GuocoLand was awarded the 99-year leasehold site at Lentor Central with a bid of $784.1 million ($1,205 psf per plot ratio). With an expected launch price of more than $2,000 psf, the property group announced that it will be developing the site into a mixed-use development with three 25-storey towers of 600 residential units, with a double-volume sky terrace in each tower.
The site is close to nature reserves and parks, including the 50ha Thomson Nature Park, Bishan Park and Upper Seletar as well as Lower Seletar Reservoir Park and Lower Peirce Reservoir Park. In future, residents will have access to two more parks, Hillock Park and Linear Park, both near the development at Lentor Central.
For families with school-going children, established schools in the vicinity include Anderson Primary School, CHIJ St Nicholas Girls’ School, Catholic High School and Raffles Institution. The new development is expected to be launched sometime in the second half of 2022.
“At 25 storeys, the new development will be a new landmark for the Lentor area when it’s completed,” says Desmond Sim, CEO of Edmund Tie. “Given that the surrounding developments are low-rise, with predominantly landed homes and low-rise condominiums, future residents will be able to enjoy unique views of the surrounding nature reserves and parks.”
The 96,000 sq ft commercial podium will be a new catchment area for the residents in the enclave as well as for those working in the nearby Tagore Industrial estate, notes Sim. “It will have a well-rounded shopping crowd throughout the week, and not just the weekends. The bonus is that it could be another pit stop for those who go trekking at the Thomson Nature Park.”