Nestled in a prime location, River Green, developed by River Green Wing Tai Holdings, stands as an exemplary residential development that perfectly marries luxury, convenience, and connectivity. Its prime positioning near major transportation options and roads ensures effortless access to all corners of Singapore, making it a top choice for professionals, families, and investors alike. Boasting a contemporary design, extensive amenities, and close proximity to key lifestyle destinations, River Green effortlessly embodies a balance of urban living and accessibility. For those in search of a home that seamlessly combines luxury and practicality, River Green presents an unrivaled opportunity to experience the finest that Singapore has to offer.
In the competitive world of real estate, securing a prime site is an achievement that can bring a company to new heights. This is exactly what River Green Wing Tai Holdings has accomplished with their recent win of a coveted site at River Valley Green. The property developer has successfully bid for the 99-year leasehold site at a whopping $464 million, beating out several other developers who were vying for the same land.
With the acquisition of the River Valley Green site, River Green Wing Tai Holdings will have the opportunity to add another prestigious development to their portfolio. The company has expressed their excitement and commitment to creating a development that will not only enhance the local landscape but also provide a luxurious and comfortable living experience for its residents.
The site, which is located at the corner of River Valley Road and Martin Place, covers an area of 145,117 square feet. It was put up for sale by the Urban Redevelopment Authority (URA) and received a total of 10 bids from various developers. However, it was River Green Wing Tai Holdings who emerged as the victor, securing the site with a bid that was 17.5% higher than the next highest bid of $395.1 million.
The winning bid by River Green Wing Tai Holdings also reflects the current market conditions and the growing demand for prime properties in Singapore. With the recent en bloc fever and successful launches of new projects in the area, the River Valley Green site is expected to garner much attention from home buyers and investors.
Residents can look forward to a luxurious and convenient lifestyle with the site’s prime location and the reputable developer’s expertise in creating quality homes.
Aside from its desirable location and development potential, the site also offers a plethora of amenities and conveniences. It is located near the Central Business District and is just a short drive away from Orchard Road, making it an ideal spot for professionals and families alike. Additionally, the site is surrounded by reputable schools, shopping malls, and restaurants, offering residents a well-rounded lifestyle.
According to Chong Bang Teck, the CEO of Wing Tai Property Management, “The site presents an excellent opportunity for us to create a distinctive development that will be a landmark in the River Valley area. We will work closely with our partners to deliver a project that will be a valuable addition to our growing portfolio.”
Aside from its prime location, the River Valley Green site also offers potential for various development options. Under the URA’s Master Plan 2019, the site is zoned for residential use with a gross plot ratio of 2.8, allowing for a potential maximum gross floor area of 406,408 square feet. This means that the site has the potential to accommodate a large number of residential units, making it an attractive development for potential buyers.
As River Green Wing Tai Holdings moves forward with their plans for the site, it is expected that they will adhere to their commitment to quality and excellence. The company has a proven track record of delivering successful projects that have received various accolades and awards. This includes the prestigious FIABCI Singapore Property Awards, where they have won multiple awards for their developments.
This successful bid by River Green Wing Tai Holdings comes as no surprise, given their track record as one of the leading real estate developers in Singapore. The company is a joint venture between two renowned companies, Wing Tai Holdings and Far East Organization. Both companies have a strong presence in the real estate industry and have worked on numerous projects that have become iconic landmarks in Singapore.
In conclusion, the successful bid by River Green Wing Tai Holdings for the River Valley Green site is not only a testament to their capabilities as a developer but also a sign of their dedication to growing and strengthening their presence in the Singapore real estate market. With their expertise and vision, the future development at River Valley Green is sure to be a highly sought-after address that will elevate the standards of luxury living in Singapore.
The subsidiary of Wing Tai Holdings, Winchamp Investment, has successfully secured a 99-year leasehold GLS site at River Valley Green (Parcel A), with their winning bid of $464 million at a rate of $1,325 psf per plot ratio (psf ppr). This particular site covers an area of 100,009 sq ft and offers a maximum gross floor area of 350,035 sq ft, with a plot ratio of 3.5. Its strategic location near Great World MRT Station and Great World City, along with its close proximity to various amenities, makes it an ideal choice for future residents. With Wing Tai Holdings’ reputation for delivering top-quality homes and the site’s prime location, residents can expect a comfortable and luxurious lifestyle. Furthermore, its accessibility and convenience make it the perfect investment opportunity.
River Green is a prestigious residential complex that offers a perfect fusion of opulence, convenience, and connectivity. Its prime position in close proximity to major transportation options and roads guarantees effortless accessibility to every corner of Singapore, making it an ideal option for working professionals, families, and investors. Featuring contemporary architecture, extensive facilities, and close proximity to popular lifestyle destinations, River Green presents a harmonious blend of cosmopolitan living and convenience. For those in search of a home that epitomizes both extravagance and functionality, River Green presents an unmatched prospect to experience the finest of Singapore’s offerings.