Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The household locations at Lentor Hills Road (Parcel A) and Jln Tembusu are launched available beneath the Verified List whereas Lentor Hills Rd (Plot B) is readily available for application under the Reserve Selection,” mentioned Urban Redevelopment Authority. All three plots featured a 99-year lease tenure plus are zoned for home usage.
Including a surface area of slightly more than 17thousand square m, the site at Lentor Hills Rd (Parcel A) contains a highest GFA of 51,411 square metre furthermore is calculated to generate about 595 housing units. The Ten thousand Eight hundred Twenty One square metre location at Lentor Hills Rd (Parcel B) contains an utmost GFA of 22,726 square metre and even is calculated to produce around 265 housing units.
The Jln Tembusu spot, on the other hand, enjoys a size of 19,567.4 square meter also a highest GFA of Fifty Four thousand Seven hundred Eighty Nine square meter. It is projected to return around Six hundred Forty houses.
Conjointly, the three sites can supply around 1.5K non commercial units.
The offer for the land plots at Lentor Hills Rd (Plot A) and also Jln Tembusu concludes on 18Jan’22.
Huttons Asia indicated that the Jalan Tembusu spot positions on a prominent location for lots of buyers, in which “is generally not far-off from Tanjong Katong MRT terminal”.
“We assess the fruitful tender amount to be within $1.4K and $1.5K psf ppr. Considering that the flat out quantum is considerable, the sum of bidders might possibly be controlled at ten,” it mentioned.
For the Lentor Hills spot, Huttons expects the triumphant proposal to range between $1,150 and $One thousand Two hundred Fifty per sq feet per plot ratio also for the site to earn not beyond 10 bidders.
Located only across the Lentor train terminal, the Lentor Hills site “is the 2nd location being opened in the neighborhood following Lentor Central”.