Lentor Central site awarded to GuocoLand
The bidding for the land parcel at Lentor Central has been bestowed to GuocoLand, which put forward the highest tender of $Seven hundred Eighty Four point One mil, disclosed the Urban Redevelopment Authority on Thursday 29July.
The amount pulls off to a ground rate of $1thousand 2hundred and 4 psf per plot ratio.
GuocoLand pointed out that it would certainly produce the ground into a several benefit property of 3 25-storey towers by having around 6hundred housing units and also more than 96K sq feet of commercial, Food and Beverage plus shopping sectors on the 1st floor.
Being linked together with the upcoming Lentor train station along the TEL, the property is counted on to be introduced during the second half of ’22.
It marked in which the ground, in which was opened on 15April also earned 9 proposals during the windup of its tender on 22 Jul, is close to the outdoors reserves also recreation areas consisting of the Thomson Nature Park, Bishan Park, Lower Seletar Reservoir Park, Upp Seletar Reservoir Park and Lower Peirce Reservoir Park.
It is at the same time in close proximity to multiple schools namely APS, CHS, CHIJ St Nicks Girls’ Sch, Presbyterian High Sch, Raffles Institution, along with the French International Sch, Anderson Serangoon JC plus Nanyang Poly.
“With our new mixed-use property development, we will certainly deliver innovative choices to the area while paying homage to the spot as well as the lavish greenery in the surroundings. The development will certainly furnish the Lentor Hills area with brand-new enhancements also terrific satisfaction while at the same time pushing back borders in the states of habitability also sustainability, basic principles for that Guocoland has actually eventually become prominent,” shared Dora Chng, GM (Housing) at GuocoLand.