The 477-unit Lentor Central Residences at Lentor Hills Road recorded an impressive 93.3% take-up rate by Sunday evening (March 9), with 445 units sold at an average price of S$2,200 per square foot (psf). Developers Hong Leong Holdings, GuocoLand, and CSC Land Group noted that the three-bedroom and four-bedroom units were the most sought-after.

About 90% of buyers were Singaporeans, with permanent residents and foreigners making up the remaining 10%. Most purchasers were owner-occupiers.

The average price at Lentor Central Residences was competitive compared to other Outside Central Region (OCR) projects such as Chuan Park (S$2,579 psf) and Elta in Clementi (S$2,537 psf). The project’s proximity to an MRT station and commercial amenities, along with limited unsold stock in the area, contributed to its strong sales performance.

Before this launch, over 90% of the 2,477 units from five previous projects in Lentor Hills had already been sold, demonstrating the sustained demand for mass-market private condominiums.

As of early March, only 147 units remained unsold across the earlier Lentor Hills projects, primarily comprising three-bedroom and larger units. The launch of Lentor Central Residences has helped replenish the dwindling supply of new homes in the precinct.

Land Acquisition and Pricing

The 158,263-square-foot Lentor Central Residences site was acquired at S$982 per square foot per plot ratio (psf ppr), the lowest land rate recorded in the area since the government began selling sites there in 2021. The previous five plots in the estate were transacted at S$985 to S$1,204 psf ppr.

Since September 2022, six residential projects with a total of 2,954 units have been launched in Lentor Hills, with 93% of units sold, including the latest sales from Lentor Central Residences. The project’s successful launch weekend sales percentage even outperformed Lentor Modern, an integrated mixed-use development, which achieved an 84% sales rate at launch.

Prices at Lentor Central Residences started at:

• S$975,000 (S$2,106 psf) for one-bedroom units (463 sq ft and up)

• S$1.388 million (S$2,047 psf) for two-bedroom units (678 sq ft and up)

• S$1.813 million (S$1,981 psf) for three-bedroom units (915 sq ft and up)

• S$2.368 million (S$2,000 psf) for four-bedroom units (1,184 sq ft and up)

Key Demand Drivers

Beyond pricing, the project’s appeal is bolstered by its proximity to Lentor Modern Mall, Lentor MRT Station on the Thomson-East Coast Line, and nearby primary schools such as Anderson Primary, Mayflower Primary, and St. Nicholas Girls’ School.

Conclusion

The weekend’s strong sales reinforce the continued demand for well-located, competitively priced residential projects in Singapore. Lentor Central Residences’ near sell-out performance underscores the enduring appeal of Lentor Hills, while Aurelle of Tampines’ robust take-up highlights the strong demand for executive condominiums. With supply tightening, future launches in these areas are likely to continue attracting keen interest from homebuyers.