Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The residential plots at Lentor Hills Rd (Plot A) plus Jalan Tembusu are commenced for sale following the Confirmed Listing whilst Lentor Hills Rd (Parcel B) is ready for requisition following the Reserve Listing,” claimed URA. All three spots come with a 99 yr leasehold term and are zoned for housing benefit.
Including an area of 17,136.9 square meter, the spot at Lentor Hills Rd (Plot A) owns a maximum GFA of 51thousand 4hundred 11 square m plus is foreseed to return about Five hundred Ninety Five real estate units. The 10thousand 8hundred 21 square m site at Lentor Hills Road (Parcel B) holds a maximum gross floor area of 22thousand 7hundred 26 sq metre and is anticipated to produce almost 265 housing units.
The Jalan Tembusu location, on the other hand, contains an area of 19,567.4 square metre and a maximum gross floor area of Fifty Four thousand Seven hundred Eighty Nine square meter. It is projected to produce approximately 6hundred 40 houses.
Conjointly, the 3 locations can generate almost 1thousand 5hundred residential units.
The tender for the land parcels at Lentor Hills Road (Plot A) and also Jln Tembusu closes on 18 January 2022.
Huttons Asia noticed that the Jln Tembusu plot sits on a popular area for plenty of customers, which “is generally not a long way from Tanjong Katong train terminal”.
“We estimate the fruitful offer rate to be within $1.4K and $1thousand 5hundred psf per plot ratio. Considering that the absolute quantum is big, the total of investors might be limited at ten,” it revealed.
For the Lentor Hills location, Huttons projects the successful proposal to range around $One thousand One hundred Fifty and $One thousand Two hundred Fifty psf per plot ratio and for the spot to take in not beyond 10 bidders.
Positioned just across the Lentor Mass Rapid Transit station, the Lentor Hills spot “is the 2nd plot to be released in the area following Lentor Central”.
