TID sells 19% of Lentoria at $2,125 psf

Majority likely bought for their own use.

TID has sold 50 units or 19% of its 267-unit Lentoria condo project in the Lentor Hills Estate during the launch weekend.

TID, a joint venture between Hong Leong Holdings and Mitsui Fudosan, sold the units at an average of $2,125 per square foot, with 2- and 3-bedroom units accounting for more than 70% of sales.

Huttons Data Analytics estimated that the majority of the buyers were owner-occupiers already staying in the north, northeast region.

Ismail Gafoor, CEO of PropNex said the project had a good start considering the incoming supply of homes in the area with nearly 1,700 units launched in previous projects.

Being a mid-size development, Gafoor said Lentoria should not face much difficulty in selling out.

“With the ample stock of new homes in the area, demand for homes in this area has likely been drawn down,” he said. “Some buyers may be taking more time to compare between new launches in this locality before making a purchase.”

Follow the link s for more news on

Huttons Asia

PropNex

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia