Lentor Central site awarded to GuocoLand
The offer for the ground piece at Lentor Central has already gotten rewarded to GuocoLand, in which handed in the highest value quote of $7hundred 84.1 mil, published the Urban Redevelopment Authority on Thursday 29 July.
The cost calculates to a ground cost of $1thousand 2hundred and 4 per sq ft per plot ratio.
GuocoLand stated it would build the ground in to a mixed-use structure of 3 25-storey skyscrapers including around 6hundred residential apartments plus in excess of 96thousand square foot of industrial, Food and Beverage together with retail areas on the first level.
For being integrated along with the coming Lentor train station along the TEL, the project is projected being commenced on the 2nd part of 2K22.
GuocoLand noticed that the spot, that was launched on 15Apr and even obtained 9 quotes during the windup of its own bidding on 22Jul, is close to nature reserves along with parks such as the Thomson Nature Park, Bishan Park, Lower Seletar Reservoir Park, Upper Seletar Reservoir Park in addition to Lower Peirce Reservoir Park.
It is furthermore nearby various academic institutions which include APS, CHS, CHIJ SNG School, Presbyterian High School, Raffles Institution, and also the French Intl School, Anderson Serangoon Junior College and Nanyang Poly.
“With our new various purpose creation, we will deliver fresh choices to the neighborhood while paying homage to the venue as well as the flourishing greens around. The creation will provide the Lentor Hills neighborhood with new improvements together with terrific advantage while pressing limits in the worlds of habitability also durability, fundamentals for which Guocoland has recently grown into popular,” stated Dora Chng, GM (Housing) at GuocoLand.
