Lentor Garden Residences experienced a robust sales performance on its launch day, with young couples and singles, often supported by their parents, dominating the buyer demographic. The development’s efficient unit layouts were particularly appealing, resulting in a complete sell-out of the 3-bedroom Compact and 3-bedroom Compact + Study units, with all 15 units of each type snapped up within hours.
The development’s appeal extended beyond these compact units. The 2-Bedroom Premium (HS) units achieved a 93% sales rate, with 28 out of 30 units sold, whilst the 3-Bedroom Premium units saw a 79% take-up, with 61 out of 77 units sold. The commercial segment also mirrored this success, with all three retail shop units sold at an average price of $2,550 per square foot.
Justin Quek, Deputy Group CEO of Realion (OrangeTee & ETC) Group, noted the strong demand for functional spaces at a reasonable price point, with unit prices averaging between $2.05 million and $2.21 million. He highlighted the development’s strategic location near Lentor MRT station and Lentor Modern mall, as well as its proximity to reputable schools like Anderson Primary School and CHIJ St Nicholas Girls’ School, as key factors enhancing its attractiveness.
With limited housing supply in the Lentor precinct and only one more project expected to launch next year, sales momentum for Lentor Garden Residences is anticipated to continue. The development’s competitive pricing, thoughtful design, and premium location are expected to keep it in high demand among owner-occupiers and families.
