Dominic Choa Real Estate

Lentor


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Lumina Grand Executive Condominium
Blog, Private Property, Real Estate

🏙️ Executive Condos Are Crushing It in 2025…

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Something unexpected happened in March 2025. While new private home sales took a hit—dropping to one of the lowest monthly numbers in recent years—Executive Condominiums (ECs) bucked the trend. Big time. So, what’s going on? And why are so many Singaporeans turning to ECs now? Let’s break it down. Private Home Sales Took a Tumble First, the cold hard truth:In March, developers sold just 301 new private homes (excluding ECs). That’s a month-on-month drop of nearly 50% from the 605 units sold in February. It’s also the lowest March sales figure since 2020, right when COVID-19 started to shake things up. Why the slowdown? EC Sales? Totally Different Story. While the private segment cooled off, Executive Condominiums went the other way. In March, developers sold 193 EC units, more than 60% of total EC sales for the first quarter. And get this—almost all of them came from one project: Lumina Grand in Bukit Batok. Why is that huge? Let’s put it in perspective:A private condo nearby might go for $1,900 to $2,200 psf. That’s a massive difference, especially for families upgrading from HDBs. Why ECs Are the Darling of the Market Lumina Grand: A Case Study Want a real-world example? Let’s talk Lumina Grand in Bukit Batok. That’s a solid upgrade option for families living in Bukit Batok, Choa Chu Kang, or Jurong who are reaching the end of their MOP. So… Should You Jump on the EC Bandwagon? If you’re sitting on the fence, here’s the thing—ECs are limited. And when demand spikes like this, it often leads to fewer units left, less choice, and higher prices. If you qualify for an EC, you’re basically getting a steep discount on private living. Just make sure: Final Word: Don’t Sleep on ECs 2025 might be the year Executive Condos steal the show. They’ve always flown under the radar, but with private home prices holding firm and interest rates still high, ECs are suddenly the sweet spot for smart, value-driven buyers. Want to explore EC options or run the numbers? Let’s chat.It might just be the smartest move you make this year.

Lentor
Blog, Buy Condominium in Singapore

Lentor Property Market: Oversupply Concerns or Golden Investment Opportunity?

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The Lentor area in Singapore has rapidly transformed into a new private residential hub, raising questions about whether the surge in new condominiums signals an oversupply risk or a prime investment opportunity. In this article, we will break down the recent launches, sales trends, pricing, and market outlook, so property investors and homebuyers can make informed decisions. Lentor’s Recent Condo Launches and Sales Performance Over the past few years, multiple condominium projects have been launched in Lentor, with most seeing strong buyer demand despite concerns over a potential oversupply. Here’s a look at the key projects: Project Launch Date Total Units Units Sold % Sold Average Price (PSF) Lentor Modern Sep 2022 605 508 84% $1,856 Lentor Hills Residences Jul 2023 598 559 93.3% $2,269 Lentoria Jan 2024 267 60 22% $1,965 Lentor Mansion Mar 2024 533 400 75% $2,200 (Source) What Do These Sales Figures Tell Us? Despite multiple project launches, demand remains strong, particularly for smaller units. In fact, one- and two-bedroom units in most Lentor projects have been nearly sold out. As of February 2025, only 159 units remain unsold across all major projects, representing just 6.4% of the total launched inventory. This suggests that the fear of oversupply may be overblown, especially since new launches in other areas of Singapore have struggled to achieve similar take-up rates. Lentor in the Context of the Broader Singapore Market Lentor is part of District 26, which had only 2,966 non-landed private homes as of Q4 2024, making it one of the districts with the lowest housing supply in Singapore. This limited supply is crucial because it helps to stabilize property prices and drive future appreciation. Additionally, the nationwide property market has shown resilience, with analysts forecasting a 2% to 4% price increase in 2025 due to strong demand and limited land supply. Will Lentor’s Property Prices Appreciate? Key factors supporting future price growth in Lentor: Conclusion: Is Lentor an Oversupply Risk or an Investment Opportunity? While the initial wave of launches raised concerns about oversupply, the sales figures and market fundamentals tell a different story. For property investors and homebuyers, Lentor presents an attractive investment opportunity—especially for those looking at long-term capital appreciation. Would you like personalized advice on investing in Lentor? Contact me today at 8826 3821, and let’s explore the best options for your real estate goals!