Wing Tai Holdings awarded GLS site at River Valley Green
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 27 2024
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Source: Yahoo Finance
- Winchamp Investment Wins GLS Site Tender: Winchamp Investment, a subsidiary of Wing Tai Holdings, secured the Government Land Sales (GLS) site at River Valley Green with a bid of $464 million.
- Development Plans: The site will be transformed into a modern residential development with over 400 units by Wing Tai Holdings.
- Location and Amenities: The River Valley Green site has a plot ratio of 3.5, a maximum gross floor area of 350,035 sq ft, and is close to Great World City and MRT Station.
- Wing Tai's Statement: Edmund Cheng, Deputy Chairman of Wing Tai Holdings, expressed excitement about creating premium living spaces in the prime River Valley area.
- Other Updates: Wing Tai Holdings also won a tender for a freehold Holland Tower site and completed The M project with 95% units sold.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
