Lentor Central site awarded to GuocoLand
The tender for the ground lot at Lentor Central has recently been handed out to GuocoLand, that filed the largest price of $784.1 mil, released the URA on Thur 29 July.
The price pulls off to a ground premium of $1,204 psf ppr.
GuocoLand claimed it would most likely design the site in to a different operation building of three 25-storey buildings with almost 6hundred household apartments plus over 96K square foot of business, F&B plus retail zones on the ground floor.
For being included with the approaching Lentor MRT terminal along the TEL, the property is foreseed being introduced in the second part of 2K22.
GuocoLand indicated that the ground, in which was launched on 15Apr also picked up nine tenders during the end of its bidding on 22July, is next to the outdoors reserves as well as gardens providing the Thomson Nature Park, Bishan Park, Lower Seletar Reservoir Park, Upp Seletar Reservoir Park as well as Lower Peirce Reservoir Park.
It is also nearby numerous colleges namely Anderson Pri School, Catholic High Sch, CHIJ SNG Sch, Presbyterian High Sch, RI, as well as the French International School, Anderson Serangoon Junior College and also NYP.
“Having our coming mixed-use property development, we will provide innovative options to the neighbourhood while at the same time admiring the locality along with the rich greenery in the surroundings. The structure will grant the Lentor Hills community with different amenities also exceptional ease while at the same time moving margins in the realms of liveability and also sustainability, basic principles for that Guocoland possesses transformed into prominent,” claimed Dora Chng, GM (Housing) at GuocoLand.