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

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

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