Lentor Central site awarded to GuocoLand
The offer for the land parcel at Lentor Central has actually been assigned to GuocoLand, in which put forward the highest offer of $Seven hundred Eighty Four point One mil, introduced the Urban Redevelopment Authority on Thur 29 Jul.
The price calculates to a ground cost of $One thousand Two hundred and Four psf per plot ratio.
GuocoLand shared it would certainly design the ground toward a multiple usage structure of 3 of 25 floor buildings with roughly Six hundred domestic apartments furthermore in excess of 96K sq foot of industrial, Food and Beverage and retail spaces on the ground floor.
For being included alongside the future Lentor Mass Rapid Transit terminal on the TEL, the building is counted on to get commenced in the second part of 2022.
It kept in mind in which the site, that was released on 15 Apr and gained nine bids throughout the end of its own bidding on 22Jul, is next to outdoors reserves and also parks consisting of the Thomson Nature Park, Bishan Park, Lower Seletar Reservoir Park, Upper Seletar Reservoir Park and Lower Peirce Reservoir Park.
It is similarly in close proximity to a range of colleges such as APS, CHS, CHIJ SNG Sch, PHS, RI, and also the FIS, Anderson Serangoon JC and also Nanyang Polytechnic.
“With our upcoming various use creation, we will definitely deliver new choices to the vicinity whilst glorifying the site along with the luxurious greens around. The development is going to give the Lentor Hills area with modern comforts plus fantastic convenience while at the same time moving perimeters in the worlds of habitability plus durability, standards for which Guocoland has recently grown into famed,” expressed Dora Chng, General Manager (Housing) at GuocoLand.