Buying ·
Buying a Completed New Launch: Why Developers Discount After TOP
Brand-new condos with immediate occupation sometimes sell below earlier prices. The ABSD deadline behind developer discounts, and how to use it.
Singapore property, read plainly
Kingsford's Lentor Gardens Residences averages $2,350 psf but two-bedders start near $1.5 million. How the pricing works and who it suits.
Michelle Lim ·
Lentor Gardens Residences books on 18 July 2026 at an indicative average of $2,350 psf, a figure that reads expensive for Lentor until you look at the absolute prices underneath it. Whether it suits you depends on which number you shop on: the psf or the cheque.
| Fact | Detail |
|---|---|
| Developer | Kingsford Development |
| Tenure / units | 99-year leasehold, 502 units |
| Preview / booking | 4–11 July / 18 July 2026 |
| Indicative average | $2,350 psf |
| Lowest indicative psf | From about $2,050 psf (larger units) |
| Two-bedder entry | Around $1.5 million |
Figures via EdgeProp's preview report and Stacked Homes' price review.
Marketing materials describe 502 units across four blocks, three of 16 storeys and one of 8, on a site of about 222,161 sq ft near Lentor MRT on the Thomson-East Coast Line. Demand signals arrived early: Stacked Homes reports a preview weekend in May that drew more than 5,000 visitors, months before the price list existed. Crowds at a showflat measure curiosity, not conversions, but they tell the developer how hard it can press on booking-day pricing.
Kingsford secured the Lentor Gardens government land sales site at a reported $920 psf per plot ratio, below the $982 to $1,278 psf ppr paid for neighbouring Lentor plots, according to PropertyNet's analysis. Cheaper land usually signals room to price under the competition. Here the developer has taken the margin instead on the smaller units and passed the savings to the larger ones, where psf starts around $2,050.
Stacked Homes ranks the result among the priciest Lentor launches since Lentor Modern in 2022, the estate's only integrated development. At the same time, a two-bedder near $1.5 million is a low entry price for a new launch this close to an MRT station in 2026. Both readings are correct; they describe different buyers.
Psf measures value per square foot; quantum measures what you actually pay and borrow. A compact unit at high psf and a large unit at moderate psf can carry the same monthly repayment, and the repayment is what your income services. Small units price high per square foot because entry quantum, the number most buyers shop on, stays digestible.
Two practical readings for buyers:
Lentor Hills has absorbed a string of new launches since Lentor Modern opened the estate in 2022, and each later project has had to price against a growing pool of unsold and upcoming units nearby. A later-phase launch on cheaper land can afford the aggressive larger-unit pricing on show here. The trade-off for buyers is the same one every maturing estate carries: more choice and more competition when you eventually sell.
For HDB upgraders, the entry quantum makes this launch a natural candidate, and the usual sequencing question applies before any showflat visit. The ABSD and timing maths are in should you sell your HDB before buying a condo.
One financing note specific to new launches: the progressive payment schedule spreads your outlay across construction milestones, which keeps early payments light but means the bulk of your loan starts servicing years from now, at whatever rates then apply. If CPF funds part of the purchase, the accrued-interest meter starts on every dollar you draw; the mechanics are in our guide to using CPF for property.
Treat every number above as provisional until booking day. Developers firm up the price list against preview demand, and EdgeProp reports the July preview drew heavy interest.
The verdict arrives a few weeks after booking day, when lodged caveats appear in URA's private residential transaction data. Transacted prices there, not the indicative average, will show what buyers actually paid and which unit types moved. We will revisit this review once that data lands. In the meantime, if you are weighing a specific unit against a resale alternative, we will run the comparison on your actual numbers.
Sources: EdgeProp — Kingsford preview report, Stacked Homes — Lentor Gardens Residences price review, PropertyNet.SG — land price analysis.
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