Hillock Green Price – Successful Tender Price
|Land Location||SUCCESSFUL SALE PRICE||PER SQ FT PER PLOT RATIO||GFA|
|Lentor Central||$481,028,300||$1,108 psf||40,333 m²|
Lentor Central site only received three bids. A consortium comprised of China Communications Construction Co, Soilbuild Group Holdings, and United Engineers – a subsidiary of Yanlord Land – emerged as the winner with their $481.03 million bid resulting in an average land rate of approximately $1,108 per square foot per plot ratio (psf ppr).
CapitaLand Development came close behind, placing the second highest bid for Lentor Central site. Although their offer was strong, it fell short by 3.7% compared to its counterpart; that translated to an annual land rate of $1,069 psf ppr. The competitive nature of these bids illustrated their strategic value for these well-regarded real estate entities.
|RANKING||NAME OF TENDERER||TENDERED SALE PRICE ($)||TENDERED SALE PRICE IN $PSM OF GFA|
|1||Forsea Residence Pte. Ltd., Soilbuild Group Holdings Ltd. and UED Alpha Pte. Ltd.||481,028,300.00||11,926.42|
|2||Tanglin Land Pte. Ltd.||463,999,999.00||11,504.23|
|3||GuocoLand (Singapore) Pte. Ltd. and Intrepid Investments Pte. Ltd.||450,607,760.00||11,172.19|
Hillock Green Price – Nearby Properties Transacted Price
ADANA @ THOMSON: Completed in 2018, this freehold property consists of 74 units. Situated 1,934 meters away from Lentor Central Condo, it features an ownership rate of 3.4% with minimum and maximum prices per square foot ranging from S$1,799 (minimum) to S$1,900 (maximum), with an average rent price per square foot ranging between S$1.7799 (minimum) to S$6.644 per month; an average rental yield is 3.1% while annualised capital gain totalling 1.4% annualised capital gain; making all transactions 100% profitable overall.
AMO RESIDENCE: Starting in 2021 and under construction now, AMO RESIDENCE offers a 99-year lease starting from 2021 with 372 units to be constructed over four floors at 1,848 meters away from Lentor Central Condo. Foreign ownership rate stands at 1.4% while minimum price per square foot starts from S$1,890 while average and maximum prices reach S$2,115 and S$2,406, with all sold units reaching S$2.406; currently all have been sold.
LENTOR MODERN: Beginning its 99-year lease from 2021, Lentor Modern stands 27 meters away from Hillock Green and features 605 units with 1.3% foreign ownership rate. Price per square foot ranges between S$1,837 (minimum) to S$2,513 (maximum), with an average price per square foot being S$2,122; 539 units have already been sold so far despite it not yet being completed.
|NEARBY NEWER CONDO AROUND LENTOR MODERN AT DISTRICT 20||HIGHEST TRANSACTED SELLING PRICE (PSF) FOR PAST 12 MONTHS||COMPLETION|
|LENTOR MODERN||$2,357||Under Construction|
|AMO RESIDENCE||$2,291||Under Construction|
|ADANA @ THOMSON||$1,799||2018|
HILLOCK GREEN PRICE – ESTIMATE INDICATIVE / LAUNCH PRICE
|A) Land Cost||$1,108|
|B) Construction Cost (estimate)||$450|
|C) Profit Margin + Other Expenses (30% x [A+B] )||$467|
|Estimate Launch Price (SUBJECTED TO CHANGES) (FOR EDUCATION PURPOSES, NOT FINAL SELLING PRICE)||$2,025|
Latest Information Hillock Green Price List As At Monday, December 4th 2023 updated, Register to receive the price list and book showflat appointment!