PROJECT DETAILS
The Urban and Development Board (URA) has a private residential site in Lentor Hill Road, about 5 minutes walk to upcoming Lentor MRT Station, as part of Government Land Sales (GLS), in 4th quarter of 2021.
This land parcel located in Northern Region of Singapore, near Florissa Park, Lentor Drive and Yio Chu Kang Road, It is nestled around the boundaries of Ang Mo Kio, Thomson, Yishun, Sin Ming, Central Water Catchment and Bishan.
It has a site area of 185,139 square feet and is allocated to be developed into a condo development with approximately 265 residential apartments. This land parcel in Lentor Hil Roadis a short 3 to 5 minutes walking distance to upcoming Lentor MRT Station, on Thomson-East Coast Line (TEL).
Other condominiums in the vicinity include Thomson Grove, The Calrose, Far Horizon Garden and Season Park.
New Condo at Lentor Hill Road- Connectivity
New and upcoming Condo in Lentor Hill Road is about 5 minutes to Lentor MRT Station. New Lentor Hill Road 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 Hill Road 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 Hill Road, 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 Hill Road 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 Hill Road13 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 HIll Road- Education
Local education institutions that are nearby new condo at Lentor Hill Road 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 Hill Road- Amenities
For dining, shopping, entertainment and leisure facilities, New Lentor Hill Road 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 Hill Road Condo |
| Developer | |
| Location | Lentor (Ang Mo Kio Planning Area) |
| District | 20 |
| Tenure | 99 years leasehold |
| Site Area | |
| GFA: | |
| Plot Ratio | 3.5 |
| Expected TOP: | |
| Total Units | Approximately 265 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 and Upcoming Condo in Lentor Hill Road 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
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.
NEW CONNECTIVITY- NORTH-SOUTH CORRIDOR TO BE READY IN 2026
Residents of New Condo at Lentor, 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.
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
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.
HONG LEONG HOLDINGS, TID and GUOCOLAND WON TOP BID FOR LAND PARCEL FOR CONDO DEVELOPMENT AT LENTOR HILLS
The top bid of $586.6 million came from a consortium made up of Hong Leong Holdings, GuocoLand and TID (a joint venture between Hong Leong and Mitsui Fudosan). The price worked out to $1,060 psf per plot ratio.
“We are pleased to achieve the highest bid for Lentor Hills Road Parcel A,” says a spokesperson of Hong Leong Holdings. “We plan to build a 600-unit residential development where residents will benefit from the convenience of amenities nearby.” Having Lentor MRT station located across the road “will add to the site’s overall appeal to buyers,” adds the spokesperson.
The Lentor Hills Estate is designed to be a sustainable and pedestrian-friendly neighbourhood in the future. Residents of the new development at Lentor Hills Road Parcel A are expected to enjoy proximity to parks and nature reserves, as well as childcare centre, wide selection of commercial, F&B and retail options.
This is because GuocoLand is developing a new integrated development just across the road. It had won the Lentor Central GLS site last year with a bid of $784.1 million ($1,205 psf ppr). GuocoLand intends to develop three 25-storey, residential towers with 600 units, and a 96,000 sq ft commercial podium with F&B outlets and supermarket. The development will be integrated with the Lentor MRT station that opened last year. The project at Lentor Central is expected to be launched sometime in the second half of this year.
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