Lentor Central site awarded to GuocoLand
The offer for the land piece at Lentor Central has already gotten assigned to GuocoLand, that handed in the highest price of $7hundred 84.1 million, communicated the URA on Thursday 29 July.
The rate calculates to a ground price of $1thousand 2hundred and 4 per sq feet per plot ratio.
GuocoLand expressed it would definitely produce the site into a numerous use development of three 25-storey towers along with around 600 home units as well as more than 96,000 square foot of commercial, Food & Beverage and shopping areas on the first level.
For being incorporated with the future Lentor train station on the Thomson-East Coast Line, the structure is hoped for to get launched during the second part of ’22.
GuocoLand marked in which the plot, that was commenced on 15Apr and even picked up nine proposals in the course of the conclusion of its own bidding on 22Jul, is nearby to landscape reserves and recreation areas consisting of the Thomson Nature Park, Bishan Park, Lower Seletar Reservoir Park, Upper Seletar Reservoir Park as well as Lower Peirce Reservoir Park.
It is equally close to various colleges which include APS, Catholic High Sch, CHIJ SNG Sch, Presbyterian High School, Raffles Institution, in addition to the FIS, Anderson Serangoon Junior College and also Nanyang Polytechnic.
“With our new several use structure, we will definitely deliver wholesome choices to the area meantime admiring the venue and the extravagant greenery around. The structure will provide the Lentor Hills community with modern comforts together with excellent convenience whilst pushing limits in the worlds of liveability also sustainability, concepts for that Guocoland possesses emerged as distinguished,” pointed out that Dora Chng, GM (Residential) at GuocoLand.