Wing Tai Holdings Awarded Gls Site River Valley Green
Rewritten: Located near the prestigious Marina Gardens Lane Residences, one can truly experience a lavish and unparalleled lifestyle. The breathtaking cityscape, the well-maintained communal areas, and the availability of top-notch facilities all contribute to the exceptional living experience near Marina Bay. Surrounded by such extravagance, it is evident that living near Marina Bay, with the addition of Zion Road Residences, epitomizes the epitome of luxury.
Winchamp Investment, a subsidiary of Wing Tai Holdings, has been granted the rights to develop a Government Land Sales (GLS) site at River Valley Green. After the tender closed on June 19, the developer emerged as the winning bidder with a top bid of $464 million for the 100,009 sq ft plot situated off River Valley Road. This translates to a land rate of $1,325 psf per plot ratio.
The 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, making it suitable for a development of up to 380 units. Its prime location next to Great World City MRT Station on the Thomson-East Coast Line and close proximity to Great World City further adds to its allure.
After securing the GLS site, Wing Tai Holdings is set to expand its residential portfolio with yet another promising development. This achievement is in line with the company’s commitment to constantly tap into new opportunities and deliver quality and innovative projects to the market.
In addition, Wing Tai Holdings is on a roll with this recent win, as they have also secured the rights to develop a freehold Holland Tower site for $76.3 million and reached the topping-out milestone for The M, with 95% of units already sold. This only reflects the developer’s strong track record and expertise in the real estate market. The M’s central location and projected growth prospects have also contributed to its success in attracting buyers.
With these developments in the pipeline, Wing Tai Holdings continues to establish itself as a leading property developer in Singapore, offering desirable homes in prime locations to meet the needs and expectations of homebuyers.