Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The residence spots at Lentor Hills Rd (Parcel A) and also Jln Tembusu are introduced up for sale under the Confirmed List while at the same time Lentor Hills Rd (Plot B) is available for registration under the Reserve List,” announced Urban Redevelopment Authority. Each of the 3 plots holds a 99-year lease duration plus are zoned for residential utilization.
Holding an area of Seventeen thousand One hundred Thirty Six sq meter, the spot at Lentor Hills Road (Plot A) enjoys an utmost gross floor area of 51thousand 4hundred 11 square metre and is foreseed to supply almost 595 home units. The 10thousand 8hundred 21 sq metre spot at Lentor Hills Road (Parcel B) enjoys an optimum gross floor area of 22,726 sq metre and is presumed to produce approximately 265 real estate units.
The Jalan Tembusu site, on the other hand, owns a size of Nineteen thousand Five hundred Sixty Seven square metre and a max GFA of Fifty Four thousand Seven hundred Eighty Nine square meter. It is projected to supply around 640 houses.
Together, the three plots can supply more or less 1.5K non commercial units.
The tender for the land parcels at Lentor Hills Road (Parcel A) and Jalan Tembusu closes on 18 January 2022.
Huttons Asia considered that the Jln Tembusu location sits on a well-liked neighborhood for plenty of buyers, which “is not a long way from Tanjong Katong MRT terminal”.
“We expect the fruitful offer figure to be around $One thousand Four hundred and $One thousand Five hundred per sq feet ppr. Considering that the flat out quantum is sizeable, the total of bidders might be controlled at 10,” it announced.
For the Lentor Hills plot, Huttons projects the successful offer to spread somewhere between $1.15K and $1,250 psf per PR plus for the spot to earn not more than 10 bidders.
Found only opposite the Lentor Mass Rapid Transit terminal, the Lentor Hills plot “is the 2nd site to get commenced in the location shortly after Lentor Central”.