Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The domestic plots at Lentor Hills Rd (Parcel A) and Jln Tembusu are opened available for sale within the Confirmed Selection while Lentor Hills Road (Parcel B) is readily available for requisition beneath the Reserve List,” pointed out URA. Each of the 3 locations holds a 99-year leasehold duration plus are sector for domestic utilization.
Including a size of 17thousand 1hundred 36 square metre, the location at Lentor Hills Road (Plot A) owns a maximum GFA of Fifty One thousand Four hundred Eleven square meter furthermore is anticipated to generate nearly 595 apartment units. The Ten thousand Eight hundred Twenty One square m spot at Lentor Hills Rd (Plot B) contains a maximum GFA of 22,726 square meter also is forecasted to generate almost Two hundred Sixty Five house units.
The Jln Tembusu site, meanwhile, holds an area of 19thousand 5hundred 67 sq m and an optimum GFA of Fifty Four thousand Seven hundred Eighty Nine sq meter. It is forecasted to return about 6hundred 40 houses.
Combined, the three spots can supply more or less One thousand Five hundred household units.
The offer for the land plots at Lentor Hills Rd (Plot A) also Jln Tembusu terminates on 18January2K22.
Huttons Asia considered that the Jln Tembusu plot positions on a favored location for plenty of homebuyers, which “is really not far from Tanjong Katong Mass Rapid Transit terminal”.
“We expect the triumphant tender figure to be within $One thousand Four hundred and $1,500 psf per PR. Being the total quantum is substantial, the amount of bidders might be confined at 10,” it claimed.
With Regard To the Lentor Hills location, Huttons expects the victorious proposal to spread within $1thousand 1hundred 50 and $1.25K psf per PR and also for the site to gain not more than ten prospective buyers.
Found just across the Lentor MRT terminal, the Lentor Hills location “is the second location to be kicked off in the vicinity after Lentor Central”.