The Lentor Modern land parcel is planned to be transformed into a mixed-use development
Lentor Modern parcel is located in the Northern Region of Singapore, near Florissa Park, Lentor Drive and Yio Chu Kang Road, It is situated within the borders of Ang Mo Kio, Thomson, Yishun, Sin Ming, Central Water Catchment and Bishan.
The price offered by GLLD. has been set at S$784.1 mil which is equivalent to S$1,204 per square foot, for the plot-to-plot ratio (psf per).
It is believed that the Lentor Modern unit mix has the area of 17,279.9 square feet, or the equivalent of 186,001 square metres. It is a plot with a proportion of 3.5 and a maximum net floor size of 60,480 square meters or 651,003.5 sq feet. The site is slated to be used for private residences and commercial units on highest point. It is believed to be that Lentor Modern is envisaged to start building in 2022's second quarter.
An offer to buy the site was revealed through URA on April 15th 2021. The bid was closed on the 22nd day of July 2021.
It's the site with a total area of the area of 185,139 square feet . It is expected to transform into a mixed-use area which will comprise 605 dwellings along with an area of about 86,100 square feet that will be used for commercial. The parcel of land is situated within Lentor Modern is just 3 five minutes walk from the planned Lentor MRT Station, on Thomson East Coast Line (TEL).
Lentor Modern is a only a few steps away and is just five minutes to Lentor MRT Station. The residents of the Lentor Modern Condo will enjoy simple and fast commutes to the City area and other areas of Singapore through the public transportation system. The condominium is two steps of Lentor MRT Station. It is scheduled to be completed in 2020. Within the next few months, the residents of Lentor will an access point to Thomson East Coast Line and get a speedy and efficient journey to City region as well as other regions of Singapore by public transportation system. With the Thomson East Coast Line Thomson East Coast Line Thomson East Coast Line future residents must go through seven stations before arriving at Orchard MRT Interchange. Orchard MRT Interchange which operates along with it's North South Line.
for food, shopping entertainment and leisure facilities, Lentor Modern Condo residents can visit Thomson Plaza where numerous retail establishments and eateries are available to satisfy the requirements of the residents. Additionally, residents are able to take just a short drive to Ang Mo Kio Hub located in Ang Mo Kio Town Centre. There are numerous restaurants located within the shops along Sembawang Road.
Local schools near the new condominium at Lentor Modern Condo include CHIJ Saint Nicholas Girls' school (Primary), Ai Tong School, Ang Mo Kio Primary School, Mayflower Primary School, Peirce Secondary School, Bishan Park Secondary School Mayflower Secondary School Saint Nicholas Girls' school (Secondary), Ang Mo Kio Secondary School along with Yio Chu Kang Secondary School.
Services include: infinity pool spa lap pool fitness, the gym sundeck with yoga spa and barbecue pits, a clubhouse as well as the pool bar and dining area, the outdoor area the reading cove, leisure gardens and functional space as well as a walking trail, and additional. From the breathtaking gardens to the vibrant colors that make up the streets, it is evident in all that takes place in the region. Every moment should be enjoyed, contemplated and treasured.
GuocoLand belongs to Malaysia's billionaire Quek Cheng's Hong Leong Group. The cost of their offer will be 4.5% higher than the second-highest bid of S$750 million. S$1,152 per sq ft , per ppr which is that is offered by a consortium made up of Hong Realty, TID Residential and Intrepid Investments. Kwek Leng Beng, Quek Chen's uncle, is the director of his business which is Hong Leong Group Singapore. Hong Leong Group Singapore, comprised of all three businesses.
Plans are in place to change the Lentor Central GLS site to an open-air development with a 25-storey height comprising about 605 housing units and commercial first-floors. Alongside F&B and retail outlets and an option of having a supermarket and a child care facility of 10,000 sq ft.
Because of the growing HDB sales market and the growing need for HDB resales and upgrades, the market will witness increasing numbers of HDB upgraders considering Lentor Modern as one of their options. Additionally, there is a smaller number of launches of new condos by 2022. Therefore, the increase in demand in Lentor is anticipated. The most recent launch of a new condo included 421 units at The Calrose in 2005.