Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The non commercial plots at Lentor Hills Rd (Parcel A) and Jalan Tembusu are launched for sale beneath the Confirmed Selection whereas Lentor Hills Rd (Plot B) is offered for registration under the Reserve Listing,” shared Urban Redevelopment Authority. All three locations included a Ninety Nine yr leasehold period as well as are section for residence benefit.
With a size of Seventeen thousand One hundred Thirty Six square meter, the spot at Lentor Hills Rd (Plot A) comes with an optimum gross floor area of 51thousand 4hundred 11 square meter and is expected to return around 595 real estate units. The Ten thousand Eight hundred Twenty One sq metre plot at Lentor Hills Road (Plot B) enjoys an utmost GFA of Twenty Two thousand Seven hundred Twenty Six square metre furthermore is expected to turn out around Two hundred Sixty Five housing units.
The Jln Tembusu site, alternatively, carries a size of Nineteen thousand Five hundred Sixty Seven sq metre and also a max gross floor area of Fifty Four thousand Seven hundred Eighty Nine square metre. It is projected to generate around Six hundred Forty homes.
Together, the three spots can return around 1thousand 5hundred residential units.
The tender for the land plots at Lentor Hills Rd (Parcel A) and Jalan Tembusu concludes on 18Jan2K22.
Huttons Asia observed that the Jalan Tembusu spot sits on a well-liked area for many prospective buyers, which “is not a long way from Tanjong Katong Mass Rapid Transit terminal”.
“We estimate the successful tender pricing to be in between $One thousand Four hundred and $1.5K psf per plot ratio. Because the total quantum is big, the total of investors might possibly be capped at ten,” it announced.
With Regard To the Lentor Hills site, Huttons calculates the victorious quote to spread in between $One thousand One hundred Fifty and $1.25K psf ppr furthermore for the spot to get not greater than ten investors.
Situated right in front of the Lentor train station, the Lentor Hills plot “is the second spot being kicked off in the area after Lentor Central”.