Overview Rating
Based on my analysis and ratings above, I’d give Lentor Modern Condo an overall score of 7/10. It has excellent access to amenities and public transportation while having reasonable pricing compared to other condos within District 26 standards with similar facilities but without direct MRT access like this one does. Additionally, with its potential resale value and rental yield coupled with upcoming developmental plans in its vicinity makes it an attractive option for those looking at buying a new launch condo in Singapore’s OCR region with quick capital appreciation over time despite being sold under leasehold tenure.
Tenure
Lentor Modern is a leasehold property with 99 years tenure. While leasehold properties are generally cheaper than freehold ones, they might not be as attractive to potential buyers looking for long-term investment or inheritance purposes. Despite this, Lentor Modern’s location and excellent connectivity make it an attractive option for buyers who are not looking at long-term investments. Taking all these into account, I would give a score of 6/10.
Amenities
Based on the information provided, Lentor Modern has a great location in terms of proximity to amenities. It is situated near various shopping malls and food centers like 628 Ang Mo Kio Market & Food Centre, Mayflower Market & Food Centre, and Sembawang Hills Food Centre. Additionally, it is also near several reputable schools such as CHIJ St. Nicholas Girl’s School, Anderson Primary School, and Presbyterian High School. Not to mention that it has direct access to Lentor MRT station. So I would give a score of 9/10 for this factor.
Future Development
ccording to URA’s Master Plan, the area surrounding Lentor Modern is zoned mainly for residential use which means that there aren’t any major commercial or industrial developments planned nearby. However, there are future plans for enhancing connectivity and infrastructure such as the North-South Corridor; these developmental plans will have a positive impact on surrounding areas’ property appreciation over time. Taking all these into account I would give a score of 6/10.
Sale PSF Price
With an indicative sale PSF range starting from $1,880 and considering that the condo is located in District 26 (OCR), which has an average PSF price of around $1,971 according to the given information; we can say that the project’s pricing is reasonable for District 26 standards compared to other condos in the area with similar facilities but without direct MRT access like this one does. Therefore considering all these factors I would give a score of 7/10.
Resale Potential
Considering the positive aspects mentioned above including its proximity to amenities and convenient access to public transportation (especially with its direct connection with the upcoming Thomson-East Coast Line MRT station), Leapark Residences has good potential for resale in the future. Furthermore, the neighboring Lentor Hills estate is also under development, which could potentially boost the property value of Lentor Modern in the long run. So I would give a score of 8/10 for this factor.
Rental Yield
Based on the indicative sale price and average rental yield in Singapore, we can assume that the rental yield for Lentor Modern would be around 3-4%. While this is not as high as some other properties, it’s still a decent return on investment considering its location and amenities. Therefore, I would give a score of 7/10.
Lentor Modern is a 99-year leasehold new launch condominium located at Lentor Central in District 26, Singapore. Developed by GuocoLand, the mixed-use development includes three 25-storey towers with around 605 residential units. Each tower will have a sky terrace and a mix of 1 to 4-bedroom units ranging from approximately 678 sqft to 1,528 sqft. The project is integrated with Lentor MRT station on the Thomson-East Coast Line providing excellent connectivity.
Location:
One of the main advantages of Lentor Modern’s location is its proximity to public transportation, specifically the Lentor MRT station right at the doorstep of the development. This adds convenience and efficiency for residents who need to travel around Singapore easily. Additionally, Lentor Modern is situated in a tranquil neighbourhood of predominantly landed homes and low-rise condominiums with nature reserves and parks close by, providing unblocked views of greenery and lush surroundings that contribute to an overall sense of peacefulness.
The location also provides easy access to popular schools such as Presbyterian High, CHIJ St. Nicholas Girls’ School and Anderson Primary School making it an ideal place for families with children.
While living at Lentor Modern may require some adjustment due to its more secluded location than other urban developments, many amenities are still within reach by car or public transport such as shopping centres like Junction Nine or Northpoint City.
Units:
Lentor Modern offers a range of unit sizes from one bedroom apartments (678 sqft) up to four-bedroom apartments (1,528 sqft) catering to various needs. The practicality and functionality of these units are well-designed with modern fixtures and fittings that cater to contemporary lifestyles.
Each tower has its own unique sky terrace which provides additional space for residents’ leisure activities such as outdoor dining or relaxation areas while enjoying beautiful views from different heights.
Price:
In terms of pricing, Lentor Modern falls within the range of other new launch condominiums in the area. The indicative price range is from $1,088,000 to $1,880,000. Based on current market conditions and comparable properties in the area, Lentor Modern offers competitive pricing relative to its features, amenities, and location.
Conclusion:
Overall, Lentor Modern is a well-designed development that offers residents a tranquil living experience with easy access to nature reserves and parks. It provides excellent connectivity via MRT station which adds convenience for residents who need to travel around Singapore easily. The units are practical and functional with modern fixtures and fittings while also providing unique sky terraces for additional leisure space. Pricing is competitive relative to other new launch condominiums in the area making it an attractive investment opportunity. Thus, Lentor Modern could be an ideal choice for those who value a peaceful environment with good connectivity at a reasonable price point.
