[SINGAPORE] Lentor Gardens Residences, the seventh private residential launch in the Lentor precinct, sold 270 of its 499 residential units, about 54 per cent, over its launch weekend on Jul 18 and 19, at an average price of S$2,350 per square foot (psf).

All three commercial units in the development were also sold, fetching an average of S$2,550 psf, developer Kingsford Group said in a statement on Sunday (Jul 19).

The sales were led by three-bedroom units, which made up 42 per cent of transactions, followed by two-bedroom (40 per cent) and four-bedroom (18 per cent) units.

Singaporeans accounted for about 91 per cent of buyers, while permanent residents and foreigners made up the remaining 9 per cent.

Built on a 99-year leasehold site, Lentor Gardens Residences comprises three 16-storey towers, one eight-storey tower and three strata terrace houses, built above an approximately 200 m waterscape.

The development is expected to obtain its Temporary Occupation Permit in December 2030.

Kelvin Fong, chief executive officer of PropNex, said the launch weekend sales represent a solid outcome for the seventh project to launch in the Lentor Hills estate.

“Having 270 new homes sold in a weekend is a healthy result by any measure, and the buyers’ response tells us that the Lentor story is going strong,” he said.

Fong noted that the six other Lentor projects have collectively sold 2,929 of their 2,954 units, or about 99.2 per cent, based on caveats lodged till Jul 4.