Prices of new leasehold condos in suburbs set to rise
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The site location of Lentor Modern on June 30, 2022.
ST PHOTO: CHONG JUN LIANG
SINGAPORE - 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.