by OrangeTee & Tie Pte Ltd.

Lentor Modern unit prices to start from $1,880 psf; analysts expect high demand

New Project Launches

Singapore, 31 Aug 2022

Units at Lentor Modern, a 605-unit integrated mixed-use development in Ang Mo Kio, are priced from $1,880 per sq ft (psf), developer GuocoLand said on Wednesday. 

The 99-year leasehold development, which is integrated with Lentor MRT station on the Thomson-East Coast Line, comprises one- to four-bedroom units ranging from 527 sq ft to 1,528 sq ft.

Housing Board upgraders living in the area and investors could also drive demand for the project, said OrangeTee & Tie senior vice-president of research and analytics Christine Sun. 

"This project may appeal to families as there are many three- and four-bedroom units available, and currently many buyers are keen to purchase large-sized units," she said. 

"Investors may also be keen as they will have the first-mover advantage of owning the first integrated development in the area, and the units may be popular among tenants, given the convenience of living right at the door step of an MRT station and they can travel to the Central Business District area easily."

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