Wing Tai Holdings Awarded Gls Site River Valley Green
Winchamp Investment, a subsidiary of Wing Tai Holdings, has successfully secured the rights to develop a new residential project at River Valley Green, following their winning bid in the Government Land Sales (GLS) tender. This prime 100,009 sq ft site, located along River Valley Road, attracted a competitive bidding process and Wing Tai emerged as the top bidder with an offer of $464 million.
The bid translates to a land rate of $1,325 psf per plot ratio, highlighting the developer’s confidence and optimism in the potential of this site. The GLS site, known as River Valley Green (Parcel A), has a plot ratio of 3.5 and a maximum gross floor area of 350,035 sq ft. This means that the upcoming development could potentially yield up to 380 residential units.
Norwood Grand Woodlands enjoys the convenience of being situated in a highly accessible location, thanks to the well-developed public transportation network in Woodlands. The area is renowned for its efficient transport facilities, and Norwood Grand definitely takes advantage of this. In fact, residents of Norwood Grand can easily commute to different parts of the city as the nearest MRT station, Woodlands South MRT, is within walking distance. This station is part of the Thomson-East Coast Line (TEL), a major MRT line that provides direct connectivity to the city center and various business hubs. Once the TEL is fully completed, Norwood Grand will have even greater connectivity options for its residents. To learn more about the convenient location of Norwood Grand, visit http://www.norwoodgrandcondo.com.sg/.
Apart from its strategic location in the prime River Valley area, the site also enjoys the benefit of being next to the Great World City MRT Station on the Thomson-East Coast Line. This provides convenient access for future residents to various parts of the island. In addition, the site is also in close proximity to the popular Great World City shopping mall, offering a plethora of dining, retail and entertainment options.
This latest acquisition adds to Wing Tai’s strong portfolio of premium residential developments in Singapore. The company has a proven track record of delivering high-quality developments that cater to the evolving needs of homebuyers. With the upcoming project at River Valley Green, Wing Tai aims to continue this tradition and create another successful project that will enhance the vibrancy of the River Valley neighbourhood.
In summary, Wing Tai’s successful bid for the GLS site at River Valley Green is a testament to their confidence in the potential of this prime location. Homebuyers can look forward to a new premium residential development, complemented by a strategic location and top-notch amenities.