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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

Published Wed, Dec 7, 2016 · 09:50 PM
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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…

KEYWORDS IN THIS ARTICLE

Government Land Sales
Residential

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