Lentor Central site awarded to GuocoLand
The tender for the ground parcel at Lentor Central has been granted to GuocoLand, that put forward the strongest offer of $7hundred 84.1 million, stated the Urban Redevelopment Authority on Thursday 29July.
The price calculates to a ground price of $One thousand Two hundred and Four per square ft per plot ratio.
GuocoLand explained it would certainly develop the ground toward a mixed-use property development of 3 of Twenty Five level buildings along with about 600 non commercial units furthermore more than 96K sq foot of business, F and B and also retail areas on the ground storey.
To get incorporated with the next Lentor train station on the Thomson-East Coast Line, the structure is anticipated to become released on the second half of ’22.
GuocoLand noted in which the location, that was commenced on 15Apr and even collected 9 quotes throughout the windup of its own bidding on 22Jul, is proximate to landscape reserves and also gardens including the Thomson Nature Park, Bishan Park, Lower Seletar Reservoir Park, Upp Seletar Reservoir Park in addition to Lower Peirce Reservoir Park.
It is equally near a range of schools such as APS, CHS, CHIJ SNG Sch, PHS, Raffles Institution, along with the French Intl School, Anderson Serangoon JC and also Nanyang Polytechnic.
“By having our upcoming mixed-use creation, we are going to offer innovative concepts to the neighborhood meantime paying homage to the location and also the rich greenery around. The project definitely will present the Lentor Hills town with all-new services and also wonderful ease while at the same time pressuring perimeters in the states of liveability also durability, standards for that Guocoland possesses transformed into distinguished,” shared Dora Chng, GM (Residential) at GuocoLand.