Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The domestic plots at Lentor Hills Road (Parcel A) plus Jalan Tembusu are opened available within the Confirmed List whilst Lentor Hills Rd (Plot B) is ready for requisition within the Reserve Selection,” reported Urban Redevelopment Authority. Each of the 3 spots possessed a 99-year rent period as well as are zoned for housing usage.
Holding a surface area of slightly more than 17thousand square meter, the spot at Lentor Hills Rd (Parcel A) contains an utmost GFA of 51thousand 4hundred 11 square metre plus is forecasted to bring in almost 595 apartment units. The Ten thousand Eight hundred Twenty One sq meter location at Lentor Hills Road (Parcel B) comes with a max gross floor area of 22,726 sq m also is projected to yield around 265 home units.
The Jalan Tembusu location, meanwhile, has an area of 19,567.4 square metre and a highest gross floor area of 54,789 sq m. It is presumed to yield around 640 apartments.
Combined, the 3 locations can yield about 1,500 housing units.
The tender for the land parcels at Lentor Hills Road (Parcel A) and also Jalan Tembusu closes on 18Jan2K22.
Huttons Asia noticed that the Jalan Tembusu plot sits on a popular area for numerous customers, that “is generally not a long way from Tanjong Katong MRT station”.
“We expect the triumphant offer amount to be in between $1.4K and $1,500 per sq feet per PR. Considering that the flat out quantum is considerable, the total of investors may be capped at ten,” it shared.
With Regard To the Lentor Hills spot, Huttons expects the successful quote to spread somewhere between $1thousand 1hundred 50 and $1,250 psf per plot ratio and for the site to acquire not beyond ten investors.
Found right opposite the Lentor Mass Rapid Transit terminal, the Lentor Hills location “is the second spot to get introduced in the neighborhood following Lentor Central”.