Lentor’s Rejuvenation and What the URA Floor Area Harmonisation means for Buyers | NOTG S3 Ep50

Video description from @notgpodcast

This video is published in collaboration with GuocoLand. All thoughts and opinions expressed herein are solely those of PropertyLimBrothers.

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 introduce 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 Intro
00:41 Lentor new township
03:47 2024 New Launches
04:41 Lentor’s Transformation
07:17 1km radius | CHIJ St Nicholas Girls' School
08:18 Lentor Mansion
09:50 Guocoland Project | Guoco Midtown
11:21 Key USPs of Lentor Mansion
12:19 Lentor Surroundings
14:14 King of Lentor
16:53 Harmonisation Rule
27:33 Lentor’s Potential
29:38 How townships are developed
31:58 Supply Factor : Macro or Micro
41:27 Lentor Projects | Resale vs New Condo
47:41 Disparity Gap
48:29 Wrap Up

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