Lentor Central site awarded to GuocoLand
The offer for the land plot at Lentor Central has already gotten rewarded to GuocoLand, in which filed the top tender of $Seven hundred Eighty Four point One mil, declared the Urban Redevelopment Authority on Thursday 29Jul.
The amount works out to a ground cost of $1thousand 2hundred and 4 per square ft ppr.
GuocoLand shared it would most likely create the spot into a mixed-use project of three of 25 storey towers with almost 600 housing units and even in excess of Ninety Six thousand square foot of industrial, Food and Beverage along with retail sectors on the first storey.
For being incorporated with the coming Lentor Mass Rapid Transit terminal along the TEL, the property is foreseed to get released in the 2nd half of 2K22.
It took note of that the spot, which was opened on 15April and gained 9 prices in the time of the completion of its own bidding on 22Jul, is close to landscape reserves and also gardens including the Thomson Nature Park, Bishan Park, Lower Seletar Reservoir Park, Upp Seletar Reservoir Park and Lower Peirce Reservoir Park.
It is similarly nearby multiple institutions which include Anderson Pri Sch, CHS, CHIJ SNG School, PHS, RI, in addition to the FIS, ASRJC plus NYP.
“By having our next several benefit property, we are going to provide lively recommendations to the area meantime paying homage to the area and also the abundant greens in the location. The development definitely will furnish the Lentor Hills town with brand new comforts as well as excellent comfort bit pressing margins in the worlds of habitability and also durability, rules for that Guocoland has recently come to be popular,” pointed out that Dora Chng, General Manager (Non Commercial) at GuocoLand.