The offer for the land lot at Lentor Central has recently been assigned to GuocoLand, in which submitted the strongest tender of $Seven hundred Eighty Four point One mil, announced the Urban Redevelopment Authority on Thur 29Jul.
The deal works out to a land rate of $1,204 per sq foot ppr.
GuocoLand mentioned it would most likely create the plot in to a mixed-use development of three 25-storey high rises with around 6hundred residence units also over 96K square ft of industrial, Food & Beverage along with shopping sectors on the 1st storey.
To get harmonized together with the future Lentor MRT terminal on the TEL, the property is anticipated for being opened during the second part of 2K22.
GuocoLand marked that the plot, that was launched on 15April also took in nine tenders in the time of the end of its own bidding on 22July, is nearby to landscape reserves also parks consisting of the Thomson Nature Park, Bishan Park, Lower Seletar Reservoir Park, Upper Seletar Reservoir Park as well as Lower Peirce Reservoir Park.
It is in addition close-by several schools including Anderson Pri School, CHS, CHIJ St Nicholas Girls’ School, PHS, Raffles Institution, as well as the FIS, Anderson Serangoon JC plus Nanyang Polytechnic.
“With our future mixed-use property development, we will definitely deliver new ideas to the neighbourhood meantime admiring the area and also the abundant greenery around. The structure will give the Lentor Hills neighborhood with new comforts also excellent pleasure bit constraining limits in the worlds of habitability also durability, principles for that Guocoland has actually come to be popular,” mentioned Dora Chng, GM (Residential) at GuocoLand.