A Guide to Purchasing a New Launch Condo in Singapore in 2023
TLDR When buying a new launch condo in Singapore, start by planning your finances to determine loan and property limits....
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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.
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