Lentor Central site awarded to GuocoLand
The offer for the ground lot at Lentor Central has already been bestowed to GuocoLand, that tendered the strongest quote of $784.1 mil, publicized the Urban Redevelopment Authority on Thur 29Jul.
The value figures out to a land premium of $1,204 psf ppr.
GuocoLand reported it would certainly form the ground toward a different operation building of 3 25-storey buildings with nearly 600 household units and also accross 96thousand sq ft of commercial, Food & Beverage also shopping sectors on the 1st storey.
To be blended together with the future Lentor Mass Rapid Transit terminal along the Thomson-East Coast Line, the creation is counted on to get released in the 2nd half of 2022.
It observed in which the spot, in which was introduced on 15 Apr and gathered 9 prices at the time of the completion of its own bidding on 22Jul, is close to landscape reserves together with recreation areas such as the Thomson Nature Park, Bishan Park, Lower Seletar Reservoir Park, Upp Seletar Reservoir Park as well as Lower Peirce Reservoir Park.
It is similarly in close proximity to numerous institutions which include APS, Catholic High School, CHIJ St Nicks Girls’ Sch, PHS, RI, and also the French International Sch, ASRJC and also NYP.
“Having our coming mixed-use creation, we will provide new options to the neighbourhood while at the same time admiring the area along with the lavish greenery in the environment. The structure will provide the Lentor Hills area with all-new comforts also excellent convenience bit pushing perimeters in the states of habitability also sustainability, criteria for that Guocoland possesses eventually become renowned,” explained Dora Chng, General Manager (Residential) at GuocoLand.