Lentor Hills Residences Pricing
Be sure to be updated first once the price list is released. You may register here for latest updates on pricing.
No. of Rooms | Unit Type | Size (sqft) | Price From | Units Available |
2 Bedroom + Study | A1, A1-PH | 807-926 | TBA | 11 |
3 Bedroom Deluxe | B1-P, B1, B1-PH, B2-P, B2, B2-PH, B3-P, B3, B3-PH, B4, B4-PH | 936-1141 | TBA | 218 |
3 Bedroom Premium | B5-P, B5, B5-PH, B6-P, B6, B6-PH, B7, B7-PH | 1001-1184 | TBA | 205 |
4 Bedroom Deluxe | C1-P, C1, C1-PH, C2-P, C2, C2-PH | 1184-1378 | TBA | 51 |
4 Bedroom Premium | C3a-P, C3a, C3b, C3b-PH | 1259-1453 | TBA | 98 |
5 Bedroom Premium | D1-P, D1, D1-PH, D2-P, D2, D2-PH | 1518-1722 | TBA | 56 |
GLS Tender of Lentor Hills Residences Site
Ranking | Name of Tenderer | Tendered Sale Price ($) | Tendered Sale Price Psf Ppr ($) |
1 | Hong Leong Holdings, GuocoLand and TID | 586,591,288 | 1,060 |
2 | Sim Lian Group | 551,800,000 | 997 |
3 | UOL Group, Singapore Land Group and Kheng Leong Co. | 508,300,000 | 919 |
4 | United Engineers and Soilbuild Group | 500,888,118 | 905 |
The GLS for the second residential site at Lentor Hills area was closed on Jan 18 2022 and awarded to Intrepid Investments Pte. Ltd., GuocoLand (Singapore) Pte. Ltd. and TID Residential Pte. Ltd. (a joint venture of Guocoland, Hong Leong and Mitsui Fudosan) as the top bidder. A total of 4 bidders tendered for the site, but eventually was awarded to Guocoland joint venture with a top bid of $586,591,288.
The 99-year leasehold site has a size of 184,460 sqft, with a plot ratio of 3.0, translating the top bid to a $1,060 psf ppr.
A spokesperson of Hong Leong mentioned that they “plan to build a 600-unit residential development where residents will benefit from the convenience of amenities nearby.” He added on that the close proximity to Lentor MRT Station “will add to the site’s overall appeal to buyers.”
Lentor Hills Residences Estimated Launch Price/Indicative Price
Lentor Hills Residences | psf ($) |
Land Cost | 1,060 |
Construction Cost | 350 |
Expense and Profit Margin | 423 |
Estimated Launch Price | 1,833 |
Kindly take note the above is merely an Indicative Price. It is not the final Selling Price.
How is the launch price estimated?
Guocoland & Hong Leong build houses and sell them as their business, and they need to generate profits for their shareholders as well. In estimated the launch price for Lentor Hills Residences, we need to consider the costs, expenses and the profit margin, before we can arrive at the selling price.
Land Cost
As mentioned above, the land was acquired through the GLS tender at $1,060 psf ppr. That will comprise the main bulk of the total costs.
Construction Cost
Generally, the construction costs for a mass market condominium like Lentor Hills Residences is about $350 psf.
Expense and Profit Margin
Construction cost + Land Cost = Base Cost
Base Cost = $1,060 psf + $350 psf = $1,410 psf
Once we have the base cost, we can now calculate the expense and profit margin, which is about 30% of the base cost.
Expense and Profit Margin = 30% x $1,410 psf = $423 psf
The expense and profit margin will mainly covers
- administrative expenses such as staffing
- sales and marketing expenses such as the agency commissions
- finance costs that need to be paid to financial institutions
- profit margin which is the profit the developer makes for the development
With all the costs and expenses covered, we can now estimate the launch price to be about $1,833 psf. However, kindly take note that the price psf will vary too depending on the size of the unit etc. Generally, a smaller size unit will have a higher psf as compared to a bigger size unit.
(All prices for Lentor Hills Residences for Sale displayed here are for reference purposes. Prices are subject to change from time to time without prior notice. This webpage cannot be held responsible for any pricing inaccuracies, omissions and/or dispute.)
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