Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The domestic spots at Lentor Hills Rd (Parcel A) and Jln Tembusu are released to buy following the Verified Selection whereas Lentor Hills Rd (Plot B) is offered for registration under the Reserve Selection,” shared Urban Redevelopment Authority. All 3 sites holds a 99-year leasehold term as well as are zoned for non commercial usage.
Holding a size of slightly more than 17thousand square meter, the plot at Lentor Hills Rd (Plot A) offers an utmost GFA of Fifty One thousand Four hundred Eleven sq meter and also is expected to bring in around 5hundred 95 apartment units. The 10thousand 8hundred 21 sq metre location at Lentor Hills Rd (Plot B) holds an utmost gross floor area of Twenty Two thousand Seven hundred Twenty Six square meter and is calculated to turn out almost 265 housing units.
The Jalan Tembusu site, on the other hand, has a size of Nineteen thousand Five hundred Sixty Seven square meter and also a highest gross floor area of 54,789 sq meter. It is projected to supply almost 6hundred 40 houses.
Collectively, the 3 plots can generate more or less 1,500 housing units.
The tender for the land parcels at Lentor Hills Rd (Plot A) also Jln Tembusu closes on 18January2022.
Huttons Asia mentioned that the Jln Tembusu plot sits on a prominent neighborhood for a number of buyers, which “is really not far from Tanjong Katong Mass Rapid Transit terminal”.
“We approximate the fruitful tender price to be between $One thousand Four hundred and $1.5K per sq ft per PR. Considering that the flat out quantum is substantial, the total of bidders might be controlled at 10,” it mentioned.
For the Lentor Hills location, Huttons projects the victorious tender to range between $1thousand 1hundred 50 and $1.25K per sq foot ppr plus for the spot to acquire not greater than 10 prospective buyers.
Found just in front of the Lentor MRT station, the Lentor Hills site “is the 2nd site being opened in the area following Lentor Central”.