Lentor Central site awarded to GuocoLand
The offer for the ground lot at Lentor Central has actually gotten awarded to GuocoLand, which put forward the best tender of $7hundred 84.1 mil, introduced the URA on Thursday 29July.
The price figures out to a land cost of $1thousand 2hundred and 4 psf per plot ratio.
GuocoLand mentioned it would definitely develop the location toward a mixed-use structure of 3 25-storey skyscrapers alongside almost Six hundred residential units and also accross Ninety Six thousand square ft of business, Food & Beverage and retail zones on the ground storey.
To be linked with the upcoming Lentor MRT terminal along the Thomson-East Coast Line, the creation is expected to get launched in the second part of ’22.
It took note of that the plot, which was introduced on 15Apr and earned nine quotes in the time of the windup of its bidding on 22July, is nearby to outdoors reserves and also recreation areas including the Thomson Nature Park, Bishan Park, Lower Seletar Reservoir Park, Upper Seletar Reservoir Park as well as Lower Peirce Reservoir Park.
It is furthermore close to multiple institutions like Anderson Pri School, Catholic High Sch, CHIJ SNG School, Presbyterian High Sch, RI, in addition to the FIS, ASRJC and also NYP.
“With our next numerous use building, we are going to introduce fresh concepts to the neighborhood while admiring the locality and also the lavish greenery around. The property will certainly grant the Lentor Hills environment with fresh enhancements plus wonderful advantage whilst pressing boundaries in the worlds of liveability plus durability, criteria for that Guocoland has actually transformed into distinguished,” pointed out that Dora Chng, General Manager (Residential) at GuocoLand.