Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The home plots at Lentor Hills Rd (Plot A) and also Jalan Tembusu are kicked off offer for sale following the Confirmed Listing whereas Lentor Hills Road (Parcel B) is presented for application following the Reserve List,” said Urban Redevelopment Authority. All three spots come with a 99-year rent duration plus are sector for home purpose.
With a size of 17,136.9 sq m, the site at Lentor Hills Road (Plot A) has a max GFA of 51,411 sq m plus is anticipated to return about 5hundred 95 housing units. The 10thousand 8hundred 21 sq m site at Lentor Hills Road (Plot B) carries a max GFA of 22,726 sq metre and is forecasted to yield almost 2hundred 65 apartment units.
The Jln Tembusu plot, alternatively, offers an area of 19thousand 5hundred 67 square m and a maximum gross floor area of 54thousand 7hundred 89 sq metre. It is calculated to supply approximately 640 homes.
Combined, the three plots can return close to 1thousand 5hundred home units.
The tender for the land parcels at Lentor Hills Rd (Plot A) plus Jln Tembusu ends on 18 January 2022.
Huttons Asia considered that the Jln Tembusu plot sits on a favored neighborhood for many buyers, and that “is really not far-off from Tanjong Katong Mass Rapid Transit terminal”.
“We expect the fruitful offer rate being within $1,400 and $1,500 psf ppr. Because the flat out quantum is significant, the number of investors may be capped at 10,” it revealed.
Concerning the Lentor Hills spot, Huttons forecasts the triumphant tender to range in between $One thousand One hundred Fifty and $One thousand Two hundred Fifty psf per plot ratio plus for the spot to gather not more than ten bidders.
Situated just across the Lentor MRT station, the Lentor Hills location “is the second location to become released in the neighborhood following Lentor Central”.