Asia Pacific Equity Research

Research evidence excerpt

Asia Pacific Equity Research

J P M O R G A N Asia Pacific Equity Research

20 July 2026

SG Property Intelligence

Lentor Garden Residences 54% sold at S$2,350 psf on

launch

Lentor Gardens Residences sold 270 of 499 condo units, or 54%, on its July Singapore/ASEAN Property and

18 launch at an average S$2,350 psf, with all three strata retail shops also fully REITs

taken up at ~S$2,550 psf. Demand skewed to family-sized homes, with 3BRs at Terence M Khi AC

42% of launch sales, 2BRs at 40% and 4BRs at 18%, and buyers were (65) 6882-1518

predominantly Singaporeans (91%). Agents highlighted strong absorption in terence.ml.khi@jpmorgan.com

specific stacks, including a complete sell-out of 3BR compact and 3BR compact Mervin Song, CFA AC

plus study, plus high take-up for “premium” layouts, suggesting buyers are paying (65) 6882-7829

up selectively for efficient layouts and extra space. (Source: EdgeProp) mervin.song@jpmorgan.com

J.P. Morgan Securities Singapore Private Limited/

J.P. Morgan Securities (Asia Pacific) Limited/ J.P.

Morgan Broking (Hong Kong) Limited

Companies

Reini Otter will step down as CEO of Frasers Property Industrial on 17 Dec

2026 after 28 years with Frasers Property, including seven years leading the

Industrial platform and its expansion across Australia and Europe. From 1 Aug

2026, Ian Barter will take interim oversight for Frasers Property Industrial’s

Australia and Europe operations until a new CEO is appointed. Separately, ESR

has named Otter CEO for its Australia and New Zealand business, where he will

be based in Sydney and oversee growth across logistics real estate and data centers.

(Source: Frasers Property Ltd, EdgeProp)

Sector

Singapore: NODX loses momentum in June – Tech gains slow, pharma

contracts.