Lentor Modern Review: 3 Reasons Why This Is The Ideal Home Of The North
Low Risk: First Mover Advantage
There are 5 other plots of residential land in Lentor Hills that are earmarked for development, of which 3 are going through the tender process in September 2022. With cost of manpower, land and building materials going up in Singapore, together with a shortage of land for new housing, developers of these new sites will likely have to market these upcoming condominiums at a higher price per square feet per plot ratio than Lentor Modern. This benefits owners of Lentor Modern, who can benchmark their exit price on 5 staggered higher rates when these new condos are sold one after the other. The higher prices of these new condos will also establish a higher minimum exit price for first owners at Lentor Modern. This reduces any possibility of loss for buyers who purchase as unit at the initial launch.
High Reward: The Only Residential and Commercial Hub In The Vicinity, With Sheltered Access To MRT Station
The Lentor Modern site is the only mixed commercial and residential development in Lentor Hills estate. It serves as a convenient commercial hub to all families staying in the region, attracting nearby residents who need to get their daily necessities done. This adds value to Lentor Modern as compared to the other condos in the area, as its residents can enjoy the convenience of having amenities at their door step. Furthermore, Lentor Modern has a sheltered access to Lentor MRT station, a blessing for commuters during peak hours and on rainy days. All these translate to a willingness for buyers to pay more as compared to the neighbouring condos. So future sellers not only can ask for a better price, but will also have more keen prospects making offers.
URA Masterplan Around Lentor Modern. Source: URA.gov.sg
Completion Of The Thomson-East Coast Line
With the Thomson-East Coast Line expected to be fully completed by 2024, linking Shenton Way and the Marina Bay Financial Hub to Lentor Hills, the faster commute will become a major reason for working professionals in the Central Business District to want to stay at Lentor Modern. They can leave the hectic work place daily to a quiet and tranquil home next to nature parks without the need to drive, or commute on public transport for hours.
With these 3 key factors supporting the demand and price floor for Lentor Modern, I will recommend this development for investors looking for a steady capital appreciation stemming from the gradual development of the entire area. The fact that the government is changing Lentor Hills into the next new town confirms my expectations that the influx of families will support Lentor Modern condo prices and rents in the middle to long term.
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