GuocoLand had been awarded the 99-year leasehold land at Lentor Central after they come with a top bid of $784.1 million ($1,205 psf ppr), the developer announced that it will develop the site into a mixed-use development with three 25-storey towers of 600 residential units, each with a double-volume sky terrace.
The gross floor area (GFA) of the 186,000 sq ft site is 651,007 sq ft. The bottom level will feature 96,000 square feet of business, food and beverage, and retail space, as well as a supermarket and daycare facilities. The project will be linked with the Thomson-East Coast Line’s forthcoming Lentor MRT station, which is set to open by the end of August this year.
The location is near to natural reserves and parks such as the 50-hectare Thomson Nature Park, Bishan Park, Upper Seletar, Lower Seletar Reservoir Park, and Lower Peirce Reservoir Park. Residents will soon have access to two additional parks, Hillock Park and Linear Park, both located near the Lentor Central development.
Anderson Primary School, Catholic High School, CHIJ St Nicholas Girls’ School, and Raffles Institution are among the established schools in the area for families with school-aged children. The new construction is scheduled to open in the second half of 2022.
“When finished, the new development will be a new landmark for the Lentor area,” says Desmond Sim, CEO of Edmund Tie. “Because the surrounding projects are low-rise, with mostly landed houses and low-rise condos, future inhabitants will have unique vistas of the neighboring natural reserves and parks.”
According to Sim, the 96,000 sq ft commercial podium would serve as a new catchment area for inhabitants of the enclave as well as those working in the adjacent Tagore Industrial Estate. “It will attract a diverse shopping population throughout the week, not just on weekends. The added benefit is that it may serve as additional pit break for people hiking through Thomson Nature Park.”
The project is scheduled to begin in the second half of 2022. GuocoLand is anticipated to establish a new standard for the Lentor-Yio Chu Kang region with its record land offer price of $1,204 psf ppr. “After all, the most recent project to be launched in that region was probably Meadows @ Peirce, which was in 2009,” Sim explains.
According to Dora Chng, GuocoLand general manager (Residential), the upcoming development is expected to provide the Lentor Hills community with great convenience and new amenities, while pushing boundaries in the realms of sustainability and liveability.
Indeed, according to Cheng Hsing Yao, CEO of GuocoLand Group, GuocoLand is “known for changing communities lifestyle, as witnessed in Tanjong Pagar and the forthcoming Midtown region at Bugis-Beach Road.” “We believe this project has enormous potential to reimagine the Lentor Hills region as an attractive residential and leisure destination.”