Lentor Central site awarded to GuocoLand
The tender for the land parcel at Lentor Central has recently gotten awarded to GuocoLand, which filed the highest tender of $Seven hundred Eighty Four point One million, released the Urban Redevelopment Authority on Thur 29Jul.
The cost calculates to a land price of $1thousand 2hundred and 4 psf ppr.
GuocoLand mentioned it would certainly create the site into a mixed-use structure of 3 25-storey buildings with nearly 600 home apartments and also accross 96K square ft of business, F and B and even retail sectors on the first level.
To become harmonized with the forthcoming Lentor Mass Rapid Transit station on the Thomson-East Coast Line, the property is expected to get opened in the second part of 2022.
It noted in which the location, in which was released on 15Apr and even took in nine prices in the time of the conclusion of its tender on 22 Jul, is close to nature reserves and recreation areas including the Thomson Nature Park, Bishan Park, Lower Seletar Reservoir Park, Upper Seletar Reservoir Park and Lower Peirce Reservoir Park.
It is at the same time nearby multiple institutions namely Anderson Pri Sch, CHS, CHIJ SNG School, PHS, RI, and also the French International School, ASRJC and also NYP.
“By having our future mixed-use property development, we will definitely gather lively recommendations to the neighbourhood whilst paying homage to the spot as well as the flourishing greenery in the area. The creation will definitely offer the Lentor Hills community with latest services also excellent convenience whilst moving margins in the states of habitability also durability, fundamentals for which Guocoland has actually grown into recognized,” expressed Dora Chng, GM (Housing) at GuocoLand.