HONG Leong Holdings, GuocoLand and CSC Land Group will start previews for their Lentor project, Lentor Central Residences, on Friday (Feb 21), with prices starting at S$975,000, or S$2,105 per square foot (psf).
The condominium on Lentor Hills Road will house 477 units in two high-rise blocks of 27 and 28 storeys each.
One-bedroom units of 463 square feet (sq ft) start at S$975,000 or S$2,105 psf; two-bedroom ones from 678 sq ft are priced from S$1.39 million (S$2,047 psf). Three-bedroom units from 915 sq ft start at S$1.81 million (S$1,981 psf). The four-bedroom apartments of 1,399 sq ft will cost from S$2.37 million (S$1,692 psf).
Lentor Central Residences stands on a 158,263 sq ft site acquired for S$982 per square foot per plot ratio (psf ppr) in a state land tender in September 2023.
The Hong Leong-led venture bagged the parcel at the lowest land rate recorded for the area since the government started selling sites in the estate in 2021; the previous five plots went for $985 to $1,204 psf ppr.
Betsy Chng, head of sales and marketing at Hong Leong Holdings, said that “the new Lentor Hills enclave is on the cusp of significant growth”.
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A total of six plots of land have been sold in the Lentor Hills area under the Government Land Sales (GLS) programme, and all parcels are 99-year leasehold ones. The tender for one more site in the area closes in April.
Of the six projects, five are being developed by Hong Leong, GuocoLand or TID, and one by Forsea Holdings, United Engineers Ltd (UEL) and Soilbuild Group.
Over the last six months, the median price for units sold in District 26, where the Lentor Hills projects are located, was S$2,208 psf, according to Realis data.
Lentor Central Residences will start booking sales on Mar 8, and is expected to be completed in 2028.
