Wing Tai subsidiary bags 99-year residential site in River Valley

WING Tai ’s wholly owned subsidiary has been awarded a 99-year leasehold residential site in River Valley at the tender price of about S$464 million, and plans to build over 400 apartments there.

Winchamp Investment’s win, located at the junction of River Valley Green and River Valley Road, has a permissible gross floor area of 32,527 square metres (sq m), said Wing Tai in a bourse filing on Thursday (Jun 27).

Urban Redevelopment Authority is the awarding agency of the land parcel of about 9,300 sq m.

Wing Tai shares closed S$0.01 or 0.7 per cent higher at S$1.40 on Thursday, before this announcement was made.