Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The residence spots at Lentor Hills Road (Plot A) and Jln Tembusu are opened available for sale under the Confirmed List while Lentor Hills Rd (Plot B) is readily available for request within the Reserve Listing,” shared Urban Redevelopment Authority. Each of the 3 sites included a 99-year leasehold tenure and are sector for non commercial usage.
Including an area of slightly more than 17thousand square meter, the site at Lentor Hills Rd (Parcel A) holds a max GFA of Fifty One thousand Four hundred Eleven square meter and even is foreseed to bring in approximately 595 home units. The Ten thousand Eight hundred Twenty One sq meter spot at Lentor Hills Road (Parcel B) holds a max GFA of Twenty Two thousand Seven hundred Twenty Six square m and even is presumed to supply about 265 house units.
The Jalan Tembusu site, meanwhile, comes with a size of 19thousand 5hundred 67 square metre plus an utmost GFA of 54,789 square m. It is calculated to turn out about 6hundred 40 residences.
Jointly, the 3 plots can return almost 1.5K household units.
The offer for the land parcels at Lentor Hills Road (Parcel A) plus Jalan Tembusu ends on 18January’22.
Huttons Asia noticed that the Jln Tembusu location positions on a prominent neighborhood for lots of buyers, in which “is really not a long way from Tanjong Katong train station”.
“We estimate the triumphant tender figure to be in between $1,400 and $1.5K psf ppr. Considering that the total quantum is substantial, the sum of prospective buyers may be capped at 10,” it mentioned.
For the Lentor Hills location, Huttons projects the triumphant proposal to run between $1thousand 1hundred 50 and $One thousand Two hundred Fifty psf per plot ratio and even for the spot to acquire not more than 10 bidders.
Found only in front of the Lentor MRT terminal, the Lentor Hills plot “is the 2nd spot to become kicked off in the neighborhood shortly after Lentor Central”.