A residential site at West Coast Vale has been awarded to EL Development, after the company submitted the highest bid of $314.1 million in the tender exercise, said the Urban Redevelopment Authority (URA) on Thursday.
EL Development beat out five other developers for the 99-year leasehold site.
Launched for sale on 18 June this year, the 203,532 sq ft land parcel located along the waterfront of Sungei Pandan has a maximum gross floor area of 569,895 sq ft and could yield about 595 units.
The site is close to schools and major road networks like the West Coast Highway and Ayer Rajah Expressway (AYE). Shopping malls such as Westgate, JCube and JEM at the Jurong Lake District are a short drive away.
Image: Aerial view of the West Coast Vale site. (Source: URA)
Romesh Navaratnarajah, Singapore Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
