Lentor Central site awarded to GuocoLand
The offer for the ground parcel at Lentor Central has recently gotten granted to GuocoLand, which handed in the highest price of $784.1 mil, released the URA on Thursday 29July.
The cost formulates to a land cost of $One thousand Two hundred and Four per sq foot ppr.
GuocoLand expressed it would definitely establish the spot into a several purpose building of three of Twenty Five level high rises including around 600 residence apartments also beyond 96K sq ft of commercial, Food and Beverage including retail spots on the first floor.
Being incorporated alongside the coming Lentor Mass Rapid Transit station on the TEL, the property development is expected to get opened on the 2nd part of 2022.
It observed in which the ground, which was commenced on 15Apr and received 9 proposals at the time the end of its own bidding on 22Jul, is close to landscape reserves and recreation areas consisting of the Thomson Nature Park, Bishan Park, Lower Seletar Reservoir Park, Upper Seletar Reservoir Park and Lower Peirce Reservoir Park.
It is at the same time neighboring a range of colleges including Anderson Primary Sch, Catholic High School, CHIJ SNG Sch, Presbyterian High Sch, Raffles Institution, along with the FIS, ASRJC plus NYP.
“Having our forthcoming several use building, we are going to bring along new ideas to the neighbourhood meantime paying homage to the location and also the abundant greens around. The creation is going to render the Lentor Hills neighborhood with brand new services along with fantastic satisfaction while at the same time pushing back limits in the realms of liveability plus durability, standards for which Guocoland has already transformed into prominent,” revealed Dora Chng, GM (Housing) at GuocoLand.