Lentor Central site awarded to GuocoLand
The tender for the land lot at Lentor Central has recently been rewarded to GuocoLand, in which tendered the greatest tender of $784.1 million, reported the URA on Thur 29 July.
The rate figures out to a land rate of $1,204 per square ft ppr.
GuocoLand mentioned it would form the ground in to a mixed-use property of 3 25-storey towers beside almost Six hundred house units also in excess of 96K sq ft of industrial, F&B plus shopping sectors on the first level.
To become linked alongside the approaching Lentor Mass Rapid Transit terminal along the TEL, the building is projected for being commenced in the 2nd part of ’22.
It noticed in which the ground, which was released on 15April also took in nine bids during the completion of its own bidding on 22Jul, is nearby to landscape reserves along with parks providing the Thomson Nature Park, Bishan Park, Lower Seletar Reservoir Park, Upp Seletar Reservoir Park and Lower Peirce Reservoir Park.
It is likewise close to various schools for example, Anderson Primary School, Catholic High School, CHIJ SNG School, Presbyterian High School, Raffles Institution, as well as the French International Sch, ASRJC and NYP.
“With our future multiple operation property, we will bring along lively options to the vicinity while paying homage to the site and also the lush greens around. The property is going to grant the Lentor Hills neighborhood with latest amenities and even great practicality while pushing back borders in the realms of habitability also durability, fundamentals for which Guocoland has recently come to be recognized,” claimed Dora Chng, General Manager (Residential) at GuocoLand.