URA launches tender for West Coast Vale residential site

By Angela Teo
/ EdgeProp |
Join our  Telegram  channel and follow our  Facebook  for the latest update.
On Dec 19, URA launched the public tender exercise for the residential site at West Coast Vale. Located off the Ayer Rajah Expressway (AYE), the Reserve List site was made available for sale under the 2H2017 Government Land Sales (GLS) programme. The tender will close on Jan 30, 2018.
URA announced on Dec 4 that a developer had committed to place a bid of no less than $379,988,000 for the West Coast Vale site, which has an estimated area of 1.96ha. The site has a plot ratio of 2.8, which translates into a maximum gross floor area of 54,857 sq m.
Flanked by the 752-unit Parc Riviera, the 493-unit Botannia as well as the 315-unit The Infiniti, the 99-year leasehold West Coast Vale site can yield an estimated 730 housing units, according to URA.
Aerial view of the West Coast Vale site
(Credit: URA)
“The tender could draw about five to eight bids, and a top bid of between $390 million and $425 million ($660 to $720 psf per plot ratio),” estimates Nicholas Mak, executive director of ZACD Group.

Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter

Our Site

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

View More