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The Jalan Tembusu site sits in District 15, a popular area for many buyers. It is not far from Tanjong Katong MRT station. Furthermore the project offers unblocked views as homes in the vicinity are predominantly landed and low rise developments.
We estimate the successful tender price to be between $1,400 and $1,500 psf ppr. As the absolute quantum is sizeable, the number of bidders may be capped at 10.
The Lentor Hills site is the second site to be launched in the area after Lentor Central. It is right next to the planned Hillock Park which connects directly to Teachers Estate. The Lentor MRT station is just across the road. There will be more amenities at the Lentor Central site which will benefit this site.
We estimate the successful bid between $1,150 and $1,250 psf ppr and not more than 10 bidders.
