Map of the West Coast Vale site. Source: URA
A 99-year leasehold residential site at West Coast Vale has been released under the reserve list of the first half 2016 Government Land Sales (GLS) Programme, the Urban Redevelopment Authority (URA) said on Wednesday (25 May).
The 176,288 sq ft site has a maximum gross floor area of about 493,611 sq ft, and could potentially yield up to 520 units.
Situated along Sungei Pandan, the land parcel is linked to West Coast Highway and Ayer Rajah Expressway. Commercial amenities such as Westgate, Jem and Big Box in the Jurong Lake District are also nearby.
Meanwhile, an adjacent site measuring 203,532 sq ft was awarded to EL Development in August last year, after receiving only six bids. The company submitted the highest bid of $314.1 million, or around $551 psf per plot ratio. The site is expected to yield about 595 homes.
View of the West Coast Vale land parcel. Source: URA
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
