Sunway MCL-CSC Land JV tops River Valley tender with $750.6m bid

The offer translates to $1,730 psf ppr for a 500-unit project.

A joint venture between Sunway MCL and CSC Land Group submitted the top bid of $750.6m for the River Valley Green (Parcel C) residential site under the Government Land Sales programme.

In a statement, the partners plan to develop the site into a residential project with more than 500 units across two 36-storey towers if awarded by the Urban Redevelopment Authority.

The site is located next to Great World MRT Station on the Thomson-East Coast Line and is within District 9.

The bid translates to $1,730 per square foot per plot ratio.

The project would mark the second residential joint venture between the companies following ELTA, a development along Clementi Avenue 1 that is scheduled for completion in 2028, said Qian Liang Zhong, Chairman, China Construction (South Pacific) Development Co Pte Ltd.

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