Lentor Central site awarded to GuocoLand
The tender for the land parcel at Lentor Central has already been assigned to GuocoLand, that sent the best offer of $Seven hundred Eighty Four point One mil, reported the URA on Thursday 29Jul.
The price figures out to a land cost of $1thousand 2hundred and 4 per square ft per plot ratio.
GuocoLand expressed it would establish the plot in to a mixed-use structure of 3 25-storey skyscrapers including nearly Six hundred residence units and also accross 96thousand sq feet of business, F&B including retail areas on the ground level.
To become harmonized along with the upcoming Lentor MRT station on the Thomson-East Coast Line, the property development is expected being launched during the 2nd half of 2K22.
It marked in which the spot, in which was commenced on 15April and got 9 prices in the time of the conclusion of its tender on 22Jul, is next to the outdoors reserves along with parks including the Thomson Nature Park, Bishan Park, Lower Seletar Reservoir Park, Upp Seletar Reservoir Park and Lower Peirce Reservoir Park.
It is furthermore close to a range of schools for example, Anderson Primary School, CHS, CHIJ St Nicks Girls’ Sch, Presbyterian High Sch, RI, in addition to the FIS, ASRJC and also NYP.
“Having our future different purpose creation, we definitely will offer lively choices to the neighbourhood whilst paying homage to the place and the lush greens in the vicinity. The building will definitely render the Lentor Hills area with modern enhancements and great benefit whilst pressing limits in the states of liveability also durability, criteria for which Guocoland has already become prominent,” explained Dora Chng, GM (Housing) at GuocoLand.