Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The domestic spots at Lentor Hills Rd (Parcel A) and also Jalan Tembusu are commenced offer for sale within the Confirmed List while at the same time Lentor Hills Rd (Plot B) is ready for application under the Reserve Selection,” reported URA. All of the 3 spots holds a Ninety Nine yr lease duration as well as are zoned for home benefit.
Holding a size of 17,136.9 sq m, the plot at Lentor Hills Road (Plot A) possesses a maximum GFA of 51thousand 4hundred 11 square metre and even is calculated to yield nearly Five hundred Ninety Five apartment units. The 10thousand 8hundred 21 square meter location at Lentor Hills Road (Plot B) offers an utmost gross floor area of 22thousand 7hundred 26 square meter furthermore is expected to yield approximately Two hundred Sixty Five home units.
The Jalan Tembusu spot, meanwhile, enjoys an area of 19,567.4 square metre and an utmost gross floor area of 54thousand 7hundred 89 square meter. It is anticipated to generate approximately 6hundred 40 residences.
Combined, the three locations can bring in almost One thousand Five hundred housing units.
The offer for the land parcels at Lentor Hills Rd (Parcel A) also Jalan Tembusu ceases on 18January’22.
Huttons Asia observed that the Jln Tembusu spot positions on a popular neighborhood for plenty of customers, which “is not far from Tanjong Katong MRT terminal”.
“We estimate the fruitful tender figure being within $1thousand 4hundred and $1,500 per sq ft per PR. Being the flat out quantum is considerable, the total of prospective buyers might be capped at 10,” it mentioned.
With Regard To the Lentor Hills plot, Huttons foresees the fruitful tender to run within $1,150 and $1.25K per sq feet ppr plus for the spot to earn not beyond ten prospective buyers.
Found just across the Lentor train terminal, the Lentor Hills site “is the 2nd site to get released in the vicinity following Lentor Central”.