Consortium secures prime River Valley Green residential site in URA land tender

Massive total gross floor area will support a significant volume of new inner-city housing stock.

The Urban Redevelopment Authority (URA) has awarded the tender for the site at River Valley Green Parcel C to SMCL Haven 3 Pte. Ltd. and CSC Land Group (Singapore) Pte. Ltd.

Authorities earlier said that River Valley Green Parcel C drew four bids, with the top offer at $1,730 per square feet per plot ratio.

According to URA, the consortium was the highest tenderer for the site. The joint venture has also said that it submitted the top bid of $750.6m for the property.

The site at River Valley Green Parcel C was launched for tender on 9 April, which closed on 18 June. It was offered for sale on a 99-year lease term.

Spanning 11,516 square metres, this site supports up to 40,306 square meters of gross floor area for residential development.

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Urban Redevelopment Authority

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