve residents in the immediate area, but also those in the nearby Teachers’ Estate. Future residents at the Lentor Central development can enjoy a stroll in the Lentor Hillock Park at its doorstep, or if they are up for it, all the way to Thomson Nature Park or Lower Seletar Reservoir Park via the upcoming Linear Park. For the avid cyclists, there are also cycling paths that offer seamless connectivity to Ang Mo Kio, and a denser network of such paths in the future will further enhance inter-town bike trips.
Whether it is picking up groceries or eating out, there are plenty of options nearby, including the commercial offerings at Lentor Modern next door or the neighbour centres in Ang Mo Kio, the AMK Hub, as well as F&B outlets along Upper Thomson Road. The Orchard Road shopping belt is also a short drive from the project.
Families with school-going kids will appreciate the fact that there are numerous schools in the vicinity, such as Anderson Primary, Ang Mo Kio Primary, CHIJ St. Nicholas Girls’ School, Mayflower Secondary, Yio Chu Kang Secondary, Presbyterian High School, Anderson Serangoon Junior College, and Nanyang Polytechnic.
The several employment nodes around Lentor Hills, they give residents more opportunities to work closer to home. Some of the present work areas include the Sindo Industrial Estate and Ang Mo Kio Industrial Parks 1 to 3. Further afield, there is the Seletar Aerospace Park as well as the phased development of Sengkang West Industrial Park. These employment hubs could also potentially deepen the leasing demand for homes in Lentor Hills in the future.
China Communications Construction Company Limited (known as CCCC) is a leading global comprehensive service provider of ultra-large infrastructure, mainly engaged in the investment, construction and operation of transportation infrastructure, equipment manufacturing, as well as real estate and urban development. CCCC has been in the business for more than 100 years, and provided products and services in more than 150 countries. CCCC is listed in Hong Kong and Shanghai. In 2021, the firm ranked 61st in Fortune global 500.
Soildbuild Group is a local property group with a successful track record of constructing, developing and managing a portfolio of residential and business space properties in Singapore. With over 41 years of experience, Soilbuild has completed a multitude of purpose-built business spaces occupied by MNCs and SMEs in various sectors. Soilbuild manages close to 4 million square feet of business space for lease, some properties under the group’s commercial portfolio, which includes Solaris @ one-north, Eightrium @ Changi Business Park, West Park BizCentral, several factories at Tuas Connection, B-Central in Bendemeer Road. Soilbuild has also previously developed a range of residential properties including Villa Martia, Mandale Heights, Pinnacle 16, Cliften, One Tree Hill Residence, The Centrio, Leonie Parc View and Meier Suites.
Founded in 1912, United Engineers Limited is one of Singapore’s pioneer companies that played an integral role in the country’s physical and economic transformation. Building on its engineering roots, the firm evolved into a corporation with several key business activities in property investment, hospitality, real estate development, engineering and manufacturing. United Engineers Limited’s property division has a diverse property development portfolio with a stable track record comprising residential, commercial, industrial, mixed-use and build-to-suit (BTS) projects in Singapore, Malaysia and China. Some of its local residential developments include Dairy Farm Residences, Ascentia Sky @ Alexandra View, Eight Riversuites @ Whampoa East, Kovan Melody @ Kovan Road. The group has also developed several commercial developments including Orchard Gateway, UE BizHub City, UE BizHub East, The Rochester, Rochester Mall and Park Avenue Rochester.
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September 7, 2022