Lentor Central site awarded to GuocoLand
The bidding for the ground piece at Lentor Central has gotten allocated to GuocoLand, in which filed the strongest quote of $7hundred 84.1 mil, published the URA on Thur 29 July.
The price figures out to a land cost of $1,204 psf ppr.
GuocoLand pointed out that it would design the location right into a mixed-use structure of 3 of Twenty Five level buildings including around 600 residence apartments and even more than 96K sq ft of industrial, Food & Beverage also shopping zones on the 1st level.
To get linked along with the future Lentor MRT terminal on the TEL, the property is expected for being released in the second part of ’22.
It noted in which the site, in which was commenced on 15Apr also obtained nine bids in the course of the end of its tender on 22 Jul, is close to outdoors reserves and recreation areas including the Thomson Nature Park, Bishan Park, Lower Seletar Reservoir Park, Upper Seletar Reservoir Park in addition to Lower Peirce Reservoir Park.
It is also close-by various institutions for example, Anderson Primary School, CHS, CHIJ St Nicks Girls’ Sch, PHS, RI, additionally the FIS, ASRJC also Nanyang Poly.
“Having our new multiple purpose structure, we will gather wholesome choices to the neighborhood while at the same time paying homage to the area and the lush greenery around. The project will definitely provide the Lentor Hills community with brand-new improvements along with wonderful practicality bit pressuring boundaries in the states of liveability also sustainability, fundamentals for that Guocoland has actually become well-known,” stated Dora Chng, General Manager (Non Commercial) at GuocoLand.