Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The residence spots at Lentor Hills Rd (Plot A) and Jln Tembusu are launched to buy following the Verified List whereas Lentor Hills Road (Parcel B) is offered for application under the Reserve List,” mentioned Urban Redevelopment Authority. All 3 plots holds a Ninety Nine year lease period and also are sector for residence use.
With a size of slightly more than 17thousand sq m, the plot at Lentor Hills Road (Plot A) has a highest gross floor area of 51,411 square metre and also is presumed to supply about Five hundred Ninety Five home units. The 10,821.9 sq m site at Lentor Hills Rd (Plot B) contains a max gross floor area of 22thousand 7hundred 26 sq metre also is forecasted to generate nearly 2hundred 65 house units.
The Jln Tembusu spot, meanwhile, contains a size of Nineteen thousand Five hundred Sixty Seven sq metre plus a highest gross floor area of 54thousand 7hundred 89 sq meter. It is anticipated to bring in around 6hundred 40 houses.
Collectively, the 3 plots can supply close to 1.5K non commercial units.
The offer for the land plots at Lentor Hills Rd (Plot A) and also Jalan Tembusu ends on 18Jan2K22.
Huttons Asia observed that the Jalan Tembusu location settles on a favored location for many customers, which “is really not a long way from Tanjong Katong Mass Rapid Transit station”.
“We assess the triumphant tender rate being within $One thousand Four hundred and $1,500 psf per PR. Being the total quantum is big, the total of bidders might possibly be capped at 10,” it announced.
With Regard To the Lentor Hills site, Huttons presumes the victorious offer to range within $One thousand One hundred Fifty and $1.25K psf per PR also for the site to receive not beyond ten prospective buyers.
Located only opposite the Lentor train terminal, the Lentor Hills plot “is the 2nd site to be released in the location following Lentor Central”.