Lentor Central site awarded to GuocoLand
The offer for the ground parcel at Lentor Central has recently gotten bestowed to GuocoLand, in which filed the best offer of $784.1 million, publicized the Urban Redevelopment Authority on Thursday 29 Jul.
The price formulates to a land premium of $1,204 psf per plot ratio.
GuocoLand shared it would most likely create the ground toward a mixed-use creation of three 25-storey skyscrapers beside nearly 6hundred non commercial units furthermore over Ninety Six thousand sq ft of commercial, F and B also retail spaces on the 1st storey.
To get coordinated alongside the upcoming Lentor MRT station along the Thomson-East Coast Line, the property is expected to get introduced during the 2nd part of ’22.
GuocoLand marked that the spot, which was introduced on 15 Apr and even picked up 9 prices at the time the completion of its own bidding on 22Jul, is next to the outdoors reserves as well as parks consisting of the Thomson Nature Park, Bishan Park, Lower Seletar Reservoir Park, Upper Seletar Reservoir Park and Lower Peirce Reservoir Park.
It is likewise close to several institutions such as APS, Catholic High Sch, CHIJ SNG School, Presbyterian High Sch, Raffles Institution, as well as the French Intl School, ASRJC and NYP.
“Having our approaching multiple operation property development, we will definitely deliver innovative choices to the vicinity meantime glorifying the locality along with the rich greens around. The development will definitely supply the Lentor Hills area with different improvements along with exceptional benefit whilst pressuring boundaries in the worlds of liveability and also durability, basic principles for that Guocoland has already come to be renowned,” stated Dora Chng, GM (Residential) at GuocoLand.