The median price of Lentor Hills Residences is comparable to the median price at the 605-unit Lentor Modern

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Novo Place location map

In the week of July 8-9 598 unit Lentor Hills Residences reported the sale of 298 units (about 50%). Hong Leong Holdings is the joint developer of Lentor Hills Residences, along with listed property developer GuocoLand and TID (a joint partnership that is a joint venture between Hong Leong and Mitsui Fudosan).

Based on Hong Leong prices began at $1,834 psf and an average of $2,080 per square foot. One-bedroom units start at $945,000, while two-bedders start at $1.36 million. Three-bedders cost more than $1.82 million, and four-bedders begin at $2.53 million. Dual-key units begin from $2.64 million.

The median price for Lentor Hills Residences is in line with the median of the 600-unit Lentor Modern connected development, which was announced by GuocoLand in September. Lentor Modern is already 90% sold at an average of $2,102 per square foot.

Novo Place location map situated at the heart of Bukit Batok Town and sits on a 12,4449.3 sq m site with a maximum Gross Floor Area (GFA) of 37,348 sq m.

“A 50% occupancy rate during the very first weekend of its the launch is an impressive achievement,” says Ismail Gafoor director of PropNex. “The pricing of Lentor Hills Residenceswhich is on par with Lentor Modern -offered buyers the opportunity to buy value.”

Gafoor says that Lentor Hills Residences profited from the increase in demand that followed the debut of Lentor Modern last year. “Those who did not get the smaller units of Lentor Modern had the opportunity to purchase one- and two-bedroom apartments located at Lentor Hills Residences,” Gafoor adds.

Of the 35 one-bedroom apartments of 452-538 sq ft in the Lentor Hills Residences, over 94% were snapped up during the weekend as per property agents. And close to 70% of the 39 one-bedroom-plus-study units of 570 to 638 sq ft were snapped up.

The two-bedroom (108 units) and two-bedroom-plus-study (111 units) take-up was 73% and 65.8%, respectively. Two-bedroom units range in size from 678 to 721 sq ft, and two-bedroom-plus-study are from 743 to 775 sq ft.

The bigger units consist of four and three-bedders. On the weekend, nearly 40% of the 88 three-bedroom units (958 up to 980 square feet) units were bought. Of the 101 units of three-bedroom-plus-yard (1,098 to 1,130 sq ft), close to 27% were spoken for. Around 14% of 100 four-bedroom homes (1,349 or 1,399 sq feet) were filled in the last 38% of the 16 units with dual keys of 1,302 to 1,399 square feet were bought.

“The more spacious units were offered mostly to people seeking to move out of older developments within the area,” says Mark Yip Huttons Asia’s CEO. Huttons Asia. He says that the dual-key units were very popular with investors and families with multiple generations as they’re rarely sold in the recent launches of new projects.

Lentor Hills Residences lies located on an 184,461 square foot 99-year leasehold site located in the new Lentor Hills estate which is a growing area that will be positioned as a pedestrian-friendly and sustainable neighborhood with new parks as well as smooth cycling and walking paths. Lentor Hills Residences is also located near nature trails such as Lower Peirce Reservoir, Bishan-Ang Mo Kio Park Windsor Nature Park, and Thomson Nature Park.

The project features a protected roadway that leads leading to Lentor MRT station. Lentor MRT station and is due to be completed by the month of December 2026. “The positive response to the project is due to our central area,” says Betsy Chng the director of marketing and sales for Hong Leong Holdings. “Our clients enjoy the nearby nature parks and the nearby MRT while remaining in close proximity to families in nearby townships that are mature such as Upper Thomson, Ang Mo Kio, Bishan and Yishun.”

According to Chng the layouts that function of the units as well as the amenities offered were an incentive.

“The majority of the unit types that were viewed by buyers at Lentor Contemporary and Lentor Hills Homes were around the $2.5 million in the $2.5 million price range,” says Marcus Chu the chief executive officer of ERA Singapore. “That is the ideal price for buyers who are looking to buy a suburban home.”

The proximity to famous primary schools, like CHIJ St Nicholas Girls’ School and Anderson Primary School, was another draw for families with young children Chu adds. Chu.