Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The domestic spots at Lentor Hills Rd (Parcel A) also Jalan Tembusu are commenced available under the Verified Listing while at the same time Lentor Hills Road (Parcel B) is accessible for request beneath the Reserve Selection,” revealed URA. All 3 spots come with a 99 year rent period as well as are sector for residential use.
With a surface area of slightly more than 17thousand sq metre, the site at Lentor Hills Rd (Parcel A) has an utmost gross floor area of Fifty One thousand Four hundred Eleven sq metre furthermore is calculated to generate around 5hundred 95 house units. The 10thousand 8hundred 21 square metre plot at Lentor Hills Road (Parcel B) has an optimum gross floor area of Twenty Two thousand Seven hundred Twenty Six square m plus is presumed to produce nearly 265 apartment units.
The Jln Tembusu plot, alternatively, contains a size of 19thousand 5hundred 67 sq metre and also an optimum GFA of Fifty Four thousand Seven hundred Eighty Nine sq meter. It is foreseed to turn out approximately 6hundred 40 homes.
Together, the three locations can supply almost 1thousand 5hundred household units.
The tender for the land plots at Lentor Hills Rd (Parcel A) and Jln Tembusu ends on 18Jan’22.
Huttons Asia mentioned that the Jalan Tembusu spot settles on a popular neighborhood for many homebuyers, in which “is really not far from Tanjong Katong Mass Rapid Transit terminal”.
“We assess the successful offer price being within $One thousand Four hundred and $1thousand 5hundred psf ppr. Considering that the flat out quantum is substantial, the total of investors might be capped at ten,” it announced.
With Regard To the Lentor Hills plot, Huttons anticipates the victorious quote to span in between $1thousand 1hundred 50 and $1.25K per sq feet per plot ratio and even for the location to get not greater than 10 bidders.
Located only in front of the Lentor MRT terminal, the Lentor Hills site “is the second location to get launched in the neighborhood right after Lentor Central”.