The market will see more HDB upgraders weighing Lentor Modern to be possibly one of their choices
Lentor Modern parcel is located in the Northern Region of Singapore, near Florissa Park, Lentor Drive and Yio Chu Kang Road, It is located within the boundaries of Ang Mo Kio, Thomson, Yishun, Sin Ming, Central Water Catchment and Bishan.
The offer made by GLLD GLLD. has been set at S$784.1 mil or S$1,204 for every square foot of plot proportion (psf or ppr).
It is believed that the Lentor Modern has an area of 17,279.9 square feet, or the equivalent of 186,001 square metres. The plot has a dimension ratio of 3.5 and a maximum net floor size of 60,480 square meters or 651,003.5 sq feet. The site is planned to be used to build private homes and commercial units on highest point. It is expected for the Lentor Modern is envisaged to start work in the 2nd quarter 2022.
The bid for buy the site was revealed through URA on April 15th 2021. The bid expired on the 22nd of July 2021.
It's the site with a total area of the area of 185,139 square feet . It's planned to transform into a mixed-use project which will comprise 605 dwellings along with an area of about 86,100 square foot for commercial. The parcel of land is situated within Lentor Modern is just 3 five minutes walk from the planned Lentor MRT Station, on Thomson East Coast Line (TEL).
Lentor Modern Condo is a only a stone's throw and is just five minutes of Lentor MRT Station. The residents of the Lentor Modern Condo will enjoy an easy and quick commute to the City area and other areas of Singapore through the public transportation system. The condo is two steps to Lentor MRT Station. It is scheduled to be completed in 2020. In the coming decades, Lentor residents will accessibility to Thomson East Coast Line and get a speedy and efficient journey to City region as well as other regions of Singapore by public transportation system. With the Thomson East Coast Line Thomson East Coast Line Thomson East Coast Line and the Thomson East Coast Line to come, future residents must go through seven stations before arriving at Orchard MRT Interchange. Orchard MRT Interchange which operates along with both the North South Line.
for food, shopping entertainment and leisure facilities, Lentor Modern Condo residents have access to Thomson Plaza where numerous retail establishments and eateries are available to cater to the needs of the residents. Additionally, residents can take an easy drive to Ang Mo Kio Hub located in Ang Mo Kio Town Centre. There are numerous restaurants located within the shops along Sembawang Road.
Local schools located close to the condo at Lentor Modern Condo include CHIJ Saint Nicholas Girls' school (Primary), Ai Tong School, Ang Mo Kio Primary School, Mayflower Primary School, Peirce Secondary School, Bishan Park Secondary School Mayflower Secondary School Saint Nicholas Girls' school (Secondary), Ang Mo Kio Secondary School as well as Yio Chu Kang Secondary School.
Services include: infinity pool spa lap pool fitness, the gym sundeck with yoga spa and barbecue pits, a clubhouse and a pool bar, the dining pavilion, outdoor area and reading cove, leisure gardens with a functional area as well as a walking trail, and other. From the beautiful gardens to the vibrant colors that adorn the streets, it is evident in all that takes place in the area. Every moment should be appreciated, thought about and treasured.
The most important selling points of Lentor Modern:
- It lies within the borders between Ang Mo Kio, Thomson, Yishun, Sin Ming, Central Water Catchment and Bishan.
- It encompasses the site area of 185,139 square feet and is being transformed into a mixed-use community with 600 homes and commercial area of 86,100 square feet.
- This land parcel is located at Lentor Modern Condo only 3 to 5 minutes walking distance to the new Lentor MRT Station, on Thomson East Coast Line (TEL).
- A luxurious residential site situated at Lentor Modern Condo. It is about 3-minutes walk to the new Lentor MRT Station
GuocoLand forms part of Malaysia's billionaire Quek Cheng's Hong Leong Group. The cost of their offer will be 4.5% higher than the second-highest bid of S$750 million. It will cost S$1,152 per sq ft , per ppr that is being made by a consortium comprised of Hong Realty, TID Residential and Intrepid Investments. Kwek Leng Beng, who is Quek the cousin of Leng Chan, is director of his own company which is Hong Leong Group Singapore. Hong Leong Group Singapore, comprised of three businesses.
Plans are being implemented to transform the Lentor Central GLS site to an open-air development with a 25-storey height that will include about 605 housing units and commercial first floors. Alongside F&B and retail shops and potential for a supermarket and a child care space of 10,000 square feet.
Because of the growing HDB resales market as well as the growing need for HDB resales and upgrades, the market will witness increasing numbers of HDB upgraders looking at Lentor Modern to be possibly one of their options. Additionally, there will be fewer large-scale launches of new condos by 2022. Therefore, an increase in demand for Lentor is anticipated. The most recent condo launch was 421 units at The Calrose in 2005.
The most prestigious schools in the region comprise Ai Tong School, Chinese High School, Raffles Institution, Raffles Girls' School and CHIJ St. Nicholas Girls School.
Lentor Modern Singapore condo Lentor Modern Singapore condo is situated close to a range of green lungs. These include Bishan and Thomson Nature Parks, Lower Peirce Reservoir Park, Lower and Upper Seletar Reservoir Parks. This is what makes this site an appealing choice for those living within the Thomson region.