Winchamp Investment, a subsidiary of Wing Tai Holdings, has successfully secured the tender for a Government Land Sales (GLS) site at River Valley Green.We are thrilled to have been awarded this highly desirable site located in the bustling River Valley area.” “With a deep understanding of the real estate market, we are excited to utilise the exceptional location advantages and extensive amenities in the vicinity. Our goal is to design a unique development that offers high-quality living spaces that perfectly align with the dynamic energy of urban living,” expresses Edmund Cheng of Wing Tai Holdings.
The developer emerged as the highest bidder, offering a staggering $464 million for the 100,009 sq ft site located off River Valley Road. The tender for the site closed on June 19. Wing Tai’s successful bid results in a land rate of $1,325 psf per plot ratio.
The site at River Valley Green Parcel A is set to undergo development into a residential project with more than 400 units, promising a modern and luxurious living experience.
For River Valley Green (Parcel A), the plot ratio is 3.5 and the maximum gross floor area is 350,035 sq ft. The site is conveniently located next to Great World City MRT Station on the Thomson-East Coast Line, providing easy access to transportation. Additionally, it is in close proximity to Great World City, offering a range of amenities and services.
