Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The housing spots at Lentor Hills Road (Plot A) also Jln Tembusu are introduced offer for sale within the Verified List while at the same time Lentor Hills Rd (Parcel B) is accessible for registration under the Reserve List,” stated URA. All of the 3 sites possessed a Ninety Nine yr leasehold tenure furthermore are sector for domestic purpose.
Holding a size of Seventeen thousand One hundred Thirty Six square meter, the site at Lentor Hills Rd (Plot A) has a highest gross floor area of Fifty One thousand Four hundred Eleven sq meter plus is forecasted to yield around 595 housing units. The Ten thousand Eight hundred Twenty One sq m location at Lentor Hills Road (Parcel B) carries an utmost gross floor area of Twenty Two thousand Seven hundred Twenty Six sq meter and is foreseed to produce around 2hundred 65 housing units.
The Jalan Tembusu location, alternatively, owns an area of 19,567.4 sq m and also an optimum GFA of 54thousand 7hundred 89 square m. It is calculated to yield about 6hundred 40 houses.
Combined, the 3 locations can turn out more or less 1.5K residential units.
The offer for the land plots at Lentor Hills Rd (Plot A) and also Jln Tembusu concludes on 18Jan’22.
Huttons Asia noticed that the Jalan Tembusu site settles on a well-liked neighborhood for plenty of homebuyers, which “is generally not far from Tanjong Katong MRT terminal”.
“We approximate the fruitful offer price being somewhere between $1.4K and $1thousand 5hundred psf per PR. Because the total quantum is considerable, the number of prospective buyers may be confined at 10,” it reported.
For the Lentor Hills plot, Huttons expects the fruitful tender to range within $1thousand 1hundred 50 and $1.25K psf per PR and also for the location to gain not greater than 10 prospective buyers.
Situated right in front of the Lentor train station, the Lentor Hills spot “is the 2nd spot being kicked off in the location following Lentor Central”.