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Lentoria Artists Impression 7

TID sells 50 units or 19% of Lentoria project at launch, at S$2,120 psf average

During the launch weekend on March 2 and 3, TID successfully sold 50 units of its Lentoria project, accounting for 19% of the development, with prices starting at S$1,958 per square foot (psf). Notably, over 70% of the sold units were two and three-bedroom configurations ranging from 700 sq ft to 1,119 sq ft. Lentoria, situated in District 26, is the fourth new launch in the Lentor area, part of the Lentor Hills estate, developed by TID, a joint venture between Hong Leong Group and Mitsui Fudosan.

Prospective buyers were attracted by the project’s plan to serve its notice of vacant possession by July 2027. The overall average price for the units was S$2,120 psf. Despite the successful sales, the take-up rate of 18.7% is noted as the lowest among the Lentor Hills estate projects launched so far.

Lentoria’s unique selling points include not being bound by the typical pre-fabricated pre-finished volumetric construction method, providing homeowners with the flexibility to modify internal layouts according to their preferences. The Lentor area has witnessed several recent launches, including Lentor Modern, Lentor Hills Residences, and Hillock Green. Analysts suggest that the slower sales at Lentoria might be indicative of a potential saturation point in condo sales within the Lentor area. ERA CEO Marcus Chu emphasized that homebuyers in the region often take their time comparing different offerings before making a purchase, especially when buying for personal residence purposes. Lentoria stands out as an appealing option for those seeking smaller and more exclusive projects in the area. GuocoLand’s ongoing previews of Lentor Mansion, the latest project in Lentor Hills, suggest a continuous trend of condominium launches in the region.

The Business Times

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