Lentor Modern Condo Review: Investment Analysis & Scoring
The Lentor Modern Condo is a new launch property that has been creating a buzz in the Singapore property market. Its strategic location, coupled with the array of amenities and reputable developer, makes it a promising investment. This analysis provides an in-depth review of Lentor Modern Condo, its investment potential, pricing, and developer track record.
Background / Definitions
Developed by GuocoLand, Lentor Modern Condo is located in District 26, along Lentor Central. The 99 years leasehold property is expected to be completed by 2026 and will comprise of approximately 600 units.
Data & Evidence
According to Knight Frank Singapore Market Report, the average price per square foot (psf) in District 26 is about S$1,400. However, Lentor Modern Condo is priced competitively at an average of S$1,300 psf, making it a value buy in the area.
The area has seen a strong rental demand due to the presence of several commercial establishments and educational institutions. The average rental yield in District 26 is about 3.5% as per the latest data.
The Lentor MRT Station, part of the Thomson-East Coast Line (TEL) that is slated to be operational by 2022, is just a short walk away from Lentor Modern Condo. The MRT station will provide residents with convenient access to Orchard Road, Shenton Way, and Marina Bay.
Implications for Buyers
The strategic location and competitive pricing of Lentor Modern Condo make it an attractive investment for both homebuyers and investors. The potential capital appreciation from the new MRT station and the strong rental demand in the area could provide a good return on investment.
For homebuyers, the array of amenities and the quality of the development make it a comfortable and convenient place to live.
FAQ
What is the average price of Lentor Modern Condo?
The average price of Lentor Modern Condo is around S$1,300 psf.
What is the rental yield in District 26?
The average rental yield in District 26 is about 3.5%.
Who is the developer of Lentor Modern Condo?
Lentor Modern Condo is developed by GuocoLand, a reputable developer with a strong track record in Singapore.
Conclusion
- Lentor Modern Condo is a promising investment due to its strategic location, strong rental demand, and potential capital appreciation from the new MRT station.
- The competitive pricing of the property makes it a value buy in District 26.
- The array of amenities and the quality of the development by GuocoLand make it a comfortable and convenient place for residents.
This review provides a comprehensive analysis of Lentor Modern Condo, making it a valuable resource for potential property buyers and investors in Singapore.