Lentor Central site awarded to GuocoLand
The bidding for the ground parcel at Lentor Central has actually been assigned to GuocoLand, that sent the best quote of $Seven hundred Eighty Four point One million, declared the URA on Thur 29 Jul.
The price works out to a ground cost of $1,204 per sq ft per plot ratio.
GuocoLand shared it would definitely form the location in to a mixed-use property development of 3 25-storey skyscrapers alongside about 600 housing apartments and even more than 96thousand square feet of industrial, Food and Beverage and even shopping spaces on the ground floor.
Being linked along with the coming Lentor Mass Rapid Transit station along the TEL, the structure is anticipated to get launched on the 2nd part of 2K22.
GuocoLand considered that the spot, that was opened on 15 April and even collected nine prices in the time of the conclusion of its own tender on 22July, is next to landscape reserves and 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 likewise nearby various academic institutions such as Anderson Primary School, CHS, CHIJ St Nicholas Girls’ School, Presbyterian High School, RI, additionally the FIS, Anderson Serangoon Junior College and also Nanyang Polytechnic.
“By having our future mixed-use development, we are going to bring along lively concepts to the community while admiring the site and the lavish greenery in the vicinity. The property development will provide the Lentor Hills town with latest services and wonderful satisfaction while pressing margins in the realms of habitability plus durability, criteria for that Guocoland has recently eventually become well-known,” announced Dora Chng, General Manager (Non Commercial) at GuocoLand.