Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The residence spots at Lentor Hills Rd (Plot A) and also Jln Tembusu are opened available under the Verified List whilst Lentor Hills Road (Plot B) is presented for request beneath the Reserve List,” claimed Urban Redevelopment Authority. Each of the three spots included a 99-year lease term plus are zoned for household use.
Holding a size of 17,136.9 sq meter, the spot at Lentor Hills Rd (Plot A) possesses an optimum gross floor area of 51,411 square meter and is forecasted to yield nearly 595 home units. The 10thousand 8hundred 21 square metre plot at Lentor Hills Rd (Plot B) holds a highest gross floor area of 22thousand 7hundred 26 sq metre and is presumed to turn out approximately 265 house units.
The Jln Tembusu site, meanwhile, contains an area of Nineteen thousand Five hundred Sixty Seven sq m and also a maximum gross floor area of 54thousand 7hundred 89 square m. It is forecasted to return nearly 640 apartments.
Jointly, the three locations can turn out almost 1,500 household units.
The offer for the land parcels at Lentor Hills Road (Parcel A) also Jalan Tembusu ends on 18Jan2022.
Huttons Asia indicated that the Jalan Tembusu spot sits on a favored location for plenty of homebuyers, that “is generally not far from Tanjong Katong Mass Rapid Transit station”.
“We assess the fruitful offer amount to be between $1.4K and $One thousand Five hundred psf ppr. Considering that the total quantum is large, the amount of investors may possibly be capped at 10,” it said.
For the Lentor Hills site, Huttons expects the successful tender to range within $1thousand 1hundred 50 and $1.25K per square foot ppr and also for the spot to obtain not beyond ten bidders.
Situated just in front of the Lentor train terminal, the Lentor Hills location “is the 2nd location to get kicked off in the neighborhood after Lentor Central”.