Lentoria Price – Successful Tender Price

Lentor Hills Road’s (Parcel B) bidding received much interest, with TID Residential Pte. Ltd. emerging victorious with an exceptional bid of $276.36 million which works out to $1,130 psf ppr (price per square foot per plot ratio).

TID made an aggressive bid that exceeded other contenders by an astounding 18.9%; their offer was 189% higher than the next closest bid of $950 psf ppr submitted by a consortium comprising notable names like China Communications Construction Co, Soilbuild Group Holdings, and United Engineers of Yanlord Land. Leonard Tay, head of research for Knight Frank Singapore noted this significant difference and highlighted TID’s keen interest in purchasing this plot of land.

Compare to previous transactions: TID’s bid for Parcels B was 6.6% higher than Lentor Hills Road’s (Parcel A), which garnered Hong Leong Holdings, GuocoLand, and TID in January.

RANKING NAME OF TENDERER TENDERED SALE PRICE ($) TENDERED SALE PRICE IN $PSM OF GFA
1 TID Residential Pte. Ltd. 276,360,000.00 12,163.73
2 Forsea Residence Pte. Ltd., Soilbuild Group Holdings Ltd. and UED Alpha Pte. Ltd. 232,343,650.00 10,226.39
Land LocationSUCCESSFUL SALE PRICEPER SQ FT PER PLOT RATIOGFA
Lentor Hills Road$276,360,000.00$1,130.04 psf22,720 m
Lentoria Price, Lentoria Condo Price

Lentoria Price – Nearby Properties Transacted Price

Analysis of Properties within 2000m from Lentoria condo in the Last 12 Months

In the dynamic property landscape of the North-East region of Singapore, several projects have been making waves in the last 12 months, especially the newer developments.

Lentor Hills Residences, a 99-year leasehold project from 2022, stands prominently just 153m away. With an enticing average price of S$2,099 psf, it’s garnered a notable sales volume of 331 units, indicating significant interest from buyers.

Adjacent to it is Lentor Modern, another 99-year leasehold development from 2021, located 355m from the point of reference. Its properties command an average price of S$2,121 psf, and it boasts a substantial sales volume of 557 units, hinting at its rising popularity and potential.

Still under construction is the AMO RESIDENCE, offering a 99-year lease from 2021. Situated 1,491m away, it’s priced at an average of S$2,188 psf, and is fully sold.

Moving to the slightly older projects, we have THE PANORAMA, a 99-year leasehold project from 2013, completed in 2017. It’s located a mere 788m away and offers properties at an average of S$1,848 psf. Its impressive rental volume stands at 111, with a commendable yield of 3.6%. Its 100% profitable transaction record is another feather in its cap.

Lastly, ADANA @ THOMSON is a freehold gem completed in 2018. Located 1,581m away, its units fetch an average price of S$1,841 psf, complemented by a respectable rental yield of 3.1%. Furthermore, its 100% profitable transaction rate underscores its value proposition.

NEARBY NEWER CONDO AROUND LENTORIA AT DISTRICT 20HIGHEST TRANSACTED SELLING PRICE (PSF) FOR PAST 12 MONTHSCOMPLETION
LENTOR MODERN$2,513Under Construction
LENTOR HILLS RESIDENCES$2,438Under Construction
AMO RESIDENCE$2,291Under Construction
THE PANORAMA$2,0932017
ADANA @ THOMSON$1,9002018
Graph or chart showcasing transacted prices of condominiums located near Lentoria Condo on Lentor Hills Road (Parcel B). Development by TID Hong Leong and Mitsui Fudosan

Latest Updates As At  Sunday, May 19th 2024 updated, Register to receive the price list and book showflat appointment when ready!

LENTORIA PRICE – ESTIMATE INDICATIVE / LAUNCH PRICE

PSF$
A) Land Cost$1,130
B) Construction Cost (estimate)$450
C) Profit Margin + Other Expenses (30% x [A+B] )$474
Estimate Launch Price (SUBJECTED TO CHANGES) (FOR EDUCATION PURPOSES, NOT FINAL SELLING PRICE)$2,054
estimated preview selling price and detailed price list for Lentoria Condo located on Lentor Hills Road (Parcel B). Development by TID Hong Leong and Mitsui Fudosan

Latest Information Lentoria Price List As At  Sunday, May 19th 2024 updated, Register to receive the price list and book showflat appointment!