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URA launches tender for residential site at West Coast Vale
THE Urban Redevelopment Authority (URA) on Tuesday launched the residential site at West Coast Vale for sale by public tender.
The site was available for sale on the reserve list of the second half 2017 Government Land Sales Programme. Earlier in the month, the URA received an application from a developer who committed to a bid price of at least S$379.988 million for the site.
The 99-year leasehold plot has a site area of 19,591.5 square metres (sq m), and a permissible gross floor area of 54,857 sq m.
It is linked to West Coast Highway and Ayer Rajah Expressway, and is also fairly near shopping and dining options such as Westgate, Jem and Big Box at the Jurong Lake District.
Nearby schools include Nan Hua Primary School, Commonwealth Secondary School and The Japanese School. There are also existing condominiums such as The Infiniti, Botannia and Carabelle within the vicinity.
The tender for the land parcel will close at noon on Jan 30, 2018, together with two residential sites at Handy Road and Chong Kuo Road, and HDB's executive condominium site at Sumang Walk.
The URA said that any tender below the minimum bid price of S$379.988 million will not be accepted.