The residential site at West Coast Vale has been launched for sale by public tender after a developer had committed to a bid price of at least $379.988 million, revealed the Urban Redevelopment Authority (URA) on Tuesday (19 December).
Made available for sale on the Reserve List of the second half 2017 Government Land Sales Programme, the 99-year leasehold site has an area of 19,591.5 sq m and a maximum gross floor area of 54,857 sq m.
Expected to yield up to 730 housing units, the site is conveniently linked to Ayer Rajah Expressway and West Coast Highway, and is near shopping and dining options such as Westgate, Jem and Big Box at the Jurong Lake District.
Meanwhile, nearby schools include Nan Hua Primary School, The Japanese School and Commonwealth Secondary School.
The tender for the site will close on 30 January 2018, along with “two residential sites at Handy Road and Chong Kuo Road and HDB’s Executive Condominium site at Sumang Walk”, said URA.
“Any tender below the minimum bid price of $379.988 million will not be accepted,” it added.
Adapted from Propertyguru, December 20, 2017.