Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The residence spots at Lentor Hills Road (Plot A) and Jln Tembusu are opened for sale under the Verified Selection while Lentor Hills Rd (Parcel B) is presented for requisition under the Reserve Listing,” announced Urban Redevelopment Authority. All of the three spots holds a 99-year rent tenure and also are sector for residence use.
Holding an area of 17,136.9 square m, the site at Lentor Hills Rd (Plot A) offers a max gross floor area of 51,411 square meter plus is presumed to turn out approximately 595 housing units. The Ten thousand Eight hundred Twenty One sq meter location at Lentor Hills Rd (Plot B) comes with a maximum gross floor area of 22,726 sq metre and also is anticipated to supply around Two hundred Sixty Five housing units.
The Jln Tembusu location, meanwhile, holds a size of Nineteen thousand Five hundred Sixty Seven square m and also a max gross floor area of 54,789 square metre. It is forecasted to supply about 640 homes.
Collectively, the three sites can produce almost 1.5K residence units.
The offer for the land plots at Lentor Hills Rd (Parcel A) also Jln Tembusu ceases on 18January’22.
Huttons Asia mentioned that the Jln Tembusu spot sits on a preferred location for several homebuyers, and that “is really not a long way from Tanjong Katong MRT terminal”.
“We expect the successful offer figure being within $1.4K and $1.5K psf ppr. Being the flat out quantum is considerable, the sum of prospective buyers might be constricted at ten,” it said.
Concerning the Lentor Hills site, Huttons calculates the victorious quote to range between $1.15K and $1.25K per sq feet per PR and also for the location to take in not greater than ten investors.
Located just opposite the Lentor Mass Rapid Transit terminal, the Lentor Hills location “is the 2nd site to be kicked off in the location following Lentor Central”.