Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The household locations at Lentor Hills Rd (Parcel A) and also Jln Tembusu are kicked off up for sale following the Confirmed Listing while Lentor Hills Rd (Parcel B) is available for request following the Reserve List,” claimed URA. All of the 3 spots holds a 99-year lease duration furthermore are sector for housing use.
With a size of 17thousand 1hundred 36 square metre, the site at Lentor Hills Rd (Plot A) comes with a highest GFA of Fifty One thousand Four hundred Eleven square m and is calculated to supply about 5hundred 95 real estate units. The 10,821.9 square m spot at Lentor Hills Rd (Plot B) owns an utmost GFA of 22thousand 7hundred 26 sq m and is foreseed to generate almost 265 real estate units.
The Jalan Tembusu plot, meanwhile, carries a size of 19thousand 5hundred 67 sq m and a maximum gross floor area of 54thousand 7hundred 89 square metre. It is expected to produce nearly 6hundred 40 apartments.
Conjointly, the 3 locations can generate almost 1,500 household units.
The offer for the land plots at Lentor Hills Rd (Plot A) also Jln Tembusu concludes on 18Jan2K22.
Huttons Asia observed that the Jln Tembusu location settles on a prominent neighborhood for several prospective buyers, and that “is not far-off from Tanjong Katong train station”.
“We expect the triumphant offer rate to be around $1,400 and $1thousand 5hundred psf ppr. As the flat out quantum is sizeable, the sum of prospective buyers might possibly be constricted at 10,” it said.
Concerning the Lentor Hills location, Huttons foresees the triumphant bid to range between $1,150 and $1.25K per sq foot per PR furthermore for the location to collect not more than ten investors.
Located only in front of the Lentor MRT station, the Lentor Hills spot “is the second location to become released in the vicinity right after Lentor Central”.