30 Dec '17, 3pm

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Does the sun rise in the West? It does, at least for the real estate sector in Singapore’s west, that is. A residential site on West Coast Vale was just triggered for sale last week, in an area already popular with buyers. Up to 12 bids expected for site in popular residential area Parc Riviera The 19,591.5 sq m site is situated adjacent to 2 other URA residential sites which were sold earlier. On one site sits Parc Riviera which is currently being marketed, and on the other, Twin View condominium which has yet to launch. The 99-year leasehold site has a permissible gross floor area of 54,857 sq m and can yield up to 730 apartment units. The bid which triggered the site for sale was for $379.988 million or $643.53 psf ppr. Analysts are expecting bids of $660 to $800 psf ppr from up to 12 developers or entities. Compared with other sites sold this year, this is relatively f...

Full article: https://www.iproperty.com.sg/news/sun-rises-in-the-west-f...

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Sun rises in the West for property sector

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