Lentor Central site awarded to GuocoLand
The bidding for the ground lot at Lentor Central has already been granted to GuocoLand, that filed the best bid of $784.1 million, announced the Urban Redevelopment Authority on Thur 29July.
The amount pulls off to a land cost of $1thousand 2hundred and 4 psf per plot ratio.
GuocoLand stated it would form the spot right into a mixed-use property development of three of Twenty Five floor skyscrapers beside around Six hundred residential units as well as accross 96,000 sq foot of industrial, Food & Beverage as well as shopping zones on the 1st floor.
Being incorporated together with the next Lentor train station on the Thomson-East Coast Line, the building is forecasted to become launched during the second half of 2022.
It mentioned that the site, in which was opened on 15 April also picked up 9 offers during the completion of its own bidding on 22 July, is close to the outdoors reserves also parks such as the Thomson Nature Park, Bishan Park, Lower Seletar Reservoir Park, Upper Seletar Reservoir Park and Lower Peirce Reservoir Park.
It is similarly in close proximity to a range of institutions such as APS, Catholic High Sch, CHIJ St Nicholas Girls’ School, Presbyterian High School, Raffles Institution, additionally the French International Sch, Anderson Serangoon JC and NYP.
“With our next mixed-use property, we definitely will introduce fresh options to the neighbourhood while glorifying the location as well as the luxurious greens around. The property development will offer the Lentor Hills town with modern comforts along with fantastic satisfaction while moving perimeters in the worlds of liveability and sustainability, standards for which Guocoland has recently ended up being well-known,” revealed Dora Chng, GM (Housing) at GuocoLand.