Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The residence sites at Lentor Hills Rd (Plot A) and Jln Tembusu are introduced available for sale within the Confirmed List whilst Lentor Hills Road (Plot B) is ready for application beneath the Reserve List,” revealed URA. Each of the three spots featured a 99-year rent period plus are zoned for domestic utilization.
With an area of Seventeen thousand One hundred Thirty Six sq metre, the location at Lentor Hills Rd (Parcel A) enjoys a highest gross floor area of Fifty One thousand Four hundred Eleven sq m and even is calculated to generate about 595 apartment units. The 10,821.9 square m site at Lentor Hills Road (Parcel B) enjoys an optimum GFA of Twenty Two thousand Seven hundred Twenty Six square metre plus is anticipated to yield about 265 apartment units.
The Jln Tembusu site, alternatively, enjoys a size of Nineteen thousand Five hundred Sixty Seven sq m and also an utmost GFA of 54,789 sq m. It is forecasted to return almost 6hundred 40 houses.
Jointly, the three spots can turn out around 1,500 household units.
The offer for the land plots at Lentor Hills Road (Parcel A) plus Jln Tembusu ceases on 18Jan2022.
Huttons Asia considered that the Jln Tembusu location positions on a favored neighborhood for a number of homebuyers, and that “is generally not a long way from Tanjong Katong Mass Rapid Transit terminal”.
“We approximate the fruitful tender pricing being somewhere between $One thousand Four hundred and $One thousand Five hundred psf per PR. Because the flat out quantum is large, the total of investors may be limited at 10,” it mentioned.
Concerning the Lentor Hills location, Huttons projects the successful offer to range somewhere between $1,150 and $1thousand 2hundred 50 psf per PR plus for the location to obtain not greater than ten prospective buyers.
Found just across the Lentor MRT terminal, the Lentor Hills site “is the second spot to get released in the location after Lentor Central”.
