LENTOR MODERN CONDOMINIUM
Mixed Development at Lentor Central MRT Station
Register VIP Preview . By GuocoLand
Register VIP Preview . By GuocoLand
Lentor Modern is an upcoming mixed development at Lentor Central, just beside, and integrated with Lentor MRT station.
It will comprise a commercial component that includes a supermarket, a childcare centre, F&B outlets and shops, with a residential component, the Lentor Modern condo. The developer is GuocoLand Limited, one of Singapore’s top real estate developers, with a reputation for quality.
Note: This is NOT an advertisement for sale. Project is pending approval.
Lentor Central, and Lentor Modern, sits within the new Lentor Hills Estate. This will be part of a peaceful neighbourhood of predominantly low to mid rise condominiums, and landed homes.
It is also close by to parks, reservoirs, and nature reserves. Hence residents will get unblocked open views over the landed enclave, as well as of greenery in the surrounding.
Lentor Modern Mixed Development . The Vision
GuocoLand will bring its signature expertise in mixed developments from city-centre projects like Wallich Residence, Midtown Bay, and Midtown Modern, to spearhead the transformation of the Lentor Hills area.
Mr Cheng Hsing Yao, GuocoLand Group’s Chief Executive Officer has set out their vision: “We are known to transform neighbourhoods, as can be seen in Tanjong Pagar and the upcoming Midtown area at Bugis-Beach Road. We see immense potential for this project to redefine the Lentor Hills area as an exciting residential and lifestyle destination.”
They will build a mixed-use development here, of three 25-storey towers housing roughly 600 apartments, with a double-volume sky terrace in each tower. At the ground level will be a podium block offering over 96,000 square feet of retail and commercial space.
As such, residents will enjoy the convenience of having not just a supermarket and child care facilities at their doorstep, but also a variety of shops and F&B joints.
The whole development will link seamlessly with Lentor MRT station at the eastern corner of the site. In fact connectivity to public transport is a strong point here.
URA envisions this area as a pedestrian-friendly neighbourhood amidst lush greenery. The layout of the estate will incorporate new parks and green spaces, with safe access for cyclists & pedestrians.
A network of arterial roads and expressways serve this area. Such as the Central (CTE) and Seletar Expressways (SLE), along with the upcoming North-South Corridor or NSC.
It is also within reach of various recreational venues. Like the future Hillock and Linear parks within the estate. Or the Yio Chu Kang Stadium & Sports Complex, the Lower Peirce Reservoir and Park, and Thomson Nature Park nearby.
GuocoLand is targeting to launch the Lentor Modern condo for sale in 2022. Analysts expect the response to be fairly good, given the attributes of the site and its sheer convenience, and lack of new housing supply in the neighbourhood.
The last new launch in the vicinity, that of The Calrose, was well over 15 years ago. There have been no new projects since The Calrose launched in 2005, and Nuovo (an executive condo) in 2001.
So there should be quite a bit of pent up demand from buyers. Some of this could come from the property owners of the surrounding landed housing estates, or their grown-up children. Or from HDB upgraders nearby, especially in the face of diminishing supply in the OCR (Outside Central Region) zone.
Register interest for updates or request details here.
Lentor Modern Condo . The Design
The Lentor Modern condominium will sit above commercial retail space at the ground level, that is directly linked to Lentor MRT station on the Thomson-East Coast Line (TEL). This station just went operational in 2021.
Its location right beside this public transport node will allow residents seamless connectivity to major business centres. Such as Woodlands Regional Centre to the north, and the CBD (Central Business District) and Marina Bay Financial District to the south.
The commercial space will house a supermarket, and an Early Childhood Development Centre. The rest of the space will likely be used for F&B outlets and restaurants, as well as retail shops, to cater to the daily needs of residents.
This development occupies the first, and the most strategically located, of the new land parcels here. It is envisioned as a gateway to the Lentor Hills Estate, and Hillock Park.
Hence it will be lushly landscaped, in keeping with the overall greenery of the area. The plan is to create an attractive environment that fosters an active lifestyle amidst greenery.
The design will include a public plaza as well, meant to generate a sense of arrival and welcome to the estate and to Hillock Park. It will also ease access to and from public transport nodes such as bus stops, and the Lentor MRT station.
GuocoLand will build upon the unique context of this site and its surroundings. Appropriate building typologies will be used in this new development to respond sensitively to the scale and form of the neighbourhood, such as the landed homes, and future Hillock Park.
The façade will utilise tropical design strategies to adapt to Singapore’s climate, for the comfort of its residents. It will be well-articulated with a good balance of voids or windows vs walls. It will adopt elements of tropical architecture that help ward off the worst of the heat, such as window ledges, balconies, sky terraces, and vertical green walls.
Amenities for Lentor Modern Condo
In addition to the residential apartments, there will be commercial and retail space. These will provide the following amenities to residents.
Early Childhood Development Centre covering over 10,000 square feet of space.
A supermarket occupying more than 10,000 square feet too.
Shops offering various goods and services totalling about 74,000 square feet. While the exact retail mix has not been finalised yet, allowable uses include for restaurants or cafes, commercial schools or tuition centres, medical and dental clinics, laundromat, fitness centres. Some of these will front the public spaces and covered walkways along Lentor Hills Road and Lentor Drive, and add to the vibrancy at street level.
But anything that could cause disturbance to residents and the neighbourhood, such as pubs, bars, massage parlours, night clubs, or karaoke lounges, are not allowed.
The design of the whole project will comprise a low-rise zone fronting Lentor Drive, and three 25-storey high-rise blocks.
URA has mandated that the whole commercial component, including its common areas, covered linkways, and pedestrian walkways, must be held under a single strata lot. This is important as a single owner is in a position to ensure the whole place is well-maintained, and there is a good balance of retail offerings.
Register interest for updates or request details here.
|Developer||GLL D Pte Ltd (Unit of GuocoLand Limited)|
|Status||Residential with Commercial at 1st Storey
(No restrictions on ownership)
|Address||1 Lentor Drive, Singapore 789361|
|Site Area||17,279.9 m² (186,000 sq ft)|
|Floor Area||60,479.65 m² (651,003 sq ft)|
|Tenure||99 Years Leasehold|
|Description||Mixed-use development comprising three blocks of 25-storey residential towers with swimming pool, clubhouse, playground, communal facilities and carpark. The podium block at ground level will offer 96,000 sq ft of retail shops and F&B outlets, a supermarket and a childcare centre, linked to Lentor MRT station.|
Lentor Modern Floor Plans
The Lentor Modern condo floor plan layouts are not ready yet. Please drop your contact details in the Form below if you wish for the floor plans to be sent to you once ready.
Lentor Modern Condo Site Plan
The site for this project is a roughly rectangular, longish parcel of land that is tilted in a north-west / south-east direction.
It is bounded by Lentor Drive on its north-east boundary, Lentor Hills Road to its south-east, and Lentor Central on its other two sides.
Across Lentor Drive, one of its longer sides, is the fairly large Lentor Estate comprising low-rise landed housing. This freehold estate has been around for quite a while, and is not going away anytime soon. So units facing this side will get unblocked open views.
On the other long side across Lentor Central to the south-west, and north-west too, is forested land at the moment. The future Hillock Park will be built here, but several new developments will surround the park.
Hence while the view on this side is currently unblocked, it will eventually be built up.
Lentor Modern Showflat · Viewing
The Lentor Modern showflat is not open for viewing yet. Please drop your contact details in the Form below if you wish to register for a viewing slot when it is ready.
Lentor Modern Prices · Unit Types
UNIT TYPES . SIZES
|Unit Description||Type||No. of
|Total Number of Units||TBA|
Floor areas stated includes any Voids, Patios, Balconies, Terraces, A/C Ledges.
LENTOR MODERN PRICE RANGES
The Lentor Modern condo prices have not been finalised yet. Please let us know via the Contact Form if you wish to be kept updated on the pricing when available.
LENTOR MODERN PRICE BACKGROUND
The GLS (Government Land Sale) tender for this Lentor Central site was well contested. It closed on 21 July 2021 with nine bids. Possibly due to developers’ dwindling stock of unsold units, and also because this is one of the most attractive sites to come on the market.
As one industry expert said, “The response seen in this tender indicates developers’ strong confidence in the suburban residential market, which has been showing signs of pent-up demand amidst diminishing supply and lack of new launches in the OCR.”
The site measures 186,000 square feet (sq ft). Given its plot ratio of 3.5, the permissible build up is around 651,000 sq ft gross floor area. Of that, about 86,110 sq ft will be used as commercial space.
GuocoLand submitted the highest offer of SGD$784,113,000, just 4.5% higher than the 2nd highest bid.
Overall, the bid price works out to a land rate of $1,204 PSF PPR (per square foot per plot ratio).
After factoring in all the regulatory, financing, development and overhead costs, the break even works out to about $1,900 PSF. Unfortunately construction material and manpower costs have risen so much in recent years, that some skilled workers can cost three times what they used to.
However despite the higher price tag, this project is still expected to do well at its launch. One reason according to Mark Yip, CEO of Huttons Asia is that, “It’s probably the best site in the 1H2021 GLS programme.”
Another reason is that, “The buoyant HDB resale market means there will be more HDB upgraders looking for options in the market and there are not many new mass market condo launches in 2022.”
About the Developer
About GuocoLand Limited (“GuocoLand” or “The Group”)
GuocoLand Limited is a public company headquartered in Singapore and listed on the SGX since 1978. Its primary business activities, along with its subsidiaries (“the Group”), are property management and investment, property development, and hotel operations.
The Group operates in Singapore, Malaysia, and China, in the mixed / integrated development, residential, retail, commercial, and hospitality sectors.
In 2018, it expanded into the UK and Australian markets as well, in partnership with Eco World International Berhad with Eco World Development Group Berhad.
Within Singapore itself, the Group has completed more than 36 residential projects. These have contributed over 10,000 homes to the local housing stock.
GuocoLand is well-known for Guoco Tower, its landmark $3.2 billion integrated development at Tanjong Pagar Centre. Built in 2016 and standing at over 280 m tall, this is the highest building in Singapore currently. A vertical city that houses the 5-star hotel Sofitel Singapore City Centre, luxury apartments at Wallich Residence, lifestyle retail and F&B space, Grade A offices, and a rooftop landscaped urban park.
The Group has undertaken townships and various commercial and integrated developments in Malaysia too. It has also amassed a portfolio of properties in major Chinese cities like Shanghai, Beijing, Tianjin, and Nanjing.
As at 31 December 2020, the GuocoLand Group held total assets worth around SGD$11 billion.
An Award-Winning Developer
One of the Group’s top priorities is eco-friendliness and sustainability. As proof of that, some of its projects have won environmental sustainability awards like BCA’s Green Mark Award. These include Leedon Residence, Martin Modern, Wallich Residence, Goodwood Residence, Elliot at East Coast, Sophia Residence, The Waterline, and Sims Urban Oasis.
GuocoLand has also won other accolades and awards, both locally and internationally, for the quality of their products. Such as BCI’s Asia Awards, FIABCI’s Property Awards, the South East Asia Property Awards, and International Property Awards.
For more details on GuocoLand, see https://www.guocoland.com.sg/
Lentor Modern Location · Features
Location. The Lentor Modern condo location is at Lentor Central in the Thomson area, seen as a mostly landed housing neighbourhood. It is also known for its close proximity to nature reserves, reservoirs, and parks.
Lentor Central is itself part of a new housing enclave, called Lentor Hills Estate. URA plans show that it will cover the currently forested ground between the landed homes of Teachers’ Estate and Lentor Estate. It will feature new roads like Lentor Hills Road and Lentor Gardens, and new parks like the Linear Park and Hillock Park.
Nearest MRT Station. Lentor Modern is right on the doorstep, and directly integrated with Lentor MRT station on the Thomson East Coast Line (TEL). This section of the TEL recently started operations in 2021.
As GuocoLand put it, this should allow residents convenient and “…immediate access to the Thomson-East Coast Line which takes people to Bukit Timah, Botanic Gardens, Orchard Road, Marina Bay all the way to East Coast.”
In addition, the TEL connects to other major lines as well – the East-West line, North-South Line, North-East Line, Downtown Line, and Circle Line. Which covers over half the island.
F&B, Supermarkets, Shops, Banks. The nearest shopping and retail space here is right at its own doorstep, within the Lentor Modern location itself. Besides a childcare centre, it will have a supermarket, various F&B outlets, and shops at the ground level.
Other than that, residents can take a 10 minute walk to the wet market and neighbourhood shops of the HDB precinct down Ang Mo Kio Ave 4.
More serious shopping is available at Thomson Plaza at Upper Thomson MRT station. This is three stations down the TEL. Since it has covered access to the station as well, it is a pretty convenient option too.
Schools & Academic Institutions. One primary school within a 1 km radius of the Lentor Modern location is Anderson Primary School. CHIJ St Nicholas Girls’ School is just outside that, about 1.2km away.
Other schools within fairly easy reach include Catholic High at Bishan, and Ai Tong School at Thomson along the same MRT line. As well as Presbyterian High School, Raffles Institution, Raffles Girls’ School, Anderson Serangoon Junior College, and Nanyang Polytechnic.
Sports & Recreation Venues. This Lentor Central location is quite close to several nature reserves and parks. Such as Lower Peirce Reservoir Park, Lower Seletar Reservoir Park, Upper Seletar Reservoir Park, and the 50-hectare Thomson Nature Park.
Closer at hand, residents will have Hillock Park and Linear Park in the immediate vicinity. There is also the Yio Chu Kang Stadium & Sports Complex at Ang Mo Kio Avenue 5, about 2 KM away. With the current growing interest in wellness and nature.
With the current growing interest in wellness and nature, this proximity to our central water catchment area and such wide tracts of nature parks should appeal to buyers.
Accessibility. This location is relatively accessible to the major expressway network. It is within 5 minutes drive to both the Central Expressway (CTE) via Yio Chu Kang Road, as well as the Seletar Expressway via Lentor Avenue.
Once on the CTE, it should take roughly 30 to 35 minutes off-peak driving time to get to the CBD and Marina Bay. It is faster to Changi Airport – about a 20 minute drive.