Lentor Central site awarded to GuocoLand
The bidding for the ground parcel at Lentor Central has already gotten bestowed to GuocoLand, which tendered the optimum offer of $784.1 million, released the Urban Redevelopment Authority on Thur 29Jul.
The cost formulates to a ground rate of $1,204 per square feet per plot ratio.
GuocoLand pointed out that it would design the ground in to a numerous benefit property development of 3 of 25 level high rises beside approximately 600 home apartments and even accross 96,000 square foot of business, Food and Beverage and even shopping spaces on the first floor.
To become blended alongside the approaching Lentor MRT station along the Thomson-East Coast Line, the building is predicted for being released in the second half of 2K22.
It marked in which the ground, which was launched on 15April also reaped nine quotes at the time of the end of its bidding on 22 Jul, is nearby to landscape reserves together with recreation areas such as the Thomson Nature Park, Bishan Park, Lower Seletar Reservoir Park, Upper Seletar Reservoir Park and Lower Peirce Reservoir Park.
It is also close to several institutions for example, APS, Catholic High School, CHIJ SNG School, PHS, Raffles Institution, as well as the French International Sch, ASRJC and also NYP.
“With our forthcoming various operation development, we are going to offer innovative choices to the neighborhood meantime glorifying the site together with the lavish greenery in the area. The property definitely will furnish the Lentor Hills neighborhood with brand new facilities as well as great practicality whilst pressing borders in the realms of liveability also durability, guidelines for which Guocoland has actually come to be distinguished,” announced Dora Chng, General Manager (Non Commercial) at GuocoLand.