Lentor Central site awarded to GuocoLand
The offer for the land piece at Lentor Central has actually gotten assigned to GuocoLand, which tendered the top offer of $7hundred 84.1 mil, disclosed the URA on Thur 29Jul.
The amount formulates to a ground premium of $One thousand Two hundred and Four psf per plot ratio.
GuocoLand mentioned it would definitely develop the ground in to a several purpose creation of three of 25 level towers by having about Six hundred domestic units and also more than 96thousand sq foot of business, F&B and even shopping spots on the 1st storey.
To become harmonized with the coming Lentor MRT station along the TEL, the building is foreseed to become commenced in the second half of 2022.
It kept in mind in which the spot, that was commenced on 15 April also obtained nine bids at the time of the completion of its tender on 22Jul, is close to landscape reserves also gardens such as the Thomson Nature Park, Bishan Park, Lower Seletar Reservoir Park, Upper Seletar Reservoir Park and Lower Peirce Reservoir Park.
It is furthermore in close proximity to several schools for example, Anderson Pri School, CHS, CHIJ SNG School, Presbyterian High School, Raffles Institution, additionally the FIS, Anderson Serangoon JC and also Nanyang Polytechnic.
“By having our upcoming mixed-use property, we will definitely deliver lively options to the community whilst admiring the location and also the abundant greens in the surroundings. The project will definitely grant the Lentor Hills area with brand-new amenities together with exceptional advantage while at the same time constraining limits in the states of habitability also durability, fundamentals for that Guocoland has emerged as renowned,” revealed Dora Chng, General Manager (Housing) at GuocoLand.