Mixed views over West Coast Vale residential site
Some consultants see warm bidding interest in the site newly released by URA, others expect the slow take-up at nearby condo project to dampen interest
Singapore
THE newly released residential site at West Coast Vale under the government land sales (GLS) programme may see warm interest from developers on the back of improved sentiment and a lack of available development sites, some property consultants say.
There are also others who believe that the slow take-up at nearby Parc Riviera condominium project by EL Development, which was launched last month, may serve as a dampener.
Released on Wednesday by the Urban Redevelopment Authority (URA) under the Confirmed List of the second-half 2016 GLS programme, the 1.64-ha site could potentially yield up to 520 residential units. Confirme…
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