Lentor Mansion sells 75% of units on launch weekend
Lentor Mansion Achieves 75% Sales Over Launch Weekend
GuocoLand’s latest luxury residential project, Lentor Mansion, saw impressive sales figures during its launch weekend, with 75% of its 533 units snapped up.
Over the course of March 15 and 16, the developer sold 400 units, ranging from $2,104 to $2,478 per square foot (psf), including VIP sales on the first day.
Lentor Mansion offers a variety of unit types, from two- to five-bedroom layouts, across three 16-storey towers and three eight-storey blocks, catering to different family sizes.
The most popular units were the two-bedroom layouts, with all 214 units sold out, followed by 84% of the three-bedroom units. Singaporeans and permanent residents accounted for 99% of buyers.
This launch also marks the first sale under new URA guidelines for strata and gross floor area harmonization, focusing on livable space.
PropNex CEO Ismail Gafoor hailed Lentor Mansion’s sales performance as the best in 2024, with its 75% take-up rate ranking as the highest since November 2023.
The project’s competitive pricing, along with its attractive amenities, open spaces, and proximity to Lentor MRT station and CHIJ St Nicholas Girls’ School, contributed to its success.
Lentor Mansion, developed jointly by GuocoLand and Hong Leong Holdings, is slated for completion by 2027.
Meanwhile, luxury leasehold condo development Cuscaden Reserve also saw brisk sales, with 46 units sold at an average price of slightly over $3,000 psf. This demonstrates the strong demand and ample liquidity among Singaporean buyers, despite the initial sales deadline extension to 2024.
