Lentor Central site awarded to GuocoLand
The offer for the land plot at Lentor Central has recently been awarded to GuocoLand, in which submitted the largest price of $Seven hundred Eighty Four point One mil, introduced the Urban Redevelopment Authority on Thursday 29Jul.
The value formulates to a ground rate of $1,204 per square foot ppr.
GuocoLand explained it would produce the ground into a mixed-use development of three of Twenty Five storey buildings including around 600 residential units and even accross 96,000 sq feet of industrial, F&B also shopping areas on the ground floor.
To become coordinated with the approaching Lentor train station on the Thomson-East Coast Line, the project is counted on being commenced on the 2nd part of ’22.
It noticed that the ground, which was launched on 15April and even reaped nine proposals in the time of the end of its own tender on 22Jul, is adjacent to landscape reserves along with gardens such as the Thomson Nature Park, Bishan Park, Lower Seletar Reservoir Park, Upper Seletar Reservoir Park in addition to Lower Peirce Reservoir Park.
It is in addition in close proximity to numerous academic institutions like Anderson Pri School, CHS, CHIJ SNG Sch, PHS, RI, additionally the French International School, ASRJC also Nanyang Polytechnic.
“With our coming mixed-use development, we will certainly offer innovative ideas to the neighbourhood while at the same time paying homage to the spot together with the luxurious greenery in the environment. The project is going to supply the Lentor Hills town with fresh improvements as well as exceptional advantage whilst constraining borders in the worlds of habitability also sustainability, criteria for that Guocoland possesses grown into renowned,” expressed Dora Chng, General Manager (Housing) at GuocoLand.
