Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The home plots at Lentor Hills Road (Plot A) and Jln Tembusu are commenced for sale within the Confirmed List whilst Lentor Hills Rd (Parcel B) is available for registration under the Reserve List,” revealed URA. Each of the three locations possessed a 99-year rent term and are section for household use.
Including a surface area of 17,136.9 sq metre, the site at Lentor Hills Rd (Plot A) has an optimum GFA of 51,411 square m plus is anticipated to return about Five hundred Ninety Five real estate units. The 10,821.9 square metre site at Lentor Hills Rd (Parcel B) holds a max GFA of Twenty Two thousand Seven hundred Twenty Six square metre plus is foreseed to bring in about Two hundred Sixty Five apartment units.
The Jln Tembusu plot, meanwhile, enjoys a size of 19thousand 5hundred 67 sq meter plus a max gross floor area of Fifty Four thousand Seven hundred Eighty Nine sq m. It is calculated to generate around 6hundred 40 homes.
Conjointly, the 3 sites can bring in close to 1,500 domestic units.
The offer for the land plots at Lentor Hills Road (Plot A) also Jln Tembusu ends on 18Jan2K22.
Huttons Asia mentioned that the Jln Tembusu plot sits on a prominent location for numerous purchasers, that “is not far from Tanjong Katong Mass Rapid Transit station”.
“We expect the victorious offer price being around $1thousand 4hundred and $One thousand Five hundred per square foot per PR. Being the absolute quantum is considerable, the total of investors might be capped at ten,” it reported.
With Regard To the Lentor Hills plot, Huttons anticipates the triumphant tender to span somewhere between $1.15K and $1,250 per square ft ppr also for the location to collect not more than ten investors.
Situated just in front of the Lentor train station, the Lentor Hills location “is the 2nd site being released in the location shortly after Lentor Central”.