{"id":3208,"date":"2024-03-04T12:13:47","date_gmt":"2024-03-04T04:13:47","guid":{"rendered":"https:\/\/pinegroveresidence.sg\/navagrove\/?p=3208"},"modified":"2024-03-04T12:13:47","modified_gmt":"2024-03-04T04:13:47","slug":"tid-sells-50-units-or-19-of-lentoria-project-at-launch-at-s2120-psf-average","status":"publish","type":"post","link":"https:\/\/pinegroveresidence.sg\/navagrove\/tid-sells-50-units-or-19-of-lentoria-project-at-launch-at-s2120-psf-average\/","title":{"rendered":"TID sells 50 units or 19% of Lentoria project at launch, at S$2,120 psf average"},"content":{"rendered":"<p>During the launch weekend on March 2 and 3, <a href=\"https:\/\/lentorcollection.sg\/tid-launches-lentoria-at-prices-from-s1965-psf\/\" target=\"_blank\" rel=\"noopener\">TID<\/a> successfully sold 50 units of its <a href=\"https:\/\/lentorcollection.sg\/lentoria\/\" target=\"_blank\" rel=\"noopener\">Lentoria<\/a>\u00a0project, accounting for 19% of the development, with prices starting at S$1,958 per square foot (psf). Notably, over 70% of the sold units were two and three-bedroom configurations ranging from 700 sq ft to 1,119 sq ft. <a href=\"https:\/\/lentorcollection.sg\/lentoria\/\" target=\"_blank\" rel=\"noopener\">Lentoria<\/a>, situated in District 26, is the fourth new launch in the Lentor area, part of the Lentor Hills estate, developed by <a href=\"https:\/\/lentorcollection.sg\/tid-launches-lentoria-at-prices-from-s1965-psf\/\" target=\"_blank\" rel=\"noopener\">TID<\/a>, a joint venture between <a href=\"https:\/\/lentorcollection.sg\/guocoland-hong-leong-holdings-tie-up-is-sole-bidder-for-lentor-gardens-site-at-ura-tender\/\" target=\"_blank\" rel=\"noopener\">Hong Leong<\/a> Group and Mitsui Fudosan.<\/p>\n<p>Prospective buyers were attracted by the project&#8217;s plan to serve its notice of vacant possession by July 2027. The overall average price for the units was S$2,120 psf. Despite the successful sales, the take-up rate of 18.7% is noted as the lowest among the <a href=\"https:\/\/lentorcollection.sg\/\" target=\"_blank\" rel=\"noopener\">Lentor Hills estate<\/a> projects launched so far.<\/p>\n<p>Lentoria&#8217;s unique selling points include not being bound by the typical pre-fabricated pre-finished volumetric construction method, providing homeowners with the flexibility to modify internal layouts according to their preferences. The Lentor area has witnessed several recent launches, including <a href=\"https:\/\/lentorcollection.sg\/lentor-modern\/\" target=\"_blank\" rel=\"noopener\">Lentor Modern<\/a>, <a href=\"https:\/\/lentorcollection.sg\/lentor-hills-residences\/\" target=\"_blank\" rel=\"noopener\">Lentor Hills Residences<\/a>, and <a href=\"https:\/\/lentorcollection.sg\/hillock-green\/\" target=\"_blank\" rel=\"noopener\">Hillock Green<\/a>. Analysts suggest that the slower sales at <a href=\"https:\/\/lentorcollection.sg\/lentoria\/\" target=\"_blank\" rel=\"noopener\">Lentoria<\/a>\u00a0might be indicative of a potential saturation point in condo sales within the Lentor area. ERA CEO Marcus Chu emphasized that homebuyers in the region often take their time comparing different offerings before making a purchase, especially when buying for personal residence purposes. <a href=\"https:\/\/lentorcollection.sg\/lentoria\/\" target=\"_blank\" rel=\"noopener\">Lentoria<\/a>\u00a0stands out as an appealing option for those seeking smaller and more exclusive projects in the area. GuocoLand&#8217;s ongoing previews of <a href=\"https:\/\/lentorcollection.sg\/lentor-mansion\/\" target=\"_blank\" rel=\"noopener\">Lentor Mansion<\/a>, the latest project in Lentor Hills, suggest a continuous trend of condominium launches in the region.<\/p>\n<p><a href=\"https:\/\/www.businesstimes.com.sg\/property\/tid-sells-50-units-or-19-of-lentoria-project-at-launch-at-s-2-120-psf-average\" target=\"_blank\" rel=\"nofollow noopener\">The Business Times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>During the launch weekend on March 2 and 3, TID successfully sold 50 units of its Lentoria\u00a0project, accounting for 19% of the development, with prices starting at S$1,958 per square foot (psf). Notably, over 70% of the sold units were two and three-bedroom configurations ranging from 700 sq ft to 1,119 sq ft. Lentoria, situated [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3209,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[],"class_list":["post-3208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-property-news"],"_links":{"self":[{"href":"https:\/\/pinegroveresidence.sg\/navagrove\/wp-json\/wp\/v2\/posts\/3208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pinegroveresidence.sg\/navagrove\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pinegroveresidence.sg\/navagrove\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pinegroveresidence.sg\/navagrove\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pinegroveresidence.sg\/navagrove\/wp-json\/wp\/v2\/comments?post=3208"}],"version-history":[{"count":1,"href":"https:\/\/pinegroveresidence.sg\/navagrove\/wp-json\/wp\/v2\/posts\/3208\/revisions"}],"predecessor-version":[{"id":3210,"href":"https:\/\/pinegroveresidence.sg\/navagrove\/wp-json\/wp\/v2\/posts\/3208\/revisions\/3210"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pinegroveresidence.sg\/navagrove\/wp-json\/wp\/v2\/media\/3209"}],"wp:attachment":[{"href":"https:\/\/pinegroveresidence.sg\/navagrove\/wp-json\/wp\/v2\/media?parent=3208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pinegroveresidence.sg\/navagrove\/wp-json\/wp\/v2\/categories?post=3208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pinegroveresidence.sg\/navagrove\/wp-json\/wp\/v2\/tags?post=3208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}