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1) Looking to Upgrade from your
HDB or EC which has reached MOP or
Own a 2nd Property?
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2) If you are earning between
$8,000 and $11,000 or more,
do you choose BTO, EC or Condo
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PROJECT DETAILS

 

The Urban and Development Board (URA) has a private residential site in Lentor Central, about 5 minutes walk to upcoming Lentor MRT Station, as part of Government Land Sales (GLS), in 1st quarter of 2021. It is located within walking distance to Lentor MRT Station, serving Thomson-East Coast Line (TEL). it has a site area of     square feet and will house approximately 600 residential apartments.

 

Lentor, located in the Northern Region of Singapore. The residents will benefit from Lentor MRT Station. 


New Condo at Lentor Central- Connectivity
New and upcoming Condo in Lentor Central, is a stone throw away, about 5 minutes to Lentor MRT Station. New Lentor Central Condo's residents can experience fast and convenient commuting to City area and various parts of Singapore with this public transportation system.

New and upcoming condo in Lentor Central is a stone throw away to Lentor MRT Station. It is due to be completed by 2020. By then, future residents will be able to access to the Thomson East Coast Line and experience fast and convenient commuting to City area and various parts of Singapore with this public transportation system. Using the Thomson East Coast Line, future residents of New Condo at Lentor Central, just need to commute 7 stations to get to the Orchard MRT Interchange which operates also the North South Line.

For future residents of New Condo at Lentor Central who drive, it is approximately 10 minutes of drive to Singapore’s main shopping district, i.e. Orchard Road. It will take future residents of new condo at Lentor Central 13 minutes of driving to get down to the down town Central Business District (CBD). They can also use the nearby Central Expressway (CTE), the Seletar Expressway (SLE) and the Pan Island Expressway (PIE) to access to various parts of Singapore.

 

New Condo at Lentor Central- Education
Local education institutions that are nearby new condo at Lentor Central 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, CHIJ Saint Nicholas Girls’ School (Secondary), Ang Mo Kio Secondary School and also Yio Chu Kang Secondary School.

 

New Condo at Lentor Central- Amenities
For dining, shopping, entertainment and leisure facilities, New Lentor Central Condo residents can head towards Thomson Plaza where numerous retail shops and dining are there to serve residents' needs. Alternatively, they could also take a short drive down to Ang Mo Kio Hub located at Ang Mo Kio Town Centre. There are also several eateries located at the shophouses along Sembawang Road.


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Project

 Lentor Central Condo
Developer
Location
District
Tenure  99 years leasehold
Site Area
GFA:
Plot Ratio
Expected TOP:
Total Units   Approximately 600 residential apartments
Total Carpark
Development  Private Condominium comprising of full communal facilities
Unit Type:
Architect
Eligibility  SC, SPR and foreigner can buy (No Restriction)

LOCATION MAP and AMENITIES

New Condo at Lentral Central

SITE PLAN and FLOOR PLANS E-BROCHURE

Lentor Central Condo

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.

WILL THE PROPERTY PRICES IN SINGAPORE BE COMING DOWN?

The Singapore Income growth index has increased over the years and reached an equilibrium with the property price index. Unlike during the mid 2000s, property prices increased to a level which was out of reach to many Singaporeans. This makes prices of condo affordable and per month debt repayment manageable. With an average household income of S$13,000, a couple can choose to purchase a condo price at $2.3m. A good size 3 bedrooms cost around S$1.6m in today's market. Debt ratio versus income has dropped. The drop in interest rate has further reduced the per month repayment.
 
Not only has income in Singapore grown over the years, the household liabilities has dropped significantly for the past decade as well while the property price index held stagnant since the tightening of measures in 2013, TDSR was implemented. Property price index had been stagnant. We had lost 7 years of property prices growth. 
 
During this time, Singapore has structured itself also with a younger working population. This is important as the younger generation are able to drive better our GDP and as well as our consumption growth. Our GDP growth has well exceeded our property price growth during this period. 
 
Forbearance programmes are offered by banks for clients who need short term relief in their installment payment but I see that there will not be many people who need to be utilising this. If you are a buyer looking for investment, do whatever you can to build up some cash reserves, for up to a year would be good, to protect yourself from mortgages. 
 
Singapore shall continue with our productivity growth and further restructure our economy with new jobs.
 
The Economic Development Board (EDB) has managed to secure $13 billion in investment commitments in the first four months of 2020, which has surpassed the targets for the whole year. These investments come partly from electronics and infocomm media sectors. Thousands of jobs will be generated. Due to the change in the market, more jobs will be added to Singapore's capitalisation of the IT industry, namely, semiconductor as Singapore rolls out the 5G technology. We have changed our way of working and our daily lives with the recent pandemic, it has fastern the route on our reliance on the IT, so more jobs will be created in the e-commerce and the digital economic space. Singapore is moving forward with a greater productivity to remain competitive, because in the long run, this is what matters. 
 
Anti-speculation measures have also been implemented over the course of 8 measures. Average holding period for a property has been increased to 8 years. 
 
Additional stamp duty (ABSD) are imposed on buyers for 2nd and 3rd property onwards and slightly higher for PRs. Foreigners who want to have a stake in Singapore's properties will need to pay an additional of 20% in taxes.
 
Qualifying certificate and additional stamp duties (ABSD) are imposed on developers as well to ensure that there is no hoarding of land by them.
 
There is alot of buyers in the market looking to buy a real estate for investment. Please do keep an eye on the number of people buying a home, the available supply of homes for purchase in the market and foreclosure if any. The way that I see, it is unlikely to see a state of foreclosure in Singapore. I am certain to see more buyers than sellers. We have worked for this for the past decade and shall see ourselves coming out of the de-leveraging process. We shall see a gradual growth and sustainable price increase in Singapore homes.

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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.

NEW CONNECTIVITY- NORTH-SOUTH CORRIDOR TO BE READY IN 2026

Residents of New Condo at Lentor Central, North Region of Singapore will experience the efficiency of the North South Expressway which will be ready in 2026 and Thomson Line, full line to be completed in stages by 2021.


Better connectivity for residents staying in Lentor Central

NEW MRT CONNECTIVITY- THOMSON EAST COAST LINE

Residents of the North will experience the efficiency of the North South Expressway which will be ready in 2026 and Thomson Line, full line to be completed in stages by 2021.

Thomson Line-  Rail Network by 2021

Residents of New Condo at Lentor Central gets better connectivity from Lentor MRT Station   

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.

WON TOP BID FOR LAND PARCEL FOR CONDO DEVELOPMENT AT LENTOR CENTRAL

New Condo at Lentor Central

Condo launching near Lentor MRT new

Lentor Central GLS

The site is not sold yet

This site is developing

CONTACT US

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