Introduction
Lentor Mansion is a new condominium project developed by GuocoLand and Hong Leong Holdings. With 533 units, it is one of the latest additions to the Lentor series of projects. In this blog, we will delve into the details of Lentor Mansion and analyze its features, pricing, and potential as an investment opportunity.
Five Reasons to Consider Buying Lentor Mansion
- Value for Money: Despite being priced higher in terms of PSF, Lentor Mansion offers competitive overall quantum and attractive pricing compared to other developments in the area.
- Convenience: With a location just 5 minutes away from an MRT station and a mall, Lentor Mansion offers easy access to daily necessities and commuting options.
- Design and Facilities: Lentor Mansions boasts a spacious land plot, allowing for a variety of facilities. The development also features a unique clubhouse design inspired by colonial houses.
- Exit Strategy: Lentor Mansion is within 1km of reputable school CHIJ St. Nicholas Girls’ School and Anderson Primary School, making it an ideal choice for families with school-going children.
- Affordability: With competitive pricing across different unit sizes, Lentor Mansions offers a range of options to suit various budgets and preferences.
Pricing and Developer Background
The developer, GuocoLand and Hong Leong Holdings, purchased the land for Lentor Mansion at S$985 per square foot. This price is slightly lower compared to previous Lentor projects such as Lentor Hills and Hillock Green. However, it is important to note that the price per square foot does not determine the value of the units. The developer takes into account various factors such as construction costs, marketing expenses, and profit margins. Based on these considerations, the developer is expected to sell their three-bedroom units at around S$1,950 per square foot.
Location and Amenities
Lentor Mansion boasts a strategic location near MRT stations and offers a range of amenities for its residents. It is actually part of the Ang Mo Kio planning area. The area offers direct access to nature parks and is served by the Thomson East Coast Line, which connects to both Johor Bahru and Changi Airport. In addition, the future North-South Corridor will further enhance connectivity to the CBD and reduce travel time for motorists.
The proximity to MRT station is a crucial factor when considering the convenience of daily commuting. Lentor Mansion is located just five-minute walk from Lentor MRT station, making it easily accessible for residents.
Unit Layouts, Sizes and Prices
Lentor Mansion offers a variety of unit layouts, ranging from two-bedroom to five-bedroom units. The developer has shown a commitment to catering to both investors and individuals looking for their own homes. Approximately 40% of the units are designed for investment purposes, while the remaining 60% are ideal for personal use. The sizes of the units vary, with the smallest two-bedroom unit measuring 527 square feet and the largest five-bedroom unit spanning 1,485 square feet. The layout and design of each unit are carefully planned to maximize space utilization and offer comfortable living.
The two-bedroom units are priced competitively, starting at S$1.14 million, making them one of the most affordable options near an MRT station. The three-bedroom units start at 786 square feet, and there are also options for four-bedroom and five-bedroom units.
The Harmony Project
Lentor Mansion stands out from other projects as it is the first Harmony project developed by GuocoLand and Hong Leong Holdings. The Harmony concept focuses on not including an aircon ledge within the building area, resulting in larger unit sizes. This unique feature enhances the overall living experience for residents. The Harmony project is expected to set a new benchmark for prices in the area. It is anticipated that the per square foot price will increase due to the added value of the Harmony concept.
Pricing Comparison and Investment Potential
When comparing the prices of Lentor Mansion to previous Lentor projects, such as Lentor Hills and Hillock Green, it is evident that Lentor Mansion offers a more affordable option. Lentor Mansion is priced at a 7% discount compared to Lentor Hills and a 13.2% discount compared to Hillock Green. This makes Lentor Mansion an attractive investment opportunity with the potential for future appreciation.
Conclusion
In conclusion, Lentor Mansion offers a range of attractive features, including its prime location, extensive amenities, and spacious unit layouts. The project’s pricing is competitive, and the Harmony concept adds value and sets a new benchmark for prices in the area. Although there may be concerns about potential oversupply in the market, Lentor Mansion’s proximity to MRT stations and its unique features position it as an excellent choice for both investors and individuals seeking their own homes. With its potential for appreciation and desirable features, Lentor Mansion proves to be a compelling investment opportunity.
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