PROJECT DETAILS

LOCATION MAP and AMENITIES

New and Upcoming Condo in Lentor Central is standing near to new Lentor MRT station, along the Thomson-East-Coast Line. A less than a 5 minutes walk distance to the Lentor MRT Station adds convenience and efficiency to the residents of the Condo in Lentor Central.

NORTH-SOUTH CORRIDOR TO BE READY IN 2026

North-South corridor, when completed in 2026, will ease traffic from the North into the City and vise versa, especially on the Central Expressway (CTE) and roads like Thomson Road and Marymount Road, cutting travelling time for drivers. 

It will offer better connectivity to towns like Woodlands, Sembawang, Yishun, Ang Mo Kio, Bishan and Toa Payoh. Dedicated bus lanes will have 10 to 15 minutes off bus rides to and from the city. And cycling trunk routes will also be build to the city centre. 

NEW MRT CONNECTIVITY- THOMSON EAST COAST LINE

Thomson Line- More options of accessibility with lesser time travelled

Thomson Line Stages of opening

Stage 1- January 2019 to December 2019

Thomson Line TSL will be completed in 3 stages. The first stage will have 3 stations, Woodlands North MRT Station, Woodlands MRT Station and Woodlands South MRT Station.

Stage 2: January 1 2020 to December 31  2020

The second stage, which will be completed by 2020, will have 6 stations, stretching from Springleaf  MRT Station to Caldecott MRT Station.

Stage 3: January 1 2021 to December 31 2021

The last stage of Thomson Line TSL which is due to be completed by 2021, stretching from Mount Pleasant MRT Station to Gardens by the Bay MRT Station, Thomson Line TSL will serve 400,000 commuters daily.

Together with North South Expressway, connectivity wil expand manifold.

SINGAPORE PROPERTY MARKET

Singapore’s property market has one of the best long term returns on equity performance out of most investment instruments available.

And that has to do largely with the strength of the Singapore dollar, the availability of high leverage, and the attraction of Singapore to the international audience, not just as a region to invest in, but as an asset class on its own.

CHECKLIST REQUIREMENTS

Before you embark on searching for your investment property, it is important to have gone through this checklist below.

1. Finances

We will advise about your finances to understand the initial cash/Central Provident Fund (CPF) outlay required.

Having an experienced third party do an assessment would help you prevent costly beginner mistakes that could seriously hamper your journey to financial freedom.

We will help you assess the minimum cash and CPF required for the down payment, buyer stamp duties, legal fees and miscellaneous costs, as well as advise you on an investment road map for the best acquisition strategy as you progress along and acquire more properties.

2. Loan eligibility

The current Total Debt Servicing Ratio (TDSR) framework makes it especially important for investors to check on their maximum loan eligibility so that there are no nasty surprises after placing a deposit.

In this case, this should be one of your priorities early on and we will assist you on this.

3. Manner of holding

For investors who already own an HDB flat or private home and are acquiring their second property, we will advise you on the various options available to optimise tax savings (which can be significant) and qualify you for more funding options.

This is especially important for those who intend to grow their portfolio of properties and would require access to higher leverage and lower costs.

4. Investment goal and horizon

Having a clear idea of your investment goal horizon helps you narrow down the segments you should focus on; saving you precious time and energy.

Examples

– Are you investing in properties to provide a consistent source of passive income?

In this case, focus on areas with low vacancy rates and a high tenant catchment pool.

– Are you investing in properties short term to ride the market trend?

In this case, are you financially prepared to hold on in case a black swan event occurs?

– Are you investing in properties with en bloc potential?

In this case, are you well advised on which properties have genuine potential?

Not all old properties have en bloc-ability.

After going through the above points, the following are factors that have served me and my clients well in the past as an investment criteria checklist.

WON TOP BID FOR CONDO DEVELOPMENT AT LENTOR CENTRAL

Singapore-listed GuocoLand offered to pay more than S$784 million ($576 million) for a private condo project near the upcoming Lentor Central MRT station on the Thomson-East Coast Line, giving it the highest bid for the 60,480 square metre (651,001 square foot) project near Nanyang Polytechnic in the northern part of the city.

“They (the bids) are bullish but not completely out of expectations given the locational attributes of the sites, especially for the Lentor Central site,” said Lam Chern Woon, head of research and consulting for local property agency Edmund Tie. He added that, “In spite of the pandemic, the property market has achieved steady sales with pricing on an uptrend after a brief dip.”

Just one day after the tender results were announced, the URA’s statistics on Singapore’s property market for April through June showed a fifth straight quarter of rising prices as private home sales jumped 73 percent over last year’s COVID-driven lows

To win its 185,139 square foot site in the Lentor Hills Estate in Singapore’s Ang Mo Kio Planning Area, GuocoLand, which is part of Malaysian tycoon Quek Leng Chan’s Hong Leong Group, will still need to win approval for its design proposal under Singapore’s two-envelope land sale system.

Once the 99-year leasehold property is in hand, the project will include no more than 8,000 square metres of commercial space on the first floor, with a supermarket and early childhood development centre required to be part of the mix. The site is estimated to yield 605 housing units.

At the compensation offered, GuocoLand will be paying the equivalent of S$1,204.47 per square foot of built space after outbidding the second-ranked offer from units of the Hong Leong Group, which is helmed by Quek Leng Chan’s Singaporean cousin Kwek Leng Beng.

Units in the Lentor Central Project are expected to sell for around $2,000 per square foot, which would set a new benchmark for the up and coming area, according to Edmund Tie’s Lam.

“The high bid price and tight winning margin reflects a recognition of the pent-up demand arising from the lack of launches in this area for over a decade,” Lam said. “Connectivity is excellent with the site being integrated to the upcoming Lentor MRT Station on the Thomson East Coast Line.”

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