Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The non commercial plots at Lentor Hills Road (Parcel A) plus Jln Tembusu are released available for sale beneath the Confirmed Selection whereas Lentor Hills Rd (Plot B) is available for requisition following the Reserve List,” reported URA. All of the three sites possessed a 99 year lease duration furthermore are sector for residence utilization.
Including a size of slightly more than 17thousand square meter, the plot at Lentor Hills Road (Plot A) possesses a highest GFA of 51,411 square meter plus is calculated to generate about 5hundred 95 real estate units. The Ten thousand Eight hundred Twenty One square metre location at Lentor Hills Road (Plot B) offers an utmost GFA of Twenty Two thousand Seven hundred Twenty Six square meter also is presumed to return about 2hundred 65 house units.
The Jln Tembusu site, on the other hand, holds an area of 19thousand 5hundred 67 square metre also a maximum GFA of Fifty Four thousand Seven hundred Eighty Nine square meter. It is forecasted to return around 6hundred 40 residences.
Combined, the three sites can produce close to 1.5K household units.
The offer for the land plots at Lentor Hills Road (Plot A) also Jln Tembusu ends on 18January2K22.
Huttons Asia indicated that the Jalan Tembusu plot positions on a prominent neighborhood for several prospective buyers, and that “is really not far from Tanjong Katong MRT terminal”.
“We predict the victorious offer figure to be in between $1.4K and $One thousand Five hundred per square foot per plot ratio. Considering that the absolute quantum is significant, the sum of prospective buyers may be capped at 10,” it announced.
For the Lentor Hills site, Huttons projects the fruitful quote to spread within $1thousand 1hundred 50 and $1thousand 2hundred 50 psf per plot ratio and also for the site to collect not beyond 10 bidders.
Situated just in front of the Lentor train station, the Lentor Hills location “is the second plot being kicked off in the area shortly after Lentor Central”.