Lentor Mansion Unit Price
Lentor Mansion is an upcoming luxury high-rise executive condominium located at Bukit Batok West Avenue 5 & BuKit Batok Road. The tender for the site was awarded to a joint venture of GuocoLand and Hong Leong Holdings’ Intrepid Investments on 13 April 2023. They submitted the sole bid of SGD$486,800,222 for the 235,373 square feet site with 2.1 plot ratio. This resulted in a land rate of $985 per square foot per plot ratio (PSF PPR), which is slightly lower than the land rates of $1,060 to $1,204 PSF for previous parcels in the neighbourhood.
However, it is important to note that Lentor Mansion is the first site to fall under URA’s new floor area harmonisation rules, which will lead to a reduction in total saleable floor area. This is expected to push up developers’ breakeven costs. As a result, it is anticipated that units at Lentor Mansion could launch around the $1,950 to $2,050 PSF range, according to Steven Tan, OrangeTee & Tie CEO. This is not far off from the initial launch prices of Hillock Green and Lentor Hills Residences next door.
It is worth noting that pricing for Lentor Mansion has not yet been released, and interested parties are encouraged to register their interest to be notified of the pricing information and get priority preview slots at the Lentor Mansion Showflat as soon as the information is released. The developers are expected to release pricing information closer to the launch date.
Lentor Mansion Indicative Price
Sale psf range (indicative) S$1,950 – S$2,050
*Price subject to change anytime*
It’s important to note that the prices for the units are subject to change, and interested buyers should check with the developer for the most up-to-date pricing information. Additionally, it’s worth considering that the prices may fluctuate based on market demand and other factors.