Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale
“The housing locations at Lentor Hills Rd (Plot A) plus Jalan Tembusu are launched to buy following the Verified Selection whereas Lentor Hills Road (Plot B) is accessible for requisition within the Reserve Listing,” pointed out URA. All of the three sites come with a 99-year lease period furthermore are zoned for household usage.
Holding a size of slightly more than 17thousand sq metre, the plot at Lentor Hills Rd (Plot A) owns a max GFA of 51,411 square m plus is anticipated to supply approximately 5hundred 95 home units. The 10thousand 8hundred 21 sq m spot at Lentor Hills Road (Plot B) has an optimum GFA of Twenty Two thousand Seven hundred Twenty Six sq meter and even is forecasted to supply approximately 265 home units.
The Jln Tembusu plot, alternatively, offers an area of 19,567.4 sq m also a maximum gross floor area of Fifty Four thousand Seven hundred Eighty Nine sq m. It is anticipated to supply around 6hundred 40 houses.
Conjointly, the 3 locations can generate almost 1thousand 5hundred non commercial units.
The offer for the land plots at Lentor Hills Road (Plot A) plus Jln Tembusu ceases on 18January2022.
Huttons Asia considered that the Jalan Tembusu plot settles on a preferred area for many homebuyers, that “is really not far from Tanjong Katong train terminal”.
“We predict the fruitful tender amount being between $1.4K and $One thousand Five hundred psf per plot ratio. Because the flat out quantum is considerable, the sum of investors may possibly be capped at 10,” it reported.
For the Lentor Hills location, Huttons calculates the successful proposal to spread around $1,150 and $One thousand Two hundred Fifty per square foot per PR and also for the plot to gain not more than ten bidders.
Found just in front of the Lentor MRT terminal, the Lentor Hills location “is the second location to get opened in the location after Lentor Central”.