Lentor Central site awarded to GuocoLand
The bidding for the land parcel at Lentor Central has been handed out to GuocoLand, in which handed in the highest value price of $7hundred 84.1 mil, revealed the Urban Redevelopment Authority on Thur 29July.
The cost works out to a land premium of $1thousand 2hundred and 4 psf ppr.
GuocoLand claimed it would most likely form the plot into a various purpose building of 3 of Twenty Five level skyscrapers with about 600 residence apartments plus in excess of 96K sq feet of industrial, Food and Beverage and even retail spots on the first floor.
To be linked together with the upcoming Lentor train station on the Thomson-East Coast Line, the property is assumed being introduced on the 2nd half of ’22.
It indicated that the plot, which was released on 15 Apr also procured nine quotes at the time of the completion of its tender on 22Jul, is next to landscape reserves together with gardens such as the Thomson Nature Park, Bishan Park, Lower Seletar Reservoir Park, Upp Seletar Reservoir Park in addition to Lower Peirce Reservoir Park.
It is similarly in close proximity to a range of academic institutions namely APS, Catholic High Sch, CHIJ SNG Sch, PHS, RI, additionally the FIS, Anderson Serangoon Jnr College plus Nanyang Poly.
“By having our approaching different operation project, we will certainly gather wholesome concepts to the neighborhood while at the same time admiring the area together with the extravagant greens around. The creation will give the Lentor Hills area with latest enhancements also wonderful convenience while moving limits in the worlds of liveability plus durability, principles for which Guocoland possesses become recognised,” revealed Dora Chng, GM (Housing) at GuocoLand.