The URA has awarded the tender for the development of Lentor Modern to GuocoLand, which came after they submitted a bid worth S$784.1 million. This translates to S$1,204 psf ppr or $12,964.83 sqm of GFA. Find out more in this article as we’ll uncover more about the Lentor Modern Developer!
GuocoLand, a Singapore-based property firm that has links to Malaysia’s Hong Leong Group submitted its bid through GLL D in an effort featuring nine competitors. Additionally, the second-highest bid was submitted by a group that included TID Residential, Hong Realty, and Intrepid Investment. These are worth $750 million 4.5% lower than the top offer!
Click here to read more about the Lentor Modern developer!
About Guocoland Limited
Besides, Guocoland Limited has been around since 1978! They’re currently listed on the SGX. The group is a leading developer of real estate projects in Singapore, Malaysia, and China with mixed/integrated development.
In 2018, the company expanded into Australian and UK markets in partnership with Eco World International Berhad. This is part of their ongoing effort to provide sustainable development solutions for communities throughout Southeast Asia as well as other regions around the world too!
The Group has completed more than 36 residential projects in Singapore. These contribute to over 10,000 homes that are now available!
GuocoLand is well known for its landmark Guoco Tower, a $3.2 billion integrated development at Tanjong Pagar Centre. This was built in 2016! Also, it is a vertical city that houses the 5-star hotel Sofitel Singapore City Centre, Wallich Residence, and lifestyle retail space. It is also home to F&B space, grade A offices, and a rooftop landscaped urban park.
The group’s impressive portfolio includes townships and various commercial developments in Malaysia too. Additionally, they also have a portfolio of properties in major Chinese cities like Shanghai, Beijing, Tianjin, and Nanjing.
The GuocoLand group is one of Singapore’s most successful property developers. They have assets worth around SGD $11 billion as of 31 December 2020!
An Award-Winning Developer – Lentor Modern Developer
The company is committed to sustainability and eco-friendliness, as proven by its wins like BCA’s Green Mark Award. This include:
- Leedon Residence
- Martin Modern
- Wallich Residence
- Goodwood Residence
- Elliot at East Coast
- Sophia Residence
- The Waterline
- Sims Urban Oasis
Besides, GuocoLand has been recognized for its high-quality products both domestically and internationally.
Lentor Modern Key Selling Points
Below are reasons why the new Lentor Modern is worth purchasing/investing/staying!:
- Lentor Modern residents can enjoy direct public transport access to the CBD, Woodlands Regional Centre, and key areas of Singapore.
- This property offers an excellent location that’s close to amenities of all kinds.
- The Lentor MRT Station will be just a 3-5 minute walk from your doorstep! (Directly Linked)
- Proximity to established schools is one thing that sets this area apart from others. Such as CHIJ St Nicholas Girl’s School, Anderson Primary School, and Presbyterian High School.
- The development will have retail options available within it.
- Lifestyle and entertainment at home with plenty of facilities like the pools, BBQ areas, and clubhouse with gym facilities.
- The newest, most modern 1 to 5-bedroom units with fresh designs.
- Nestled around the areas of Ang Mo Kio, Bishan, Central Water Catchment, Sin Ming, Yishun, and Thomson.
Before moving off, do check out our video to find out more about the Lentor Modern. In this video, we’ll discuss more on the floor plan analysis!
We hope you found this article on the Lentor Modern developer insightful and helpful! We also hope the key selling points of Lentor Modern have intrigued you. This condo will be launching soon so do contact us if you have any questions or if you’re interested! We’ll be delighted to guide you through. Also, do check out our website to find out more about this property! We hope to hear from you soon!