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September 13, 2023

Injecting More Vibrancy Into Lentor Estate

Wong Siew Ying

Head of Research and Content

By now, many home buyers will be familiar with the up and coming Lentor estate, with some new projects – such as Lentor Modern, and Lentor Hills Residences – having been launched for sale in the neighbourhood.

These projects have been well-received by buyers and soon, another new development will be added to the mix in the Lentor estate. A 1.47-hectare site in Lentor Central which can potentially yield 475 new residential units have been put up for tender under the Government Land Sales (GLS) programme for the first half of 2023.

In a tender which closed on 12 September 2023, the Lentor Central plot garnered 2 bids, with the top bid tabled by a joint venture between Intrepid Investments, GuocoLand and CSC Land Group at $435.17 million (equivalent to a land rate of about $982 psf per plot ratio). It is the sixth GLS site to be launched for tender in the Lentor area since 2021.

Brand-new private residential enclave
The Lentor Hills estate is poised to be transformed with more housing and amenities set to be introduced in this charming residential enclave. This area has long been regarded as a serene private landed residential enclave, that provides a tranquil living environment and privacy for its residents.

The very first GLS site to be awarded in Lentor was a Residential with Commercial at first storey plot that is connected to the Lentor MRT station on the Thomson-East Coast Line (TEL). The site was launched for sale as an integrated development Lentor Modern in September 2022. When completed Lentor Modern will have 96,000 sq ft of retail space, which will serve future residents living in the Lentor estate.

The latest Lentor Central site that is tendered for is one of the closest to Lentor Modern and the Lentor MRT station, compared to a few other GLS plots in the area. This means that F&B and retail offerings as well as convenient transport connectivity are mere minutes’ walk from the upcoming project.

Buying into a brand-new housing area is exciting as it provides opportunities to build a sense of community with new neighbours, and to enjoy a new living environment, including the Lentor HillLock Park in the future. The government has envisioned Lentor Hills as a tranquil, lush and pedestrian-friendly estate, with lots of greenery and spaces for people to gather.

Nature, amenities and schools
Future residents at the upcoming Lentor Central project can enjoy a stroll in the Lentor Hillock Park at its doorstep, or take a hike to Thomson Nature Park or further up to the Lower Seletar Reservoir Park via the future Linear Park. Nature is never far from home as developments in Lentor Hills are linked by ‘green finger’ extending from the future Hillock Park. There are also cycling paths that offer seamless connectivity to Ang Mo Kio, and beyond.

Apart from commercial offerings at the nearby Lentor Modern, there are also dinning and retail options at the Ang Mo Kio 628 Market, AMK Hub, as well as F&B outlets along Upper Thomson Road and Teachers’ Estate. In addition, the Orchard Road shopping belt is also a short drive from the project.

Couples who have young children or those planning to start a family may be keen on this Lentor project as it is near a number of schools, including the Anderson Primary, Mayflower 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.

Connectivity
The Lentor Central site is within walking distance to the Lentor MRT station. The TEL takes residents to Woodlands in the North and down to the city centre, as well as eastern Singapore when the entire rail line is completed. Commercial areas such as Orchard Road and Shenton Way are less than 30 minutes’ train ride from the Lentor MRT station.

The TEL is also connected to several interchange stations – Woodlands, Caldecott, Stevens, Orchard, Outram Park, Marina Bay – offering easy access to other train lines and improving connectivity. In addition, the Lentor area is well-served by major roads such as Yio Chu Kang Road, Ang Mo Kio Avenue 5, and Lentor Avenue, leading to the Seletar Expressway and the Central Expressway.

About the developer
GuocoLand is an award-winning developer firm with a diversified portfolio comprising residential, hospitality, commercial, retail and integrated developments spanning across the region. GuocoLand has been awarded with a number of accolades both locally and internationally, in recognition for its quality, innovative developments and commitment to business excellence. In Singapore, the Group has successfully developed 36 residential projects yielding approximately 11,000 apartments and homes. Some of its most recent projects include Midtown Modern, Midtown Bay, Wallich Residences, Meyer Mansion, Martin Modern, Leedon Residences, and Goodwood Residences.

Intrepid Investments is a subsidiary firm of Hong Leong Holdings. Hong Leong Holdings was formed in 1968 as Hong Leong Group's privately held property investment and property holding vehicle. It has since established itself as a major player in the property market, making it one of the most sought-after providers of a comfortable home. To date, it manages eight commercial projects and has developed close to 100 residential properties, including a range of mid- to high-end residential projects such as Penrose, Midwood, The Avenir, Sage, The Tate Residences.

Meanwhile, CSC Land – a member of the China State Construction Engineering Corporation (CSCEC) – has a wealth of experience in residential development in Singapore. Some of its notable projects include Twin Vew, Parc Greenwich, and Verdale.

Disclaimer:
While every reasonable care is taken to ensure the accuracy of information printed or presented here, no responsibility can be accepted for any loss or inconvenience caused by any error or omission. The ideas, suggestions, general principles, examples and other information presented here are for reference and educational purposes only.

This information contained herein is not in any way intended to provide investment, regulatory or legal advice or recommendations to buy, sell or lease properties or any form of property investment. PropNex shall have no liability for any loss or expense whatsoever, relating to any decisions made by the audience.

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