Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale

“The home sites at Lentor Hills Rd (Plot A) and Jalan Tembusu are released to buy beneath the Confirmed Selection whilst Lentor Hills Rd (Parcel B) is presented for requisition following the Reserve List,” shared Urban Redevelopment Authority. All of the 3 spots carry a Ninety Nine yr leasehold duration also are sector for domestic usage.

Including an area of 17thousand 1hundred 36 sq m, the site at Lentor Hills Road (Parcel A) holds a highest gross floor area of 51thousand 4hundred 11 sq m and is anticipated to generate around 5hundred 95 house units. The 10thousand 8hundred 21 square metre spot at Lentor Hills Road (Parcel B) contains an utmost gross floor area of 22thousand 7hundred 26 square meter furthermore is projected to supply about Two hundred Sixty Five home units.

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The Jln Tembusu spot, meanwhile, comes with a size of 19,567.4 square meter plus a highest gross floor area of 54thousand 7hundred 89 square metre. It is projected to produce nearly Six hundred Forty homes.

Collectively, the three sites can turn out about 1,500 domestic units.

The tender for the land plots at Lentor Hills Rd (Plot A) plus Jalan Tembusu terminates on 18Jan’22.

Huttons Asia noticed that the Jalan Tembusu plot settles on a preferred neighborhood for a number of purchasers, which “is not far from Tanjong Katong Mass Rapid Transit terminal”.

“We expect the successful offer value being around $1.4K and $One thousand Five hundred per sq feet per PR. Considering that the absolute quantum is big, the number of investors might be capped at ten,” it pointed out.

For the Lentor Hills plot, Huttons anticipates the victorious tender to run between $One thousand One hundred Fifty and $1thousand 2hundred 50 psf ppr and even for the spot to reap not more than ten bidders.

Situated right opposite the Lentor MRT station, the Lentor Hills plot “is the 2nd site to become commenced in the neighborhood right after Lentor Central”.

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