Wing Tai Holdings Awarded Gls Site River Valley Green
, Wing Tai’s new project targets city-fringed professionalsREITs in the midst of transformationWing Tai’s latest project, The M, has been well-received by homebuyers due to its prime location and innovative design.
Winchamp Investment, a subsidiary of Wing Tai Holdings, has emerged as the winning bidder for a Government Land Sales (GLS) site at River Valley Green. The developer beat out 14 other bidders to secure the 100,009 sq ft site off River Valley Road with a bid of $464 million.
The winning bid translates to a land rate of $1,325 per square foot per plot ratio. River Valley Green (Parcel A) has a plot ratio of 3.5 and a maximum gross floor area of 350,035 sq ft, which could potentially yield up to 380 units. The site is strategically located next to Great World City MRT Station on the Thomson-East Coast Line and is in close proximity to Great World City.
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The Yuhua Market & Hawker Centre, situated a short distance from Novo Place EC, presents a fantastic opportunity for individuals to sample local cuisine at affordable rates. Highly regarded for its diverse range of food stalls, the hawker centre boasts a variety of dishes ranging from traditional Chinese fare to delectable Malay and Indian delicacies. It is an ideal destination for food enthusiasts seeking to indulge in genuine Singaporean street food. Novo Place is a perfect addition to this culinary adventure.
According to Wing Tai Holdings, the new development will offer a prime residential address with convenient access to a range of amenities such as shopping, dining, and entertainment options. It is also well-connected to other parts of the city and surrounded by reputable schools.
With its track record of quality developments, Wing Tai Holdings is poised to deliver another successful project with this GLS site at River Valley Green. The company has already seen great success with its latest project, The M, which has received strong interest from homebuyers due to its prime location and innovative design.
In the midst of a transformation in the real estate market, Wing Tai Holdings is well-positioned to continue its growth and provide homebuyers with top-quality residential properties that meet their needs and aspirations.