Hillock Green, the latest residential development in Lentor Central, with its recent launch has emerged as a beacon of promise in the Singapore property market, with its impressive initial sales marking a new chapter in urban living.
Hillock Green Launch: Impressive Sales amidst a Competitive Market
Developed by a consortium comprising China Communications Construction Company (CCCC), Soilbuild Holdings, and United Engineers, Hillock Green’s 131 units were swiftly taken up, representing a 27.6% take-up rate at an average price of $2,108 per square foot. This achievement reflects the development’s allure in Singapore’s competitive real estate landscape.
Strategic Location and Lifestyle Offerings
Situated in the tranquil District 26, Hillock Green offers a unique lifestyle proposition. Surrounded by nature yet adjacent to urban conveniences like shopping malls and the Lentor MRT station on the Thomson East Coast Line, it provides residents with seamless access to key areas such as the CBD, Marina Bay, and Orchard Road.
Diverse Buyer Interest
The development’s strategic location is further enhanced by its proximity to various educational institutions, shopping centres, and recreational amenities. These include Anderson Primary School, CHIJ St. Nicholas Girls’ School, Presbyterian High School, and shopping and dining options at nearby malls like Djitsun Mall and AMK Hub.
Competitive Edge in Pricing
Hillock Green has attracted diverse buyers, including upgraders, first-time homebuyers, and investors. Many reside within the Ang Mo Kio Planning Area and the northeast region of Singapore, indicating the development’s wide-ranging appeal.
Market Context and Future Outlook
The condo’s competitive edge is bolstered by its pricing, which starts from $1,800 psf, making it an attractive investment compared to neighbouring developments like Lentor Modern and Lentor Hills Residences.
The Bigger Picture in Singapore’s Property Market
The strong sales at Hillock Green came when the Singapore property market experienced a decline in private home sales. Analysts attribute this slowdown to anticipating new launches, including Hillock Green and J’den in Jurong East. In October, the Urban Redevelopment Authority (URA) reported a 6.5% fall in sales compared to September and a 35.4% drop compared to October last year.
Conclusion
Despite the traditional year-end slowdown, the outlook for the property market remains optimistic. Analysts expect Hillock Green to continue drawing interest, bolstered by its prime location and affordable pricing. The development is described as “a good affordable option” by Justin Quek, Deputy CEO of OrangeTee & Tie, highlighting its proximity to the Lentor MRT station and Lentor Modern Mall.
With Hillock Green’s success, the development has set a precedent for future residential projects in Lentor Central, showcasing the potential of this up-and-coming area. The condo’s blend of modern amenities, strategic location, and nature-infused living offers a unique proposition to potential buyers and investors alike. We warmly invite readers to visit our showflat and experience firsthand the unique offerings of Hillock Green. This is your opportunity to be a part of the exciting growth story of Lentor’s Hill Estate, a burgeoning community poised for a bright future.