Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The residence sites at Lentor Hills Rd (Parcel A) also Jalan Tembusu are launched to buy beneath the Confirmed Listing while Lentor Hills Rd (Plot B) is presented for requisition following the Reserve Selection,” shared Urban Redevelopment Authority. All 3 locations holds a 99 yr lease term furthermore are sector for housing utilization.
Holding an area of 17thousand 1hundred 36 square metre, the location at Lentor Hills Road (Plot A) offers an utmost GFA of 51,411 sq metre furthermore is expected to supply about 5hundred 95 housing units. The 10,821.9 square m location at Lentor Hills Rd (Plot B) comes with an utmost GFA of 22thousand 7hundred 26 sq metre and even is presumed to return around 265 house units.
The Jln Tembusu spot, on the other hand, offers a size of 19thousand 5hundred 67 square meter and a maximum GFA of 54thousand 7hundred 89 square m. It is calculated to bring in nearly 6hundred 40 homes.
Combined, the three plots can return approximately 1,500 residential units.
The tender for the land plots at Lentor Hills Road (Plot A) and Jln Tembusu concludes on 18 January 2022.
Huttons Asia indicated that the Jln Tembusu plot sits on a popular location for a number of buyers, which “is generally not a long way from Tanjong Katong Mass Rapid Transit terminal”.
“We predict the fruitful offer value to be between $1,400 and $1.5K psf per plot ratio. Considering that the flat out quantum is considerable, the amount of bidders might possibly be constricted at ten,” it pointed out.
For the Lentor Hills spot, Huttons expects the victorious proposal to run between $1.15K and $One thousand Two hundred Fifty psf per plot ratio and for the spot to acquire not more than 10 prospective buyers.
Found only in front of the Lentor MRT terminal, the Lentor Hills location “is the second location being launched in the vicinity after Lentor Central”.