Drivers also have access to Central Expressway (CTE), Seletar Expressway (SLE), and the upcoming North-South Corridor (NSC). Slated for completion in 2027, the NSC is a major project featuring the longest corridor in Singapore at 21.5km. Future residents can also look forward to quick transfers to the Downtown Line via Stevens MRT as well as the NorthEast and EastWest Line via Outram Park MRT once these stations are completed in the second half of 2022. According to statistics from the Urban Redevelopment Authority (URA), the development on Lentor Hills Road (Parcel A) will have a 99-year leasehold period. Having a technical height of 110 metres, residential buildings on this site are allowed to reach a height of up to 23 storeys.
For perspective, resale private properties within 1km of St Hilda’s Primary School in Tampines is about 11-12% higher than the district’s average price. With growing interests living close to nature and away from the hustle and bustle of modern living, this will be an added attraction to buyers. Investors will definitely want to take note of Woodlands Regional Centre, which promises to integrate more business, educational, and living spaces on the 100 hectares of land over the next 15 years. A spokesperson from Hong Leong Holdings also confirmed their plans to develop an estimated 600-unit residential development. They hope that the surrounding amenities, coupled with Lentor MRT station being just a 6-minute walk away will add to the development’s appeal. The joint venturers beat out contenders Sim Lian Group as well as another joint venture group formed by UOL Group, Singapore Land Group and Kheng Leong Co.
Hence, a development like Lentor Modern could provide first-mover advantage and promising investment potential. As can be seen, buyers have come to accept prices above $2,000 psf for Outside Central Region (OCR) projects. The development will consist of three 25-storey blocks with 605 residential units of 1- to 4-bedrooms. The commercial podium will have 96,000 sq ft of businesses, F&B and retail spaces, including a supermarket and more than 10,000 sq ft childcare facilities.
In addition, there is also another site – Pine Grove (Parcel B) under the reserve list which is yet to be launched as well. Released for sale in the second half of 2021, bids for Lentor Hills Road (Parcel A) under the Government Land Sales (GLS) Programme. Together with Jalan Tembusu, these sites were amongst the first to secure successful biddings following property cooling measures on Dec 16, 2021.
My blog – Sg Home Investment – offers essential property reviews, research and guides to help buyers make an informed investment decision. Please feel free to WhatsApp Me if you have any queries about the real estate market in Singapore. Nevertheless, with Lentor Modern likely to set a new benchmark in OCR, potential homebuyers and property investors may assess the pricing of competing developments coming up nearby. But, as mentioned earlier, those looking for a sharp correction in property prices will likely be disappointed.
Some examples of its clientele include administrative offices, clinics, and others. That being said, there are quite a few downsides to being a landlord, such as rent control, repairs, and assessing candidates before renting the home. In this situation, Bernadette Murphy of Equithy recommends a similar asset class, referred to as real estate investment trusts. According to a recent survey by Edgeprop, many property buyers are willing to pay more for connectivity and conveniences, such as near an MRT station, supermarket and food choices. lentor residence price is unsurprising amid the high prices of Certificate of Entitlement (COE) for cars which have exceeded $100,000.
Does this mean that properties in District 26 have less capital appreciation potential? On the contrary, District 26 could potentially offer a higher rate of capital appreciation as it is less “developed”, which will provide it with more room to play catch up with the other two districts. For example, housing estates in Tampines and Ang Mo Kio were built in the 1970s and Bishan in the 1980s, while their respective MRT stations started operation in the late 1980s which helped ignite their rapid development.
It will be a future interchange with the Cross-Island Line (CRL) that will stretch from Changi Airport to Gul Circle. The 4-bedrooms come with a junior master-bedroom with its own attached bathroom, offering added convenience for extended families. It will also be ideal for those looking to rent out their spare room while enjoying a little more privacy.
The NCIC will connect the future Agri-Food Innovation Park and Woodlands Regional Centre to the North’s ecosystem, which includes farms, Republic Polytechnic, and the Senoko Food Zone. Across the corridor will be a diverse mix of office, retail, business parks, and industrial spaces. Their proximity will potentially attract housing demand from expatriates with school-going children working in the North Region. These include the Gems World Academy, Sir Manasseh Meyer International School and Singapore American School.
Students opting for the polytechnic route can gain access to a bevy of courses at Nanyang Polytechnic (NYP). Bishan-Ang Mo Kio Park is also known for its characteristic sloping grassy banks. Complete with wheelchair-accessible play areas and well-maintained tracks, the park’s inclusive facilities makes it perfect for anyone to get some fresh air or work up a sweat. Lentor Hills Road is part of the growing number of new HDB towns that are required to allot space for electric vehicle charging stations. This is part of an initiative by URA and the Land Transport Authority (LTA) to deploy 60,000 EV charging points across the country by 2030, with the possibility of more chargers being installed should demand increase in the future.