Summary: GuocoLand has fully sold Lentor Modern and Midtown Modern, reflecting keen interest in new projects that blend easy transport access and practical amenities.
Introduction 1: Welcome, homeowners and buyers. Think of Lentor Modern and Midtown Modern as two shining examples of well-placed projects that move fast in today’s market. GuocoLand has announced both developments are now fully sold, sending a clear signal that these homes are hitting the right notes with location, layout, and daily amenities.
The final apartment sold at Lentor Modern measures 1,130 sq ft and was purchased at $2.4 million ($2,126 psf) on Jan 19, marking the last piece of a 605-unit puzzle. The project was first introduced in September 2022 and attained a complete sell-out within 2½ years of launch, achieving an approximate average of $2,107 psf.
Lentor Modern’s strong take-up echoes the momentum seen at Midtown Modern, which averages about $2,825 psf. This 99-year leasehold at Tan Quee Lan Street forms part of the larger Guoco Midtown integrated project, launched in March 2021 and now fully sold.
Home-seekers who prioritize convenience appear attracted to Lentor Modern. This 99-year leasehold spans three tall residential buildings and includes a spacious retail zone with a supermarket, childcare facility, and food-and-beverage options. Its direct link to Lentor MRT Station on the TEL is a key selling point.
The mall portion of Lentor Modern is more than 50% taken, highlighted by anchor tenants CS Fresh and ChildFirst. This setup lets residents handle daily activities without leaving the development.
Lentor Modern launched first in the Lentor Hills area and received 84% sales on day one. GuocoLand is also part of three more local projects with other partners, showing the developer’s extensive involvement in shaping the neighborhood.
In July 2023, GuocoLand, Hong Leong Holdings, and TID introduced the 598-unit Lentor Hills Residences, which is now 99% sold at roughly $2,099 psf. Another project, Lentor Mansion, saw 75% of its 533 units taken within two days of launch last March and is now 97% sold.
The next project in the pipeline is Lentor Central Residences, targeting a launch in 1Q2025. GuocoLand, Hong Leong Holdings, and CSC Land Group (Singapore) will deliver 477 apartments split across two high-rise buildings.
GuocoLand, with Hong Leong Holdings, is preparing a project at Upper Thomson Road (Parcel B) on a 344,700 sq ft plot. It will hold 941 apartments in five towers and include a portion of the original Upper Thomson Secondary School for a heritage element.
Dora Chng, GuocoLand’s Residential Director, remarks, “The interest in Lentor Modern and our other projects confirms that well-placed, premium condos remain sought after.” She adds that Lentor Central Residences should follow the same trend, thanks to proximity to the Lentor Modern mall and MRT.
Lentor Central Residences PSF
Conclusion: Investors and families shopping for a home may look ahead to more openings in the Lentor Hills estate and Upper Thomson area. As each project sells quickly, buyers can keep an eye on launch dates to snap up available units.