Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The residential locations at Lentor Hills Road (Parcel A) and Jln Tembusu are released up for sale following the Verified List whereas Lentor Hills Road (Plot B) is accessible for request within the Reserve List,” stated URA. Each of the 3 sites featured a 99-year lease tenure and are zoned for housing benefit.
With a surface area of Seventeen thousand One hundred Thirty Six sq m, the plot at Lentor Hills Rd (Parcel A) owns an utmost gross floor area of 51thousand 4hundred 11 sq meter and even is forecasted to generate almost Five hundred Ninety Five real estate units. The 10,821.9 square meter location at Lentor Hills Rd (Parcel B) enjoys an optimum gross floor area of 22thousand 7hundred 26 sq metre and is expected to generate around 265 apartment units.
The Jalan Tembusu spot, alternatively, contains a size of 19,567.4 sq metre and also an optimum gross floor area of 54thousand 7hundred 89 square metre. It is anticipated to yield approximately 640 apartments.
Together, the 3 plots can bring in about 1.5K residential units.
The tender for the land plots at Lentor Hills Rd (Plot A) plus Jln Tembusu concludes on 18January’22.
Huttons Asia noticed that the Jln Tembusu spot sits on a preferred location for several customers, in which “is really not far from Tanjong Katong train terminal”.
“We approximate the triumphant offer rate to be between $One thousand Four hundred and $1.5K psf per PR. As the flat out quantum is sizeable, the amount of investors may possibly be capped at ten,” it stated.
For the Lentor Hills spot, Huttons presumes the triumphant bid to span around $1.15K and $1.25K per square feet ppr and even for the site to earn not beyond ten bidders.
Positioned right across the Lentor train terminal, the Lentor Hills location “is the second plot being kicked off in the location shortly after Lentor Central”.