Lentor Central site awarded to GuocoLand
The tender for the land lot at Lentor Central has recently gotten assigned to GuocoLand, in which filed the top quote of $Seven hundred Eighty Four point One mil, disclosed the Urban Redevelopment Authority on Thur 29Jul.
The deal formulates to a ground cost of $1thousand 2hundred and 4 per square feet per plot ratio.
GuocoLand stated it would definitely design the site into a different usage project of 3 of Twenty Five storey high rises by having around Six hundred residence apartments plus in excess of Ninety Six thousand sq feet of industrial, Food & Beverage and even shopping spots on the first storey.
To be incorporated with the next Lentor train station along the TEL, the building is predicted to become introduced on the second half of 2022.
GuocoLand mentioned in which the spot, which was commenced on 15April and even picked up 9 quotes at the time the close of its own tender on 22July, is neighboring to nature reserves and also parks including the Thomson Nature Park, Bishan Park, Lower Seletar Reservoir Park, Upper Seletar Reservoir Park as well as Lower Peirce Reservoir Park.
It is likewise in close proximity to numerous institutions including Anderson Primary Sch, Catholic High Sch, CHIJ SNG School, Presbyterian High School, RI, along with the French International School, Anderson Serangoon Junior College and Nanyang Polytechnic.
“With our upcoming numerous usage creation, we will certainly provide innovative concepts to the community while at the same time paying homage to the venue and the lush greenery around. The property definitely will grant the Lentor Hills environment with brand new improvements plus terrific ease while at the same time pressing boundaries in the states of habitability and also durability, principles for that Guocoland has already grown into distinguished,” claimed Dora Chng, General Manager (Non Commercial) at GuocoLand.