Overview Rating
Overall, based on my analysis and evaluation of these factors, I would rate Lentor Hills Residences as an 7 out of 10 in terms of investment potential.
Tenure
Lentor Hills Residences has a leasehold tenure of 99 years. While some may prefer freehold properties due to their perceived value in the long run, developments under leasehold tenure can offer appealing investment opportunities if priced reasonably. Based on this factor alone, I would rate it 7/10.
Amenities
Lentor Hills Residences has excellent connectivity as it is situated less than a 5-minute walk from Lentor MRT station on the Thomson-East Coast line (TEL). The development is also near several reputable schools such as CHIJ St. Nicholas Girls’ School, Anderson Primary School and Presbyterian High. There will be a shopping mall at Lentor Modern, an integrated and mixed-use development that will feature approximately 50 shops including cafes, restaurants, clinics, and more. As for outdoor activities, there are parks nearby like Lower Peirce Reservoir Park and Bishan-Ang Mo Kio Park. Based on these factors, I would rate its proximity to amenities as 9/10.
Future Development
According to URA Master Plan 2019, Lentor Hills Residences is situated within an area zoned for residential development with pockets of greenery and parks surrounding it. The future development of Lentor Modern will bring more shopping and dining options to the area. Based on these factors, I would rate its future development potential as 7/10.
Sale PSF Price
The indicative price range for Lentor Hills Residences has not been released yet by the developer but with similar surrounding projects we can speculate that the average PSF may be around $1,971 – $2,585 depending on unit types which is comparable to other condos in different regions in Singapore. It’s essential to note that pricing may vary depending on market conditions at launch. Without knowing the actual price range of Lentor Hills Residences yet, I cannot give a specific rating for this factor.
Resale Potential
Given its excellent connectivity to transportation hubs and proximity to various amenities such as shopping malls and reputable schools in a private housing enclave with around seven new launch condos, I believe that Lentor Hills Residences has good resale potential. However, the future market conditions can also impact the condo’s resale value. Based on these factors, I would rate the resale potential of Lentor Hills Residences as 8/10.
Rental Yield
With its proximity to amenities such as MRT station and schools nearby, Lentor Hills Residences could attract tenants easily and generate good rental yield for investors. According to Q1 2021 data, the average rental yield for non-landed private residential properties in Singapore was around 2.8%. Based on this factor, I would give it a rating of 8 out of 10.
Lentor Hills Residences is a new launch condominium located in the Lentor Hills neighborhood at 31 Lentor Hills Road, Singapore 788881. The development is expected to yield 598 residential units of 1 to 4-bedroom apartments. It is being developed by Intrepid Investments Pte. Ltd., GuocoLand (Singapore) Pte. Ltd., and TID Residential Pte. Ltd.
Location:
Lentor Hills Residences is located less than a 5-minute walk from Lentor MRT station on the Thomson-East Coast line (TEL). With excellent connectivity, the development offers easy access to various parts of Singapore via public transportation or major expressways such as Seletar Expressway. Furthermore, the condo is close to reputable schools within the vicinity, such as CHIJ St. Nicholas Girls’ School and Anderson Primary School, making it ideal for families with school-going children. There are also plenty of amenities nearby, including malls like AMK Hub and eateries such as Happy Kampong Seafood and Yahava Koffee Works.
Units:
Lentor Hills Residences features a mix of unit sizes ranging from 1 to 4-bedrooms apartments spread over five blocks with 37 stacks in total. Each unit type has multiple configurations suited to different needs, with some units offering unblocked views due to its location in a tranquil neighborhood adjacent to landed homes and private condos surrounded by nature reserves.
Price:
As of May 29th, 2023, indicative prices for Lentor Hill Residences have not been released yet, but interested buyers can expect prices comparable with other new launch developments in the area.
Conclusion:
Lentor Hills Residences offers an attractive option for those looking for quality living in a serene environment close to city conveniences. With excellent connectivity via public transportation or major expressways, residents can easily access various parts of Singapore while staying close to top-notch amenities like malls, eateries, and reputable schools. The units offer a range of sizes with multiple configurations suited to different needs, and some units offer unblocked views. While indicative prices are yet to be announced; Lentor Hills Residences represents a good investment opportunity for interested buyers in the area.
