Prices of new leasehold condos in suburbs set to rise

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New 99-year leasehold condominiums in the suburbs - a segment buttressed by HDB upgraders - are about to get even pricier.

Two upcoming large projects in the suburbs - the 372-unit AMO Residence in Ang Mo Kio Avenue 1 and the 605-unit mixed development Lentor Modern - are likely to be launched at a median price of around $2,000 per sq ft - a price level more commonly seen in the prime and city fringe condo markets, analysts said.

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A version of this article appeared in the print edition of The Straits Times on July 04, 2022, with the headline Prices of new leasehold condos in suburbs set to rise. Subscribe