Lentor Central site awarded to GuocoLand
The bidding for the ground lot at Lentor Central has recently been granted to GuocoLand, that put forward the highest value tender of $Seven hundred Eighty Four point One million, disclosed the URA on Thursday 29 Jul.
The price figures out to a land premium of $1thousand 2hundred and 4 per square foot per plot ratio.
GuocoLand reported it would certainly establish the spot in to a several operation structure of 3 of 25 level skyscrapers alongside almost Six hundred non commercial apartments furthermore accross Ninety Six thousand square ft of industrial, F&B as well as shopping spots on the ground level.
Being linked with the upcoming Lentor MRT station along the Thomson-East Coast Line, the property development is projected to get commenced during the 2nd part of 2K22.
GuocoLand kept in mind that the ground, which was released on 15Apr and took in 9 quotes in the course of the end of its bidding on 22Jul, is close to the outdoors reserves as well as gardens providing the Thomson Nature Park, Bishan Park, Lower Seletar Reservoir Park, Upper Seletar Reservoir Park and Lower Peirce Reservoir Park.
It is likewise close-by multiple schools including APS, CHS, CHIJ St Nicks Girls’ Sch, Presbyterian High Sch, RI, along with the FIS, Anderson Serangoon Junior College and Nanyang Polytechnic.
“With our forthcoming various use property, we will definitely introduce lively options to the vicinity whilst glorifying the location along with the abundant greenery in the range. The property development will produce the Lentor Hills environment with brand-new features and also fantastic benefit whilst constraining margins in the states of liveability also durability, guidelines for that Guocoland has actually emerged as famed,” mentioned Dora Chng, General Manager (Housing) at GuocoLand.