Lentor Central site awarded to GuocoLand
The bidding for the land parcel at Lentor Central has actually been assigned to GuocoLand, that handed in the top tender of $Seven hundred Eighty Four point One million, revealed the Urban Redevelopment Authority on Thur 29 Jul.
The price works out to a land rate of $One thousand Two hundred and Four per sq ft per plot ratio.
GuocoLand claimed it would definitely design the location into a different benefit property of three of Twenty Five floor towers by having approximately Six hundred housing apartments furthermore over 96,000 square ft of business, F and B and shopping areas on the ground floor.
Being incorporated along with the forthcoming Lentor Mass Rapid Transit station on the Thomson-East Coast Line, the building is assumed being launched during the 2nd half of ’22.
GuocoLand noticed that the ground, which was released on 15 April and even reaped 9 proposals in the course of the end of its own bidding on 22July, is nearby to the outdoors reserves and also 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 at the same time close-by several institutions including APS, CHS, CHIJ St Nicholas Girls’ Sch, PHS, RI, additionally the French International Sch, Anderson Serangoon JC and also NYP.
“Having our upcoming mixed-use property development, we definitely will gather lively recommendations to the area meantime admiring the venue and also the rich greenery around. The property development will definitely generate the Lentor Hills community with different improvements also great benefit while constraining boundaries in the states of liveability plus sustainability, basic principles for that Guocoland has actually eventually become recognised,” shared Dora Chng, General Manager (Non Commercial) at GuocoLand.