Lentor Central site awarded to GuocoLand
The tender for the land parcel at Lentor Central has been assigned to GuocoLand, which sent the strongest proposal of $784.1 mil, disclosed the URA on Thursday 29Jul.
The amount figures out to a land price of $1thousand 2hundred and 4 per square feet per plot ratio.
GuocoLand revealed it would most likely design the plot right into a various operation project of three 25-storey high rises by having approximately 6hundred household units also over 96K sq feet of business, Food and Beverage and even shopping zones on the 1st floor.
To be linked along with the next Lentor MRT terminal on the TEL, the project is forecasted to be commenced during the 2nd part of 2K22.
It considered that the ground, that was launched on 15April and even took in 9 proposals throughout the completion of its bidding on 22July, is adjacent to the outdoors reserves along with gardens including the Thomson Nature Park, Bishan Park, Lower Seletar Reservoir Park, Upp Seletar Reservoir Park and Lower Peirce Reservoir Park.
It is at the same time near multiple schools namely Anderson Primary Sch, CHS, CHIJ SNG Sch, PHS, Raffles Institution, in addition to the French International School, ASRJC and Nanyang Poly.
“By having our approaching mixed-use property development, we will introduce fresh recommendations to the neighborhood while at the same time glorifying the area along with the rich greenery in the environment. The creation will produce the Lentor Hills town with latest services as well as fantastic pleasure bit pressuring boundaries in the worlds of habitability and also sustainability, basic principles for which Guocoland has already come to be prominent,” shared Dora Chng, General Manager (Residential) at GuocoLand.