Winchamp Investment, a subsidiary under the expansive Wing Tai Holdings umbrella, has triumphed in securing the coveted Government Land Sales (GLS) site in the heart of River Valley Green. This development giant submitted a staggering bid of $464 million for the sprawling 100,009 sq ft parcel, located just off the bustling River Valley Road, as the tender ended on June 19. Wing Tai's ambitious bid translates to a noteworthy land rate of $1,325 per square foot per plot ratio.

In an exuberant press release, Wing Tai revealed grand plans for the site, envisioning it as a 'modern and luxurious new launch development' with over 400 exquisite units.

Expressing his elation, Edmund Cheng, Deputy Chairman of Wing Tai Holdings, remarked, "Wing Tai is thrilled to have clinched this prime site within the vibrant River Valley area. With its unparalleled location and rich amenities, we are eager to craft a unique development offering premium living spaces that seamlessly blend with the dynamic city centre lifestyle."

The River Valley Green (Parcel A) boasts a plot ratio of 3.5, culminating in a maximum gross floor area of 350,035 sq ft. Ideally situated, the site lies adjacent to the Great World City MRT Station on the Thomson-East Coast Line and near the bustling Great World City shopping mall.