He expects Parcel A could attract many bids from developers, and the top bid could even exceed the record high set by the nearby Lentor Central GLS site. As of August 2021, there are only two new condo projects in the area with unsold units. Amber Park has only 130 units left unsold while Coastline Residences has 26 units remaining, says Nicholas Mak, head of research and consultancy at ERA Realty. For an update on Lentor Modern condo or the other developments, please feel free to WhatsApp Us.
Lentor Modern will be planned around an existing hillock, which will feature new parks, seamless pedestrian and cycling connectivity between Teachers Estate and Lentor MRT station, as well as commercial amenities to serve the community. Lentor Hills Road (Parcel A) was sold to a consortium comprising Hong Leong Holdings, GuocoLand and TID and it is expected to yield about 595 units. Together with the Lentor Hills Road (Parcel B), Lentor Central and Lentor Gardens sites, they are expected to yield an additional 1,860 units (estimated). This site will be the first of five potential new Lentor residential projects to be developed. In addition, 182 (73.4%) of the 248 three-bedroom units, and over 50% of the 63 four-bedders were snapped up.
Although there will be more private condos coming up (Lentor Hills Parcel A & Parcel B, Lentor Central, and Lentor Gardens), they won’t fully mitigate the supply crunch the property market is currently experiencing. Although these post-launched developments may be attractive alternatives, the inventory of unsold units is extremely low. “Taken together, these transport connections will support and enhance the larger development plans to transform Woodlands into a key growth hub and thriving employment gateway for the North Region, just like Jurong and Tampines”.
Future residents can also expect to gain access to parks and hospitals nearby, ensuring that they can always stay in the pink of health. Both Lower Pierce Reservoir and Bishan-Ang Mo Kio Park are just 6 minutes away by car. The site received a somewhat subdued response from property developers, receiving only four bids compared to the usual 9 to 15 for private residential GLS tenders. Property watchers suggest that cooling measures have made property developers more cautious when choosing residential sites for land bank expansion.
And one further stop away is Stevens Station on the Downtown Line which traverses the entire Bukit Timah Road where many sought-after schools are located (more on this later). One station from Woodlands is Woodlands North, which will be integrated with the Rail Transit System (RTS) that provides a direct link between Singapore and Johor. The RTS is expected to be completed in end-2026 and is part of the exciting transformation of the North Region (more on this below). Level 4 Landscaping – A 200m-long water body is designed to mimick the Lentor stream that once flowed through the site. Resting terraces, pool alcoves, gardens, and pavilions are strategically positioned along the “stream”, which will include recreation pools and ponds.
The star studded property developer team will no doubt have big plans to develop this land in conjunction with amenities and facilities that will be sprouting up over the next decade. Buyers and investors can rest assured knowing that the land is in the good hands of developers with impressive track records. Schools in the area include Presbyterian High School, Anderson Primary School, and CHIJ St. Nicholas Girls School.
F&B and amenities around the site are located along Tanjong Katong Road and Parkway Parade shopping mall is close to the site. With lentor residence price of $1,204 psf ppr, Lentor Modern condo is expected to set a new benchmark in District 26 with an expected average launch price of $2,2xx psf. But at the same time, the land parcel (known as Lentor Hills Parcel A for now) just opposite it was sold at a lower $1,060 psf ppr, which would translate to an expected launch price around $2,xxx psf. This could pose competition to Lentor Modern, and despite it being a purely residential development, it is a short walk from the MRT station. With Woodlands set to become Singapore’s largest regional centre in the not-too-distant future, it will provide a good catchment of tenants.