Lincoln Lodge
What: A 98-unit, 20-year-old condo that was purchased for $1,449.30 per sq ft per plot ratio in mid-2007. This was reported to be a record land price for the Newton area.
Where: Khiang Guan Avenue, off Newton Road
The future: Lincoln Suites, a 175-unit development, was soft-launched in October to the tune of an average $1,680 psf.
Average monthly rent psf: $1.50
Developer: Koh Brothers, Heeton Holdings, KSH Holdings and Lian Beng Group