When it comes to record-breaking sales in the real estate market, the recent launch of Lentor Central Residences is nothing short of impressive. During its launch weekend, 445 of the 477 available units were sold, achieving a remarkable 93% take-up rate. This performance marked the highest percentage of sales for any project in the Lentor Hills estate, easily surpassing the previous record of 84% set by Lentor Modern.
With an average price of $2,200 per square foot, it stands as the best-selling private residential project in Singapore for 2025 so far. Notably, this high interest in new launches reflects market dynamics that influence buyer behavior.
The buyer demographic reveals interesting insights. A whopping 90% of the enthusiastic buyers were Singaporeans, supplemented by 10% consisting of permanent residents and foreigners. Many were first-time buyers or HDB upgraders, showcasing strong interest in securing homes in this emerging neighborhood. Some buyers also shifted from older nearby developments, seeking more modern living options.
Unit pricing for Lentor Central Residences was thoughtfully structured, catering to a variety of needs. Prices for one-bedroom units began at $975,000, with two-bedroom units starting from $1.388 million, and the three-bedroom variants were pegged at $1.813 million, while the four-bedroom units cost $2.368 million.
Particularly, the three and four-bedroom options emerged as the favorites among buyers, likely due to their spacious layouts and family-friendly arrangements. The project also features 477 residential basement lots, enhancing the overall appeal with ample parking solutions for residents. Despite the projected 3% decline in housing prices for 2024, buyers remain confident in the long-term investment potential of properties in promising locations like Lentor.
Developed by Hong Leong Holdings, GuocoLand, and CSC Land Group, Lentor Central comprises two elegant towers that rise 27 and 28 stories high, situated on a site area of 17,279.9 square meters. The project also includes a childcare center, making it even more attractive for families.
Location is another enticing factor; residents can enjoy the convenience of being within walking distance to the Lentor MRT station and nearby malls and schools.
Despite market concerns regarding oversupply, demand remains vibrant, driven by attractive pricing, low-interest rates, and the irresistible charm of the Lentor Hills estate.
