{"id":43588,"date":"2017-02-10T10:30:19","date_gmt":"2017-02-10T03:30:19","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/west-coast-vale-site-draws-291-99m-top-bid\/"},"modified":"2017-02-10T11:18:51","modified_gmt":"2017-02-10T04:18:51","slug":"west-coast-vale-site-draws-291-99m-top-bid","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/west-coast-vale-site-draws-291-99m-top-bid\/","title":{"rendered":"West Coast Vale site draws $291.99m top bid"},"content":{"rendered":"


\nThe land parcel is located along Sungei Pandan. Source: URA
\nA residential site at West Coast Vale received nine bids when its tender closed on Thursday (9 February), said the Urban Redevelopment Authority (URA).
\nLaunched for sale last December, the 1.6ha site next to Parc Riviera could yield up to 520 housing units.
\nLocated within an enclave of private developments and near the park connector network along Sungei Pandan, the 99-year leasehold site \u201crequires the use of prefabricated materials which will help to keep a lid on construction costs\u201d, noted Desmond Sim, Head, CBRE Research, Singapore and South East Asia.
\nChina Construction (South Pacific) Development submitted the highest bid of $291.99 million, which works out to about $592 psf on the gross floor area. This was followed by MCC Land (Singapore) with a $289.9 million bid, ahead of Allgreen Properties ($286.82 million).
\n\u201cThe plot is the last site to be sold on the GLS confirmed list for 2016, and the profiles of the bid parties reflect interest from some relatively newer developers and small cap players who find the quantum affordable and easy to manage. This will negate the risks for developers making their first foray in the residential market,\u201d noted Sim.
\nSource: URA
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…West Coast Vale site draws 1.99m top bid<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The land parcel is located along Sungei Pandan. Source: URA A residential site at West...<\/p>\n","protected":false},"author":1,"featured_media":43589,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-43588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/02\/west-coast-vale-aerialmap.jpg?fit=530%2C242&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-bl2","jetpack-related-posts":[{"id":44289,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/west-coast-vale-site-awarded-to-china-firm\/","url_meta":{"origin":43588,"position":0},"title":"West Coast Vale site awarded to China firm","date":"February 16, 2017","format":false,"excerpt":"\r The land parcel is located along Sungei Pandan. Source: URA A residential site at West Coast Vale has been awarded to China Construction (South Pacific) Development, after the company submitted the highest bid of $291.99 million for the 1.6ha site, revealed the Urban Redevelopment Authority (URA) on Wednesday (15\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/02\/west-coast-vale-aerialmap-1.jpg?fit=530%2C242&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":37307,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-releases-site-at-west-coast-vale\/","url_meta":{"origin":43588,"position":1},"title":"URA releases site at West Coast Vale","date":"December 7, 2016","format":false,"excerpt":"\r The land parcel is located along Sungei Pandan. Source: URA The Urban Redevelopment Authority (URA) launched a residential site at West Coast Vale for sale on Wednesday (7 December) under the confirmed list of the second half 2016 Government Land Sales (GLS) Programme. The 1.6ha plot can potentially yield\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/12\/west-coast-vale-aerialmap.jpg?fit=530%2C242&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":73696,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-to-launch-tender-for-residential-site-at-west-coast-vale\/","url_meta":{"origin":43588,"position":2},"title":"URA to launch tender for residential site at West Coast Vale","date":"December 5, 2017","format":false,"excerpt":"\r The Urban Redevelopment Authority (URA) has accepted an application from a developer to put up the residential site at West Coast Vale for sale by public tender. This comes after the developer committed to bid a price of not less than S$379.988 million in the tender for the site.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74956,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/west-coast-vale-residential-site-launched-for-tender\/","url_meta":{"origin":43588,"position":3},"title":"West Coast Vale residential site launched for tender","date":"December 20, 2017","format":false,"excerpt":"\r View of the residential site at West Coast Vale. (Photo: URA) 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118309,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-sungei-buloh-nature-park-network-to-safeguard-wetland-habitats\/","url_meta":{"origin":43588,"position":4},"title":"New Sungei Buloh Nature Park Network to safeguard wetland habitats","date":"August 20, 2020","format":false,"excerpt":"\r NParks noted that the network will be complemented by the Round-Island-Route (RIR), an upcoming recreational route that connects various green areas through trails and park connectors. Photo:\u00a0facebook.com\/nparksbuzz The Sungei Buloh Nature Park Network will comprise the Wetland Reserve, the Mandai Mangrove and Mudflat and Kranji Marshes, nature areas like\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85890,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/twin-vew-to-open-showflat-this-weekend\/","url_meta":{"origin":43588,"position":5},"title":"Twin Vew to open showflat this weekend","date":"April 19, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Twin Vew in West Coast Vale. Twin Vew in West Coast Vale will open its showflat for preview this Saturday (21 Apr), said developer CSC Land. The 520-unit condominium is the Group\u2019s first development in Singapore, and will comprise two 36-storey towers offering a range of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/43588"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=43588"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/43588\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/43589"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=43588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=43588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=43588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}