Lentor Central site awarded to GuocoLand
The bidding for the land piece at Lentor Central has already been handed out to GuocoLand, in which put forward the largest tender of $7hundred 84.1 million, announced the URA on Thur 29 Jul.
The rate formulates to a land rate of $1,204 psf ppr.
GuocoLand shared it would certainly build the spot right into a different benefit property development of three 25-storey skyscrapers beside around 600 non commercial units and even in excess of 96thousand square feet of commercial, F and B plus shopping spaces on the 1st floor.
Being incorporated together with the future Lentor MRT station along the TEL, the property is projected for being commenced on the 2nd half of ’22.
It noted in which the site, which was released on 15April also gained nine tenders throughout the windup of its bidding on 22 Jul, is nearby to nature reserves along with parks providing the Thomson Nature Park, Bishan Park, Lower Seletar Reservoir Park, Upper Seletar Reservoir Park in addition to Lower Peirce Reservoir Park.
It is equally close to multiple colleges which include Anderson Pri Sch, CHS, CHIJ St Nicholas Girls’ School, PHS, Raffles Institution, and also the FIS, ASRJC plus Nanyang Polytechnic.
“With our future mixed-use development, we will gather innovative choices to the neighbourhood meantime admiring the place along with the flourishing greens in the neighborhood. The structure will certainly grant the Lentor Hills area with new improvements plus exceptional advantage while moving perimeters in the realms of habitability and also sustainability, fundamentals for that Guocoland possesses ended up being recognized,” reported Dora Chng, GM (Non Commercial) at GuocoLand.