In March 2024, the real estate market in Singapore witnessed a significant milestone with the launch of Lentor Mansion, a luxurious residential project developed by GuocoLand. The project's initial offering was met with an enthusiastic response, as 75% of its 533 available units were purchased during the opening weekend. This remarkable uptake represented the most successful new launch since November 2023, highlighting the strong demand for quality housing in the region.
Lentor Mansion is situated within the serene Lentor Hills estate and features a mix of high-rise and mid-rise buildings. Specifically, the development includes three sixteen-story towers and three eight-story blocks, providing a diverse array of living spaces that cater to various preferences and needs. Among the offerings, the two-bedroom apartments were particularly sought after, with all 214 units being snapped up by eager buyers.
The profile of the purchasers was predominantly local, with 99% of them being Singaporeans or permanent residents. This demographic detail underscores the appeal of Lentor Mansion to the domestic market, likely due to its strategic location and the lifestyle it promises. The development is not only part of GuocoLand's trio of projects in the area but also a collaboration with Hong Leong Holdings. With an anticipated completion year of 2027, future residents can look forward to enjoying the benefits of living in a well-appointed home with access to essential amenities and transport options.
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