Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The household locations at Lentor Hills Rd (Parcel A) and Jalan Tembusu are opened offer for sale beneath the Confirmed Selection whereas Lentor Hills Rd (Parcel B) is ready for registration beneath the Reserve Listing,” claimed Urban Redevelopment Authority. Each of the three locations holds a 99-year rent period as well as are sector for residential usage.
Holding a surface area of 17,136.9 square meter, the location at Lentor Hills Rd (Plot A) comes with an utmost GFA of 51,411 square m and also is presumed to produce nearly 595 house units. The 10thousand 8hundred 21 sq metre plot at Lentor Hills Rd (Parcel B) contains a max gross floor area of 22,726 square metre and is foreseed to generate approximately 2hundred 65 house units.
The Jalan Tembusu location, on the other hand, comes with an area of 19thousand 5hundred 67 square metre and a highest gross floor area of 54thousand 7hundred 89 square meter. It is calculated to supply approximately Six hundred Forty residences.
Combined, the three sites can bring in almost 1thousand 5hundred domestic units.
The tender for the land plots at Lentor Hills Road (Plot A) also Jalan Tembusu ends on 18January2K22.
Huttons Asia observed that the Jalan Tembusu location sits on a prominent neighborhood for numerous buyers, in which “is not far from Tanjong Katong MRT station”.
“We assess the fruitful tender figure to be within $1.4K and $1,500 psf per PR. Considering that the flat out quantum is large, the total of bidders might be capped at 10,” it pointed out.
For the Lentor Hills location, Huttons calculates the successful proposal to span within $1thousand 1hundred 50 and $1.25K per sq ft per PR furthermore for the spot to take in not more than 10 bidders.
Located right in front of the Lentor train terminal, the Lentor Hills location “is the 2nd site to be released in the location right after Lentor Central”.