Why Lentor Mansion did ‘exceptionally well’ despite buyers’ price sensitivity

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Why Lentor Mansion did ‘exceptionally well’ despite buyers’ price sensitivity
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pstrongThe development sold 75% of its units during its weekend launch./strong/p pLentor Mansion’s starting prices contributed to the development’s “exceptionally well” performance during its weekend launch, said a real estate expert.

Lentor Mansion’s starting prices contributed to the development’s “exceptionally well” performance during its weekend launch, said a real estate expert.

On an average transacted unit price basis, however, prices of Lentor Mansion were “a touch higher “ at more than $2,200 psf, compared with around $2,100 psf at the other projects in the Lentor area. “It is the second best-selling project in the Lentor precinct after Lentor Modern, which sold 84% of 605 units on the first day,” added Huttons.

Huttons said Lentor Mansion’s “strong set of sales” is a testament that “buyers appreciate the strong placemaking emphasis the developer has placed on the Lentor precinct and the growing appeal of Lentor as a private residential enclave.”

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