Lentor Central site awarded to GuocoLand
The tender for the ground plot at Lentor Central has recently gotten granted to GuocoLand, in which submitted the optimum bid of $784.1 million, declared the Urban Redevelopment Authority on Thur 29Jul.
The amount pulls off to a land premium of $1,204 per square ft per plot ratio.
GuocoLand stated it would most likely design the ground in to a mixed-use property development of three of 25 level buildings along with about 6hundred house units as well as over 96,000 sq ft of industrial, Food and Beverage and also retail spaces on the ground storey.
To become harmonized with the approaching Lentor MRT terminal along the Thomson-East Coast Line, the structure is predicted to get introduced in the 2nd part of ’22.
GuocoLand noted in which the location, in which was released on 15Apr and even obtained 9 bids during the conclusion of its bidding on 22 July, is neighboring to outdoors reserves as well as gardens providing the Thomson Nature Park, Bishan Park, Lower Seletar Reservoir Park, Upp Seletar Reservoir Park and Lower Peirce Reservoir Park.
It is in addition near various academic institutions which include APS, CHS, CHIJ SNG School, Presbyterian High School, Raffles Institution, as well as the FIS, Anderson Serangoon JC and Nanyang Poly.
“By having our forthcoming numerous operation project, we will certainly deliver innovative choices to the area whilst glorifying the location along with the flourishing greens in the neighborhood. The structure is going to give the Lentor Hills neighborhood with brand-new comforts plus wonderful convenience whilst pushing back margins in the realms of habitability and also durability, guidelines for which Guocoland has recently emerged as famed,” announced Dora Chng, General Manager (Housing) at GuocoLand.