Lentor Central site awarded to GuocoLand
The tender for the land lot at Lentor Central has actually been handed out to GuocoLand, which put forward the highest bid of $784.1 million, released the URA on Thur 29Jul.
The rate pulls off to a ground premium of $1,204 per sq foot per plot ratio.
GuocoLand mentioned it would definitely create the location right into a mixed-use creation of 3 of Twenty Five floor skyscrapers alongside about 6hundred housing units furthermore over Ninety Six thousand sq ft of business, Food & Beverage along with retail zones on the 1st floor.
To get linked along with the forthcoming Lentor MRT terminal along the Thomson-East Coast Line, the property is counted on to get opened on the 2nd part of 2022.
GuocoLand kept in mind that the location, in which was commenced on 15April and obtained 9 tenders during the conclusion of its tender on 22July, is nearby to the outdoors reserves also gardens consisting of the Thomson Nature Park, Bishan Park, Lower Seletar Reservoir Park, Upper Seletar Reservoir Park and Lower Peirce Reservoir Park.
It is at the same time nearby numerous academic institutions such as APS, Catholic High Sch, CHIJ St Nicks Girls’ School, Presbyterian High Sch, RI, along with the FIS, Anderson Serangoon JC and Nanyang Polytechnic.
“By having our forthcoming mixed-use development, we will certainly bring along lively options to the area while paying homage to the site along with the lush greenery in the location. The property development is going to offer the Lentor Hills area with updated features and even wonderful benefit while pushing back boundaries in the realms of liveability also durability, concepts for that Guocoland has already grown into famed,” announced Dora Chng, GM (Residential) at GuocoLand.