Your search results

Is Lentor Mansion: The 5th New Lentor Condo in 2 Years Still Worth Your Attention?

Posted by Jayson Ang on April 17, 2024

| 0

TLDR for “Exciting Updates from Lentor Mansion”

Lentor Mansion, a new project in the vibrant Lentor region, is set to be expansive, offering 533 units with a focus on practical living space. Developed under new regulations, it ensures efficient use of space. With unit configurations catering to owner-occupiers, the project promises a good balance between unit count and land area. Located in an evolving area with future development plans, Lentor Mansion presents a promising investment opportunity with competitive pricing compared to neighboring properties.

Lentor has been buzzing from 2022, thanks to the unveiling of ventures such as Lentor Modern and Lentoria. The upcoming project in this vicinity is set to be the most expansive yet, spanning approximately 21,887 square meters. Given the solid interest shown towards projects in the Lentor region, we’re confident that many buyers will see this as a viable alternative to recent launches. If you happened to miss out on a Lentor property recently, consider this your second opportunity. Here’s what we’ve gathered about it thus far:

Exciting Updates from Lentor: What’s the Buzz?

Situated in close proximity to the initial development, Lentor Modern, and adjacent to the freshest addition, Lentoria, Lentor Mansion is part of a booming locale.

You might be curious as to why Guocoland has its name attached to numerous new projects in this area. Well, that’s because over the past two years, the developer has undertaken four residential ventures here.

This may appear as an advantage to potential buyers. The rationale? A developer, naturally, wouldn’t want to undercut their own properties’ sales – they’ll strive to set each project apart. This approach not only infuses a sense of harmony into the neighbourhood but also ensures that every project complements rather than competes with one another. A similar scenario is observed in how Midtown Modern harmonizes with Midtown Bay, both under the Guocoland umbrella.

The Irresistible Allure of Lentor Mansion!

In the earlier section, we’ve outlined that Lentor Mansion stands out as one of the most expansive land allotments in recent releases within the vicinity. The project’s developers have diligently maintained a land-area-to-unit ratio of 1:41. This may pique your interest if you’re in search of roomier options. The project encompasses a total of 533 units, hitting the ideal equilibrium for many prospective homeowners. This count is high enough to ensure manageable upkeep costs, yet small enough to prevent facilities from becoming excessively packed.

Moreover, Lentor Mansion takes the lead as the inaugural project constructed under the new Gross Floor Area (GFA) harmonisation regulations. In essence, these rules put an end to wasteful spatial practices. Before this, developers could bill buyers for features like oversized air-conditioning ledges, even though they weren’t charged for the space used.

As Lentor Mansion adheres to these rules, it’s likely that the units will provide more practical living space. Buyers will essentially pay for the actual size of the unit, minimizing wastage of square footage.

Currently, we understand that the unit configurations will predominantly consist of two-bedroom or larger units, with a significant portion allocated to 3, 4, and 5-bedroom units. This indicates that the project may be more suitable for owner-occupiers rather than tenants. If you prefer a lower tenant mix, this development could appeal to you. Additionally, given the ratio of unit count to land area, there’s a good chance that the units here will be larger than average.

Discover the Unique Location Benefits of Lentor Mansion!

Lentor might not currently be the most bustling spot, but the URA Master Plan 2019 points to the government’s vision of transforming it into an entirely new community. The blueprint is centered around the hillock where Lentor MRT (TEL) stands.

This strategy of urban development deviates from the usual practice of first establishing HDB estates, followed by the MRT, and lastly private developments. Lentor flips this order, with the MRT station being the initial phase, succeeded by the launch of new condominiums. The subsequent stage involves the creation of HDB estates in the surrounding forested area, though the exact timeline remains undisclosed. Consequently, for those committed to a long-term residence, Lentor will evolve from its current “ulu” status within the approaching decades.

The upcoming residential district will connect Lentor Station and Teachers Estate, gradually introducing commercial components like shops, eateries, and entertainment facilities. It’s also worth noting that Lentor Modern, a project by the same developer, is due for completion in 2026. This will bring additional shopping options and a supermarket to the region, enhancing Lentor’s convenience quotient significantly.

In the near future, the close proximity to CHIJ St. Nicholas’ Girls School could pique the interest of potential buyers. Furthermore, the site plan indicates that two blocks will enjoy an uninterrupted view of the verdant Lentor Hillock Park.

Unveiling the Exciting Pricing Details

Also, let’s not overlook the fact that neighboring resale condominiums, like Panorama, have already hit the $2,000 per square foot mark. Now, considering it wrapped up construction in 2017, by the time Lentor Mansion is ready for occupancy, there will be a decade’s gap between them. Looking around, you’ll find that the only serious resale competition at present is the older Calrose (averaging $1,781 per square foot, hence cheaper but remember it was erected back in 2007). The reason being, other nearby resale condos such as Thomson Grove, Far Horizon Garden, and Seasons Park have been around for quite some time.

However, don’t bank on any substantial price fluctuations given the proximity of each project’s launch date, coupled with the fact that most of these property sites share the same developer. For an in-depth comparison with the existing competition in the area, feel free to delve into our Lentoria pricing review.

Project Name	Lowest $PSF	Average $PSF	Highest $PSF
Hillock Green 1BR	$2,100	$2,228	$2,423
Lentor Hills Residences 1BR	$2,028	$2,200	$2,451
Lentor Modern 1BR	$2,033	$2,180	$2,425
Lentoria 1BR	$2,190
Hillock Green 2BR	$1,882	$2,137	$2,287
Lentor Hills Residences 2BR	$1,988	$2,149	$2,358
Lentor Modern 2BR	$1,994	$2,196	$2,513
Lentoria 2BR	$1,965
Hillock Green 3BR	$1,987	$2,057	$2,160
Lentor Hills Residences 3BR	$1,834	$2,018	$2,217
Lentor Modern 3BR	$1,837	$2,056	$2,379
Lentoria 3BR	$1,974
Hillock Green 4BR	$1,954	$2,064	$2,178
Lentor Hills Residences 4BR	$1,891	$2,015	$2,174
Lentor Modern 4BR	$1,895	$2,031	$2,245
Lentoria 4BR*	$1,965

*The 4-bedder does not have indicative pricing yet.

Is Investing in Lentor Mansion Worth the Wait?

Sure, some perks within Lentor, like the gradual establishment of the TEL line, might take a bit to come to fruition. And yeah, it’s true that the region could use more instant, handy amenities, which Lentor Modern is likely to offer by 2026. However, lots of these elements could be ready by the time Lentor Mansion is fully built. So, those who are considering buying now, could essentially be grabbing an opportunity at its inception.

Should You Buy, Sell or Wait?

If you’re reading this, you must be trying to figure out the best course of action right now: is it the right time to buy or sell?

It’s difficult to give an exact answer since everyone’s situation is unique and what works for one person may not necessarily work for you.

I can bring you a wealth of on-the-ground experience and a data-driven approach to provide clarity and direction. From beginners to experienced investors, our top-down, objective approach will help you on your real estate journey.

I can help you by:

Offering Strategic Real Estate Advice – I can help create a comprehensive plan to guide you through your property journey.
Connecting Your Home with the Perfect Buyers – Through stunning visuals, an effective communication strategy, and an in-depth knowledge of the market, we’ll ensure your home is presented in the best possible way to fulfill your goals.

You May Also Like …

Mandarin Top 5

5 Factors : Why Singapore’s Property Market Is Still A Safe Haven For Investors

Jayson Ang – May 22, 2024 –

Real estate investment has always been a popular choice for investors looking to generate passive income and build long-term wealth....

All Buying Tips

Sell High Buy High : Will This Still Make You a Profit?

Jayson Ang – December 7, 2022 –

TL;DR Summary: Timing of Property Sale: Selling high and buying high may seem counterintuitive, but understanding market dynamics can...

Mandarin Top 5

Top 5 Most Common Red Flags To Watch Out For When Investing In Singapore Property

Jayson Ang – August 11, 2024 –

Investing in Singapore property has long been considered a lucrative and stable way to build wealth. However, like any investment,...

All Blog Posts Buying Tips

6 Essential Factors HDB Upgraders Should Be Aware Of Before Purchasing a Condo in 2023

Jayson Ang – June 12, 2023 –

TLDR When upgrading your property, consider factors like rental rates, Buyer's Stamp Duty adjustments, higher interest rates for bank loans,...

Mandarin Top 5

Top 5 Places to Try Durian in Singapore

Jayson Ang – May 28, 2024 –

Durian, often referred to as the "King of Fruits," is a unique and polarizing delicacy in Southeast Asia. With its...

All Reports

Finding Your Dream Home In The Near Future. Exciting Upcoming Property Launches In The First Half Of 2024

Jayson Ang – December 25, 2023 –

TLDR The real estate sector in 2023 saw significant policy shifts affecting both private and public housing, with various changes...

All Buying Tips Opinion

What Is The Best Location To Purchase A House To Ensure Your Child Has The Highest Probability Of Attending A Well-Renowned Primary School?

Jayson Ang – October 25, 2023 –

TLDR Parents often seek homes within 1km of desired primary schools to increase enrollment chances. Consider oversubscription rates and population...

All Buying Tips Opinion

2024 Will Be A Buyers Market

Jayson Ang – January 23, 2024 –

TLDR 2023 saw a roller-coaster ride in the real estate market, with various challenges like high interest rates and geopolitical...

All Buying Tips

5 Smart Techniques That Resourceful Homebuyers Utilize to Overcome Restrictions on Home Loans

Jayson Ang – May 16, 2024 –

TLDR When it comes to navigating the complex world of home loans and property acquisition, it's crucial to be aware...

Mandarin Top 5

Top 5 Bakeries in Singapore for Fresh Bread and Pastries

Jayson Ang – May 6, 2024 –

Singapore, a melting pot of cultures and flavors, is well-known for its diverse culinary scene. Among the many gastronomic delights...

All Blog Posts Buying Tips

What to Do Before Exercising Option to Purchase?

Jayson Ang – July 19, 2023 –

TLDR Home buyers are advised to thoroughly research property values using online tools, secure an ideal home loan package early...

Mandarin Top 5

Singapore’s Property Insights : Where to Find 5 Hidden Gems?

Jayson Ang – June 14, 2023 –

Singapore's Property Insights : Where to Find 5 Hidden Gems? With its booming economy, vibrant culture and attractive regulations, Singapore...

All Buying Tips

Downpayment For Condo: How Much Do First-Timers Need In Singapore?

Jayson Ang – March 12, 2024 –

TLDR The blog post delves into the complexities of condo downpayments in Singapore in light of the impact of Covid-19...

Mandarin Top 5

How To Avoid Top 5 Common Investment Pitfalls When Investing In Singapore Property

Jayson Ang – July 24, 2024 –

When investing in Singapore's property market, it is crucial to be aware of the common pitfalls that can lead to...

Mandarin Top 5

From Garden City to Smart Nation: Singapore’s Top 5 Goals Building a Sustainable and Livable City

Jayson Ang – February 20, 2024 –

Singapore is a small island city-state with a population of over 5 million people. Its urban landscape is constantly evolving,...

All Buying Tips Opinion

The Significance of Choosing the Right Condo: A Real-Life Tale of Two $1.8 Million Investments with Significantly Different Results.

Jayson Ang – August 13, 2024 –

TLDR When contemplating property investments in Singapore, consider various factors like rental performance, unit count, access to train lines, and...