Developer Sales Fall 266 M O M May Lentor Hills Residences Tops Best Seller List Move 25 Units
Real estate developers experienced a decline of 26.6% in the private residential market last month, with only 221 new units sold (excluding Executive Condos). This is a significant decrease compared to the 301 units sold in April.
Despite the market slowdown, Lentor Hills Residences emerged as the top selling project in May, with 25 units sold at a median price of $2,164 per square foot (psf). According to data from the developer, the project has a high take-up rate of 88% to date, almost a year after its launch.
Developers GuocoLand and Hong Leong Holdings are set to launch Lentor Mansion on March 1, with prices starting from $2,082 psf. This adds to GuocoLand’s plans to become the “master developer” of the Lentor Hills estate.
For more information on properties available at Lentor Hills Residences, check out the latest listings. Stay tuned for updates on this developing story. And if you’re curious about how to read schematic diagrams in real estate, be sure to read our article on the topic.
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