URA launches tender for West Coast Vale residential site

A developer committed to bid at least $379.99m.

The Urban Redevelopment Authority (URA) launched a public tender for a residential site at West Coast Vale.

According to a press release, URA received an application from a developer to put the site up for tender. The latter committed to bid at least $379.99m for the land parcel.

The land parcel was made available for sale on the Reserve List of the 2nd Half 2017 Government Land Sales Programme.

With a land area of about 1.9 ha, the residential site at West Coast Vale will have a maximum permissible gross floor area of 54,857 sqm.

URA will launch the public tender for the site in about 2 weeks. The tender period for the land parcel will be about 6 weeks.