The land parcel is located along Sungei Pandan. Source: URA
A residential site at West Coast Vale has been awarded to China Construction (South Pacific) Development, after the company submitted the highest bid of $291.99 million for the 1.6ha site, revealed the Urban Redevelopment Authority (URA) on Wednesday (15 February).
A total of nine bids were submitted for the 99-year leasehold site. The winning bid works out to approximately $592 psf on the gross floor area.
Launched for sale in December 2016, the riverfronting site along Sungei Pandan could yield about 520 housing units.
Located next to the upcoming Parc Riviera condominium, the site is located close to schools and commercial amenities, including Westgate, Jem and Big Box at the Jurong Lake District.
Source: URA
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
