TID submits highest bid of $1,130 psf ppr for Lentor Hills Road (Parcel B)

For Lentor Hills Road (Parcel B), TID, a joint endeavor between Hong Leong Group as well as Mitsui Fudosan, emerged as the top bidder. TID sent a quote of $276.36 million, which works out to $1,130 psf per plot proportion (psf ppr).

At the close of the tender for 3 government land sale (GLS) websites this night, there were 2 bids for the Lentor Hills Road (Parcel B) property site, 2 bids for Lentor Central property website as well as five bids for the executive condo (EC) website at Bukit Batok West Avenue 5.

Catherine He, director and head of research, Singapore at Colliers, states that the reduced number of bids received for the Lentor Hills Road (Parcel B) and also Lentor Central sites show that programmers were “extra mindful with their proposals because of the ample supply showing up in the location”. An overall of 1,340 property units are approximated to be in the pipe for Lentor.

TID’s bid was 18.9% greater than the $950 psf ppr bid submitted by a consortium making up China Communications Construction Co, Soilbuild Group Holdings and United Engineers (an unit of Yanlord Land), keeps in mind Leonard Tay, head of study at Knight Frank Singapore. This was additionally 6.6% over the $1,060 psf ppr for Lentor Hills Road (Parcel A) which was awarded in January to Hong Leong Holdings, GuocoLand and TID, he includes.

If you’re looking for a low access rate story in a brand-new town, Tengah EC might be the place for you. The new town will certainly have services such as three MRT stations.

Tengah EC Developer

Look no better than the EC job if you’re looking for brand-new real estate in Singapore. Tengah EC new community in the Jurong area will certainly include new living alternatives, plant, and cutting-edge innovations that make sure to excite you. With a prime place near Jurong Lake District and also Jurong Innovation District, Tengah will certainly use a completely brand-new living experience.

The new HDB town of Tengah will include a number of sustainable attributes and also greenery. The town will be the very first completely car-free suburb in Singapore, with underground roads as well as a main park. The estate will certainly additionally have walking as well as cycling courses and also area farmways.

Citizens of Tengah will certainly also have accessibility to a landscape of flowering plants and also butterflies. Due to the fact that the smart-enabled town is being built in an eco-friendly location, there will be extra room for individuals to walk, cycle and also delight in the surrounding nature. Roads will certainly be underground, which will certainly allow for an extra pedestrian-friendly setting.

The 99-year leasehold Lentor Hills Road (Parcel B) site, which extends 116,455 sq ft, can generate around 495 property units. Based on the land price, the future selling price for the advancement could vary between $2,000 as well as $2,100 psf, says Knight Frank’s Tay.