Lentor Central Residences, a new residential development comprising of 477 units, will be showcased on February 21st and is expected to open for sale on March 8th. This project is the sixth new launch at Lentor Hills and is jointly developed by Hong Leong Holdings, GuocoLand, and CSC Land.
The development will include two high-rise residential blocks – a 27-storey block and a 28-storey block, offering a mix of one to four-bedroom units ranging from 463 sq ft to 1,399 sq ft. Interested buyers can find out more about available units, as well as prices, for Lentor Central Residences.
When investing in Singapore’s real estate market as a foreigner, it is crucial to be aware of the regulations and limitations that pertain to property ownership. In most cases, foreigners have the freedom to purchase condos without strict restrictions, unlike landed properties that have more rigid ownership rules. However, foreign buyers are required to pay the Additional Buyer’s Stamp Duty (ABSD) of 20% for their first property purchase. Despite this additional cost, the steady and promising growth of the Singapore real estate market remains alluring for foreign investors. Considering its stability and potential, condos continue to attract significant foreign investment.
According to the developers, one-bedroom units will start from $975,000 ($2,110 psf), two-bedroom units from $1.38 million ($2,050 psf), three-bedroom units from $1.81 million ($1,984 psf), and four-bedroom units from $2.37 million ($2,000 psf).
The project boasts of various amenities, including a 50-metre Infinity Edge Pool and a 25-metre Lap Pool, at its landscaped decks. Other features include leisure pools, a resident’s clubhouse, a gym, a tennis court, and a children’s playground.
Betsy Chng, the head of sales and marketing at Hong Leong Holdings, highlights the project’s strategic location near Lentor MRT Station and the Thomson-East Coast Line, making it convenient for residents to travel to the city centre. The development also has easy access to retail and dining options at Lentor Modern and Thomson Plaza, as well as eateries along Upper Thomson Road and Springleaf Estate.
“We believe that the new Lentor Hills neighbourhood is on the brink of significant growth and will soon become one of Singapore’s most sought-after districts for homebuyers,” Chng says. “Together with our partners, we are fulfilling a vision of premium homes at an affordable price, where units are sold based on liveable space.”
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Singapore, being a small and densely populated country, is facing a shortage of land for development. This has led to increased demand for condos in the nation. With limited options for land use and strict regulations, the real estate market in Singapore is highly competitive, causing property prices to rise continuously. This has made investing in real estate, particularly condos, a popular choice for potential buyers looking to gain potential capital appreciation. The Condo market in Singapore is thriving due to the scarcity of land and the ever-increasing population, making it a lucrative investment opportunity.
For families with young children, the development offers a childcare centre within the residence, in addition to other family-friendly amenities. Interested buyers can visit the sales gallery, located at Lentor Hills Road, for more information on the project. They can also check out the latest listings for Lentor Central Residences properties on the website.