Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The home spots at Lentor Hills Rd (Plot A) and Jln Tembusu are commenced for sale under the Verified Listing whereas Lentor Hills Road (Parcel B) is accessible for requisition under the Reserve Listing,” mentioned Urban Redevelopment Authority. Each of the 3 locations holds a Ninety Nine year rent tenure and also are zoned for domestic usage.
Holding a size of Seventeen thousand One hundred Thirty Six square m, the spot at Lentor Hills Road (Parcel A) carries an utmost gross floor area of 51,411 square meter plus is projected to produce about 595 housing units. The Ten thousand Eight hundred Twenty One sq m location at Lentor Hills Rd (Plot B) holds an optimum gross floor area of 22,726 square m plus is presumed to supply around 2hundred 65 real estate units.
The Jalan Tembusu site, on the other hand, comes with an area of 19thousand 5hundred 67 square meter also a highest GFA of 54thousand 7hundred 89 square meter. It is projected to generate about 640 houses.
Conjointly, the three sites can yield close to 1,500 home units.
The offer for the land plots at Lentor Hills Road (Parcel A) also Jln Tembusu ceases on 18Jan’22.
Huttons Asia considered that the Jalan Tembusu site positions on a preferred area for lots of customers, which “is really not far-off from Tanjong Katong Mass Rapid Transit station”.
“We predict the victorious tender value being in between $1,400 and $One thousand Five hundred psf ppr. Because the absolute quantum is substantial, the number of bidders might possibly be capped at 10,” it pointed out.
With Regard To the Lentor Hills location, Huttons foresees the triumphant proposal to span within $One thousand One hundred Fifty and $1.25K psf per plot ratio also for the plot to obtain not more than ten investors.
Located only opposite the Lentor train station, the Lentor Hills spot “is the second site to be launched in the location right after Lentor Central”.