Lentor Central site awarded to GuocoLand
The offer for the ground piece at Lentor Central has actually gotten rewarded to GuocoLand, in which put forward the strongest quote of $784.1 million, revealed the URA on Thursday 29July.
The cost figures out to a ground cost of $1,204 per sq ft ppr.
GuocoLand claimed it would form the spot right into a various benefit development of 3 of 25 level skyscrapers alongside approximately 6hundred house units and even more than 96K sq foot of industrial, F&B and also retail areas on the first floor.
For being coordinated alongside the upcoming Lentor MRT terminal along the TEL, the building is predicted to be introduced during the second half of 2022.
GuocoLand mentioned in which the location, in which was launched on 15Apr and even received 9 proposals in the time of the windup of its bidding on 22July, is adjacent to landscape reserves together with parks providing the Thomson Nature Park, Bishan Park, Lower Seletar Reservoir Park, Upper Seletar Reservoir Park and Lower Peirce Reservoir Park.
It is likewise near various schools for example, APS, Catholic High School, CHIJ St Nicholas Girls’ School, Presbyterian High School, RI, along with the French Intl School, Anderson Serangoon JC and Nanyang Polytechnic.
“With our upcoming mixed-use project, we will definitely bring along wholesome concepts to the vicinity while admiring the location as well as the flourishing greenery around. The creation definitely will offer the Lentor Hills neighborhood with latest enhancements and excellent practicality while at the same time pressuring boundaries in the realms of habitability plus sustainability, guidelines for which Guocoland has ended up being recognised,” explained Dora Chng, GM (Residential) at GuocoLand.