19% of units at Lentoria condo in Lentor Hills sold at launch

Take-up rate is the lowest during the launch weekend of four projects in estate so far

- 

Developer TID's Lentoria condominium project moved 50 units with prices starting from $1,958 per sq ft (psf) during its launch weekend on March 2 and 3.

This works out to roughly 18.7 per cent of the 99-year leasehold development's 267 units.

Of the 50 units sold, over 70 per cent were for two- and three-bedroom units, sized from 700 sq ft to 1,119 sq ft, TID said.

"Prospective buyers were particularly drawn to the fact that Lentoria will be looking to serve its notice of vacant possession by July 2027."

Overall, units were priced at an average of $2,120 psf.

Located in District 26, Lentoria is the fourth new launch in the Lentor area, out of six state land sites sold so far.

The 10,819 sq m site was purchased by TID, a joint venture between Hong Leong Group and Mitsui Fudosan, for $276.36 million ($1,130 psf per plot ratio) in September 2022.