One other day, one other file sale.
Earlier this month, a 4-bedroom unit at Lentor Fashionable was bought for S$3,413,000, setting a file worth for condos in District 26 (Mandai, Higher Thomson).
This additionally means the value is the present all-time excessive for the brand new launch apartment.
Unit is situated on the highest ground
There are a couple of potential components contributing to the file worth.
For starters, Lentor Fashionable is the primary apartment launched within the Lentor property in additional than 20 years. It’s the primary of the seven residential land parcels within the housing property bought below the federal government land gross sales (GLS). For years, the property has predominantly been a landed housing property.
Launched in September 2022, Lentor Fashionable is the one built-in improvement within the space with a direct connection to Lentor MRT and a mall. The mall is slated to comprise round 50 retailers, together with a 12,000 sqft grocery store, eating places and a ten,000 sqft childcare centre.
In the meantime, the record-setting 4-bedroom unit is among the many greatest models within the improvement, spanning 1,528 sqft. This works out to a worth psf of round S$2,234.
Extra importantly, the unit is situated on the highest ground, providing its new house owners unblocked views of the landed housing property.
Document sale heralds extra to return with Lentor Hills Residences launch
Lentor Fashionable was first launched with a beginning worth of S$1,880 psf, with 4-bedroom models ranging from S$2.918 million (round S$1,910 psf).
Like different new OCR condos launched final 12 months, the built-in improvement has seen models bought above the S$2,000 psf mark throughout its launch. Based on 99.co’s Researcher, as of year-to-date, it’s notched a mean worth psf of S$2,074.
In the meantime, Lentor Hills Residences, the second apartment in Lentor, was launched final week at a beginning worth of S$1,834 psf. 4-bedroom models have been priced from below S$2.54 million (from round S$1,816 psf).
However, its launch has seen models bought at a mean worth above S$2,000 psf. As of writing, it’s recorded a mean worth of S$2,099 psf.
For the house owners of the record-breaking Lentor Fashionable unit sale, an even bigger dimension unit could also be one among their priorities than simply worth. A 4-bedroom unit at Lentor Fashionable spans a ground space of 1,528 sqft.
There’s additionally the mall and Lentor MRT because it’s an built-in improvement, which can have contributed to the file sale as effectively.
New launch condos on the market in District 26
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