Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The non commercial locations at Lentor Hills Road (Parcel A) plus Jalan Tembusu are introduced up for sale within the Verified List while at the same time Lentor Hills Rd (Plot B) is presented for application under the Reserve Selection,” pointed out URA. All of the three sites carry a 99-year rent period plus are sector for non commercial usage.
Including a size of 17thousand 1hundred 36 sq meter, the plot at Lentor Hills Rd (Plot A) offers a max gross floor area of Fifty One thousand Four hundred Eleven square meter and also is projected to turn out around 5hundred 95 real estate units. The Ten thousand Eight hundred Twenty One square metre plot at Lentor Hills Road (Parcel B) owns an optimum gross floor area of 22,726 sq meter and even is calculated to turn out about Two hundred Sixty Five real estate units.
The Jalan Tembusu site, meanwhile, carries an area of 19,567.4 square meter and an optimum gross floor area of 54thousand 7hundred 89 sq meter. It is calculated to turn out almost 6hundred 40 homes.
Jointly, the 3 locations can return more or less One thousand Five hundred domestic units.
The tender for the land parcels at Lentor Hills Rd (Parcel A) and Jln Tembusu ends on 18Jan2022.
Huttons Asia noticed that the Jalan Tembusu site settles on a popular location for a number of buyers, in which “is generally not far from Tanjong Katong Mass Rapid Transit station”.
“We estimate the successful offer price being in between $1.4K and $One thousand Five hundred per sq foot per plot ratio. Being the absolute quantum is considerable, the number of prospective buyers might possibly be capped at 10,” it announced.
For the Lentor Hills spot, Huttons projects the victorious quote to spread in between $One thousand One hundred Fifty and $1,250 per sq ft ppr and even for the location to collect not more than 10 prospective buyers.
Located right in front of the Lentor train station, the Lentor Hills spot “is the second spot to be introduced in the location after Lentor Central”.
