Lentor Central site awarded to GuocoLand
The bidding for the land plot at Lentor Central has gotten handed out to GuocoLand, in which filed the highest price of $7hundred 84.1 mil, released the Urban Redevelopment Authority on Thur 29July.
The price tag formulates to a ground premium of $One thousand Two hundred and Four per square foot ppr.
GuocoLand reported it would produce the plot in to a mixed-use development of 3 25-storey skyscrapers beside nearly 6hundred home apartments and over 96thousand sq ft of industrial, F and B also shopping spaces on the first storey.
To get blended together with the approaching Lentor Mass Rapid Transit station along the TEL, the project is expected being commenced in the 2nd part of ’22.
GuocoLand kept in mind that the plot, that was introduced on 15 Apr also obtained 9 offers during the completion of its own tender on 22July, is adjacent to the outdoors reserves and gardens consisting of the Thomson Nature Park, Bishan Park, Lower Seletar Reservoir Park, Upper Seletar Reservoir Park in addition to Lower Peirce Reservoir Park.
It is furthermore neighboring a range of schools such as APS, CHS, CHIJ St Nicholas Girls’ School, PHS, Raffles Institution, in addition to the French Intl Sch, Anderson Serangoon JC also NYP.
“By having our upcoming mixed-use development, we definitely will deliver new options to the neighbourhood while at the same time glorifying the area and the lush greenery around. The project will definitely supply the Lentor Hills area with different services as well as excellent benefit while at the same time pressing margins in the worlds of liveability and sustainability, criteria for that Guocoland has ended up being renowned,” said Dora Chng, GM (Residential) at GuocoLand.