08 Dec '16, 6am

Mixed views over West Coast Vale residential site

Mixed views over West Coast Vale residential site

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. Confirmed List sites are launched according to schedule, regardless of demand. Most consultants are expecting five to 10 bids with the top bid being in the region of S$529 to S$600 per square foot per plot ratio (psf ppr). Among them, JLL national director for re...

Full article: https://www.srx.com.sg/singapore-property-news/28492/mixe...

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