Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The home locations at Lentor Hills Rd (Plot A) plus Jln Tembusu are commenced available for sale under the Verified Listing whereas Lentor Hills Road (Plot B) is available for registration following the Reserve List,” revealed URA. All of the 3 plots come with a 99-year leasehold tenure also are section for home use.
With a surface area of slightly more than 17thousand sq m, the site at Lentor Hills Rd (Parcel A) offers an utmost gross floor area of 51,411 sq meter and even is anticipated to produce around Five hundred Ninety Five real estate units. The 10thousand 8hundred 21 sq meter location at Lentor Hills Rd (Plot B) possesses a max GFA of 22,726 square metre furthermore is projected to supply around Two hundred Sixty Five home units.
The Jln Tembusu site, alternatively, holds a size of 19,567.4 sq m also a maximum gross floor area of Fifty Four thousand Seven hundred Eighty Nine square meter. It is presumed to produce nearly 6hundred 40 apartments.
Jointly, the 3 sites can return approximately 1,500 housing units.
The offer for the land plots at Lentor Hills Rd (Parcel A) and Jalan Tembusu ends on 18January2022.
Huttons Asia mentioned that the Jln Tembusu location sits on a popular neighborhood for many customers, that “is not far from Tanjong Katong Mass Rapid Transit station”.
“We estimate the triumphant offer price being in between $One thousand Four hundred and $1,500 per square feet per PR. Considering that the total quantum is considerable, the amount of investors may be capped at 10,” it revealed.
For the Lentor Hills site, Huttons forecasts the triumphant tender to run within $1,150 and $1.25K per sq foot per PR and even for the plot to receive not greater than ten investors.
Located right in front of the Lentor Mass Rapid Transit station, the Lentor Hills spot “is the second location being launched in the area right after Lentor Central”.