Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The household plots at Lentor Hills Road (Parcel A) also Jalan Tembusu are kicked off for sale under the Confirmed List whereas Lentor Hills Rd (Parcel B) is readily available for requisition within the Reserve Selection,” revealed Urban Redevelopment Authority. Each of the 3 plots come with a 99-year leasehold duration as well as are zoned for housing usage.
With a surface area of Seventeen thousand One hundred Thirty Six sq m, the plot at Lentor Hills Road (Parcel A) offers an optimum gross floor area of 51thousand 4hundred 11 square m and also is anticipated to produce nearly Five hundred Ninety Five house units. The Ten thousand Eight hundred Twenty One sq metre plot at Lentor Hills Road (Plot B) carries a max GFA of 22,726 square metre plus is anticipated to turn out nearly 2hundred 65 real estate units.
The Jalan Tembusu spot, meanwhile, holds a size of 19thousand 5hundred 67 sq meter and also a highest GFA of 54thousand 7hundred 89 sq metre. It is presumed to supply about 640 homes.
Combined, the three sites can return approximately One thousand Five hundred residence units.
The tender for the land parcels at Lentor Hills Road (Parcel A) and also Jln Tembusu closes on 18January2022.
Huttons Asia observed that the Jln Tembusu site positions on a popular neighborhood for several homebuyers, and that “is not far from Tanjong Katong Mass Rapid Transit station”.
“We predict the victorious offer rate to be somewhere between $1.4K and $1thousand 5hundred per square ft per plot ratio. Being the absolute quantum is big, the number of bidders may possibly be capped at 10,” it shared.
For the Lentor Hills plot, Huttons calculates the victorious bid to run between $One thousand One hundred Fifty and $1.25K per square ft ppr and for the spot to get not more than 10 prospective buyers.
Situated only opposite the Lentor MRT station, the Lentor Hills spot “is the 2nd site to get commenced in the location right after Lentor Central”.