Lentor Central site awarded to GuocoLand
The offer for the land lot at Lentor Central has recently been granted to GuocoLand, that submitted the best price of $7hundred 84.1 mil, communicated the URA on Thur 29 Jul.
The cost pulls off to a land cost of $One thousand Two hundred and Four psf per plot ratio.
GuocoLand claimed it would most likely build the spot into a mixed-use creation of 3 25-storey high rises including about 600 housing apartments and also beyond 96thousand sq feet of industrial, F and B including shopping spaces on the 1st storey.
To be coordinated with the upcoming Lentor Mass Rapid Transit terminal on the TEL, the structure is expected to be opened on the second half of 2K22.
It took note of that the location, which was released on 15Apr and reaped nine proposals at the time the windup of its tender on 22July, is close to landscape reserves also 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 equally close to several colleges for example, Anderson Primary Sch, Catholic High School, CHIJ St Nicks Girls’ Sch, Presbyterian High Sch, RI, along with the French International School, Anderson Serangoon Junior College plus Nanyang Poly.
“Having our upcoming mixed-use development, we will certainly provide new options to the neighborhood meantime paying homage to the site and also the lavish greens around. The property will definitely produce the Lentor Hills community with unique facilities also exceptional practicality bit pressing limits in the states of liveability and also sustainability, basic principles for which Guocoland has grown into prominent,” reported Dora Chng, General Manager (Non Commercial) at GuocoLand.