Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The home locations at Lentor Hills Rd (Parcel A) also Jalan Tembusu are kicked off to buy within the Confirmed Selection whereas Lentor Hills Rd (Parcel B) is offered for request under the Reserve Selection,” reported Urban Redevelopment Authority. Each of the 3 plots included a 99-year rent tenure plus are zoned for domestic utilization.
Holding an area of 17,136.9 sq meter, the spot at Lentor Hills Rd (Plot A) comes with an optimum GFA of Fifty One thousand Four hundred Eleven square metre and also is forecasted to bring in almost 595 apartment units. The 10thousand 8hundred 21 sq metre spot at Lentor Hills Road (Plot B) owns a highest GFA of 22thousand 7hundred 26 square m and also is foreseed to bring in nearly Two hundred Sixty Five house units.
The Jalan Tembusu spot, meanwhile, owns an area of 19,567.4 sq meter also an utmost gross floor area of 54thousand 7hundred 89 square metre. It is anticipated to turn out approximately 6hundred 40 residences.
Jointly, the three sites can bring in almost 1thousand 5hundred housing units.
The offer for the land plots at Lentor Hills Rd (Plot A) and Jalan Tembusu ends on 18Jan’22.
Huttons Asia considered that the Jalan Tembusu site positions on a favored area for several purchasers, that “is generally not a long way from Tanjong Katong train station”.
“We predict the victorious tender rate to be within $1,400 and $1.5K per square foot ppr. As the flat out quantum is big, the sum of bidders might possibly be controlled at 10,” it said.
For the Lentor Hills spot, Huttons anticipates the triumphant proposal to spread somewhere between $One thousand One hundred Fifty and $1thousand 2hundred 50 per square feet per plot ratio and for the plot to receive not more than 10 bidders.
Found just in front of the Lentor Mass Rapid Transit terminal, the Lentor Hills spot “is the 2nd plot to get kicked off in the vicinity shortly after Lentor Central”.