URA launches tender for West Coast Vale residential site

A developer committed a bidding price of $379.99m.

The Urban Redevelopment Authority (URA) launched the residential site at West Coast Vale for sale by public tender.

According to a press release, URA received an application from a developer for the site to be put up for public tender. The developer committed to a bid price of not less than $379.99m in the tender for the site.

The site, zoned for residential use, has an area of 19,591.5 sqm and maximum gross floor area (GFA) of 54,857 sqm. It can yield up to 730 units.

The site was available for sale on the Reserve List of the second half 2017 Government Land Sales (GLS) Programme.

The tender for the land parcel will close at 12 noon on 30 January 2018, together with two residential sites at Handy Road and Chong Kuo Road and HDB’s Executive Condominium site at Sumang Walk.