Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The residence sites at Lentor Hills Rd (Plot A) also Jln Tembusu are opened up for sale beneath the Verified Selection while Lentor Hills Rd (Plot B) is ready for registration within the Reserve List,” shared URA. All of the 3 spots possessed a Ninety Nine year leasehold term also are sector for residence purpose.
Holding a surface area of 17,136.9 sq m, the location at Lentor Hills Road (Plot A) holds a maximum GFA of Fifty One thousand Four hundred Eleven sq meter furthermore is expected to supply almost 5hundred 95 real estate units. The Ten thousand Eight hundred Twenty One sq meter spot at Lentor Hills Rd (Plot B) has a max gross floor area of 22,726 square metre and even is calculated to generate approximately 2hundred 65 housing units.
The Jalan Tembusu location, meanwhile, contains an area of 19,567.4 square metre and also a max GFA of Fifty Four thousand Seven hundred Eighty Nine sq m. It is anticipated to bring in nearly 640 apartments.
Collectively, the three plots can turn out close to One thousand Five hundred housing units.
The tender for the land plots at Lentor Hills Rd (Parcel A) and also Jln Tembusu ceases on 18January2K22.
Huttons Asia mentioned that the Jln Tembusu plot positions on a prominent area for lots of purchasers, which “is generally not far from Tanjong Katong train terminal”.
“We estimate the fruitful offer amount being somewhere between $1.4K and $1.5K psf per PR. Because the absolute quantum is sizeable, the number of investors might possibly be capped at 10,” it pointed out.
With Regard To the Lentor Hills spot, Huttons forecasts the victorious bid to run around $1.15K and $One thousand Two hundred Fifty per sq ft per PR and also for the spot to acquire not beyond ten investors.
Situated just opposite the Lentor Mass Rapid Transit terminal, the Lentor Hills spot “is the 2nd site to become released in the location following Lentor Central”.