Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The household plots at Lentor Hills Rd (Plot A) and Jalan Tembusu are launched to buy within the Verified List whereas Lentor Hills Road (Parcel B) is readily available for requisition beneath the Reserve Listing,” claimed Urban Redevelopment Authority. All of the 3 locations carry a 99 year rent period as well as are section for residential purpose.
With a size of 17,136.9 square meter, the site at Lentor Hills Rd (Plot A) owns a max gross floor area of Fifty One thousand Four hundred Eleven sq metre plus is projected to return around 5hundred 95 housing units. The 10,821.9 square m plot at Lentor Hills Road (Parcel B) contains a maximum gross floor area of 22,726 square meter and even is anticipated to generate around 265 housing units.
The Jln Tembusu plot, alternatively, carries an area of 19thousand 5hundred 67 square m and a maximum gross floor area of 54,789 sq m. It is foreseed to turn out almost 640 residences.
Together, the 3 plots can supply approximately 1.5K housing units.
The offer for the land plots at Lentor Hills Road (Plot A) and Jalan Tembusu closes on 18January2K22.
Huttons Asia mentioned that the Jalan Tembusu site settles on a prominent neighborhood for several customers, in which “is not far from Tanjong Katong train station”.
“We expect the triumphant offer amount being within $1.4K and $1thousand 5hundred per square foot ppr. Being the absolute quantum is large, the total of prospective buyers may possibly be capped at 10,” it revealed.
For the Lentor Hills plot, Huttons calculates the triumphant tender to run around $1,150 and $1,250 per sq ft per PR plus for the location to gain not beyond ten investors.
Found just across the Lentor Mass Rapid Transit terminal, the Lentor Hills spot “is the 2nd site being introduced in the area after Lentor Central”.