Lentor Central site awarded to GuocoLand
The offer for the land piece at Lentor Central has gotten assigned to GuocoLand, which tendered the strongest tender of $Seven hundred Eighty Four point One million, publicized the Urban Redevelopment Authority on Thur 29 Jul.
The cost calculates to a land cost of $One thousand Two hundred and Four per square foot ppr.
GuocoLand said it would build the site in to a mixed-use project of three 25-storey towers including approximately 6hundred non commercial apartments plus beyond Ninety Six thousand square feet of industrial, Food and Beverage plus retail sectors on the ground level.
To be linked alongside the approaching Lentor MRT station on the TEL, the development is predicted to get launched on the 2nd part of 2022.
GuocoLand took note of that the spot, that was released on 15Apr and obtained 9 proposals during the close of its own tender on 22Jul, is close to outdoors reserves together with recreation areas 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 in addition close-by multiple colleges like Anderson Primary Sch, Catholic High Sch, CHIJ St Nicks Girls’ Sch, PHS, RI, and also the FIS, ASRJC plus Nanyang Poly.
“By having our forthcoming mixed-use building, we are going to introduce innovative ideas to the area while paying homage to the venue and the lavish greens around. The property development will certainly give the Lentor Hills environment with modern facilities also exceptional practicality bit pressing boundaries in the realms of liveability and also sustainability, rules for that Guocoland has come to be recognized,” expressed Dora Chng, General Manager (Housing) at GuocoLand.