Lentor Central site awarded to GuocoLand
The bidding for the land plot at Lentor Central has actually been assigned to GuocoLand, that put forward the greatest quote of $Seven hundred Eighty Four point One mil, revealed the Urban Redevelopment Authority on Thursday 29 July.
The deal figures out to a land rate of $1thousand 2hundred and 4 psf per plot ratio.
GuocoLand stated it would most likely form the location into a several purpose creation of three of 25 storey high rises beside roughly 6hundred home units furthermore over 96thousand square foot of commercial, Food & Beverage along with retail zones on the 1st level.
For being harmonized together with the forthcoming Lentor train terminal on the TEL, the structure is expected to become commenced on the 2nd half of 2022.
It marked that the site, which was opened on 15April also took in 9 offers throughout the end of its own tender on 22 July, is proximate to the outdoors reserves as well as gardens including the Thomson Nature Park, Bishan Park, Lower Seletar Reservoir Park, Upper Seletar Reservoir Park as well as Lower Peirce Reservoir Park.
It is likewise close to numerous academic institutions namely APS, CHS, CHIJ St Nicholas Girls’ Sch, Presbyterian High School, RI, and also the French Intl Sch, Anderson Serangoon JC and Nanyang Polytechnic.
“Having our new several usage property development, we will certainly introduce wholesome ideas to the vicinity meantime glorifying the venue and the luxurious greenery in the range. The development will definitely offer the Lentor Hills area with unique improvements and wonderful practicality while moving margins in the realms of habitability plus sustainability, rules for which Guocoland has eventually become famed,” expressed Dora Chng, GM (Residential) at GuocoLand.