Wing Tai Holdings, through its subordinate company Winchamp Investment, has successfully acquired the 99-year leasehold GLS plot at River Valley Green (Parcel A) for a top bid of $464 million, translating to $1,325 psf ppr. This prime land spans over 100,009 sq ft, allowing for a maximum gross floor area of 350,035 sq ft and a plot ratio of 3.5. The site is conveniently situated near Great World MRT Station and Great World City, making it easily accessible and surrounded by various amenities. River Green Wing Tai Holdings has now added this desirable location to its portfolio.
In addition to creating a vibrant and liveable space, Wing Tai Holdings also places great emphasis on sustainability and green living. They have a strong commitment to building environmentally-friendly developments and incorporating green features such as energy-efficient systems and green spaces in their projects. This aligns with the Singapore government’s push for sustainable development and is in line with their vision of creating a greener and more liveable city.
River Green Wing Tai Holdings, a Singapore-based real estate developer, has made headlines with their recent successful bid for a prime river valley site. The top bid of $464 million has secured them a premier development opportunity that is set to redefine the landscape of the region.
In an impressive feat, Wing Tai Holdings, through its subsidiary Winchamp Investment, has successfully obtained the 99-year leasehold GLS site at River Valley Green (Parcel A) by placing the highest bid at $464 million, equivalent to $1,325 per square foot per plot ratio. This valuable plot spans 100,009 square feet, with a maximum gross floor area of 350,035 square feet and a plot ratio of 3.5. It boasts a favorable location near Great World MRT Station and Great World City, making it easily accessible and surrounded by a variety of amenities. Capitalizing on the site’s strategic location and substantial space for development, Wing Tai Holdings has set its sights on creating a high-end residential project that will entice discerning homebuyers. The company is fully committed to delivering exceptional quality and design, ensuring that the development will be a coveted and sought-after address in the prestigious River Valley neighborhood. Additionally, with Wing Tai Holdings’ extensive background in property development, known for its iconic and timeless properties, the company is determined to continue its legacy of providing remarkable value to its clients. This acquisition of the prime site is a testament to Wing Tai Holdings’ unwavering dedication to delivering excellence.
Additionally, there are plenty of stalls selling clothes, bags, and accessories at affordable prices. Affordable local food and shopping options make Tiong Bahru Market a popular spot for residents and tourists alike.
As Wing Tai Holdings prepares to embark on this prestigious project, they remain focused on delivering quality and excellence in all their developments. With their strong track record and expertise, there is no doubt that this development will be a success and a highly sought-after address in the future. It is a testament to their dedication to shaping the landscape and creating a better living environment for all.
The development is expected to feature luxurious residential units with modern and stylish designs. With such a prime location, residents can look forward to a peaceful and exclusive lifestyle, away from the hustle and bustle of the city. The development will also include a wide range of facilities and amenities, such as a swimming pool, gym, and landscaped gardens, to provide residents with the ultimate living experience.
With its strategic location and ample space for development, Wing Tai Holdings aims to create a luxurious residential development that will attract discerning homebuyers. The company is committed to delivering exceptional quality and design, ensuring that the development will be a desirable and sought-after address in the prestigious River Valley area. Furthermore, Wing Tai Holdings has a strong track record in property development, with a focus on creating iconic and timeless properties that stand the test of time. By securing this prime site, the company is on track to continue its legacy of delivering unparalleled value to its customers.
This latest development by Wing Tai Holdings is set to raise the bar for luxury living in Singapore. With its prime location, top-of-the-line design, and commitment to sustainability, it is sure to attract high demand from both local and foreign buyers. This will not only add value to the surrounding properties but also contribute to the overall growth and development of the River Valley area.
The strong interest and fierce competition for this site is a testament to the potential of this development opportunity. Located along the iconic Singapore River, this site offers stunning views and easy access to the central business district and prime shopping areas. It is also within close proximity to various amenities such as schools, hospitals, and public transport.
The winning bid by Wing Tai Holdings is a strategic move by the company to strengthen its presence in the prime residential market of Singapore. With over 60 years of experience in the real estate industry, Wing Tai Holdings has a proven track record of delivering high-quality and iconic developments. Some of their notable projects include Le Nouvel Ardmore, The Crest, and The Garden Residences.
This coveted site, located at Jiak Kim Street, spans over 145,120 square feet and has a plot ratio of 2.8. The tender for this site attracted a total of five bidders, with Wing Tai Holdings emerging as the highest bidder. The other bidders include top local developers such as City Developments Limited, SingHaiyi Group, and Allgreen Properties, as well as a foreign developer from China, Logan Property Holdings.
This latest acquisition further solidifies Wing Tai Holdings’ position as a top developer in Singapore, as they continue to expand their portfolio with prime developments in sought-after locations. With their strong financial capabilities and diverse expertise, they are well-equipped to take on this prestigious project and deliver a world-class development that will exceed expectations.
Located nearby, residents can find the well-known Tiong Bahru Market, a popular hawker centre in Singapore. In this bustling food haven, visitors can indulge in classic local dishes like chicken rice, char kway teow, and prawn noodles. Fresh produce such as seafood, fruits, and vegetables can also be found at the vibrant wet market on the ground floor. For those looking to shop, there are numerous stalls offering budget-friendly clothing, bags, and accessories. Its reputation as a go-to destination for affordable food and shopping makes Tiong Bahru Market a must-visit spot for both locals and tourists.
In conclusion, Wing Tai Holdings’ top bid of $464 million for the prime river valley site at Jiak Kim Street marks the beginning of an exciting new chapter for the company. With their proven track record and commitment to excellence, they are well-positioned to create a development that will not only enhance the surrounding area but also elevate the standard of luxury living in Singapore. We can only wait with anticipation for the unveiling of this premier development by Wing Tai Holdings.
Besides the residential component, Wing Tai Holdings also plans to incorporate commercial spaces in the development. This will bring added convenience to the future residents, as they can easily access retail and dining options within the development itself. This mixed-use concept is becoming increasingly popular in Singapore, providing a well-integrated and self-sufficient community.