Wing Tai Holdings awarded GLS site at River Valley Green

Winchamp Investment, a subsidiary of Wing Tai Holdings, has been awarded the tender for a Government Land Sales (GLS) site at River Valley Green. The developer submitted the top bid of $464 million for the 100,009 sq ft site off River Valley Road when the tender closed on June 19. Wing Tai's winning bid translates to a land rate of $1,325 psf 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, and the new development could yield up to 380 units. The site is adjacent to Great World City MRT Station on the Thomson-East Coast Line and it is close to Great World City. Read also: [UPDATE] Wing Tai Holdings wins tender for freehold Holland Tower site for $76.3 mil Advertisement