Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The residential plots at Lentor Hills Rd (Plot A) plus Jln Tembusu are opened available for sale beneath the Confirmed Selection whereas Lentor Hills Road (Plot B) is offered for requisition under the Reserve List,” revealed Urban Redevelopment Authority. All of the 3 sites featured a 99 yr rent period and are sector for household benefit.
With a size of 17thousand 1hundred 36 square m, the spot at Lentor Hills Rd (Plot A) holds an optimum GFA of Fifty One thousand Four hundred Eleven square meter and even is calculated to yield approximately Five hundred Ninety Five real estate units. The 10thousand 8hundred 21 square m location at Lentor Hills Road (Parcel B) owns a highest GFA of 22thousand 7hundred 26 square m also is anticipated to produce almost 2hundred 65 apartment units.
The Jln Tembusu location, on the other hand, holds an area of Nineteen thousand Five hundred Sixty Seven square meter also an utmost GFA of Fifty Four thousand Seven hundred Eighty Nine square metre. It is projected to bring in nearly 6hundred 40 homes.
Together, the 3 spots can bring in almost 1,500 home units.
The tender for the land parcels at Lentor Hills Road (Parcel A) and Jln Tembusu closes on 18January2K22.
Huttons Asia considered that the Jln Tembusu site sits on a prominent neighborhood for plenty of buyers, in which “is not far-off from Tanjong Katong train terminal”.
“We expect the successful tender price to be around $1.4K and $1,500 psf per plot ratio. Being the absolute quantum is sizeable, the sum of prospective buyers might be capped at ten,” it stated.
Concerning the Lentor Hills spot, Huttons foresees the fruitful bid to spread in between $1thousand 1hundred 50 and $1.25K per sq feet per plot ratio plus for the spot to gain not greater than ten prospective buyers.
Located just in front of the Lentor Mass Rapid Transit terminal, the Lentor Hills site “is the 2nd spot to become commenced in the neighborhood right after Lentor Central”.