Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The residential locations at Lentor Hills Road (Plot A) also Jln Tembusu are opened for sale beneath the Verified List whereas Lentor Hills Road (Plot B) is offered for registration within the Reserve Listing,” claimed Urban Redevelopment Authority. Each of the three locations featured a 99-year leasehold term plus are sector for home purpose.
Including a size of slightly more than 17thousand square meter, the plot at Lentor Hills Rd (Plot A) has an utmost gross floor area of 51,411 sq m and even is presumed to generate around 595 housing units. The 10,821.9 sq metre plot at Lentor Hills Road (Plot B) carries an utmost gross floor area of Twenty Two thousand Seven hundred Twenty Six sq metre plus is forecasted to turn out almost 2hundred 65 real estate units.
The Jalan Tembusu plot, meanwhile, offers a size of 19,567.4 sq meter and also a highest gross floor area of 54,789 sq metre. It is forecasted to turn out approximately 6hundred 40 residences.
Collectively, the 3 plots can turn out about 1,500 home units.
The offer for the land parcels at Lentor Hills Rd (Plot A) also Jln Tembusu concludes on 18Jan’22.
Huttons Asia noted that the Jln Tembusu site settles on a preferred area for numerous homebuyers, and that “is not far-off from Tanjong Katong MRT station”.
“We estimate the fruitful tender rate being around $1thousand 4hundred and $1thousand 5hundred per sq ft ppr. Considering that the absolute quantum is big, the amount of investors might be capped at 10,” it said.
Concerning the Lentor Hills plot, Huttons calculates the victorious quote to run in between $One thousand One hundred Fifty and $1,250 psf per PR also for the site to reap not more than 10 investors.
Located right across the Lentor MRT station, the Lentor Hills spot “is the 2nd site to become opened in the area shortly after Lentor Central”.