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#50 Lentor’s Rejuvenation and What the URA Floor Area Harmonisation means for Buyers
Manage episode 398845732 series 2936301
Contenido proporcionado por Melvin Lim. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente Melvin Lim o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.
You’ve probably heard a lot about Lentor’s rejuvenation, but what is it all about? In this episode of NOTG, Melvin Lim from PropertyLimBrothers explores the development and transformation of Lentor—once a sleepy town, now projected to become a thriving estate in the years to come. Let Melvin explain more about our government’s focus on injecting residential zones in this area.
Lentor is poised to be a new concept in townships for private properties, collectively rejuvenating the entire Thomson-Yio Chu Kang-Ang Mo Kio region. Among the new properties being built in Lentor, four land plots have already been acquired by GuocoLand; known for their much-anticipated integrated development, Lentor Modern. This project will feature retail, residential spaces, and direct connectivity to the MRT. We are also eagerly anticipating their latest project, which will occupy the largest land plot in Lentor: Lentor Mansion.
The Lentor area has experienced strong sales, as indicated by the performance of Lentor Hill Residences and Lentor Modern. However, with new projects, where the new GFA Harmonisation will take effect on, prevents developers from "selling" A/C ledges to buyers. While this will simplify understanding property prices for developers and consumers, it may result in a higher PSF price at a potentially similar quantum. This change could also lead to a shift in unit sizes for future projects. That being said, let Melvin's analysis between new launches and resale properties in the area help you decide which project to kick-start an investment.
(00:00:00) Intro
(00:00:41) Lentor new township
(00:03:47) 2024 New Launches
(00:04:41) Lentor’s Transformation
(00:07:17) 1km radius | CHIJ St Nicholas Girls' School
(00:08:18) Lentor Mansion
(00:09:50) Guocoland Project | Guoco Midtown
(00:11:21) Key USPs of Lentor Mansion
(00:12:19) Lentor Surroundings
(00:14:14) King of Lentor
(00:16:53) Harmonisation Rule
(00:27:33) Lentor’s Potential
(00:29:38) How townships are developed
(00:31:58) Supply Factor : Macro or Micro
(00:41:27) Lentor Projects | Resale vs New Condo
(00:47:41) Disparity Gap
(00:48:29) Wrap Up
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