Friday, June 27, 2008

For Sale: 8 Infill Sites For Housing Use

Source : The Business Times, June 27, 2008

THE Singapore Land Authority (SLA) said yesterday that it would sell eight infill sites for residential use. The sites will be offered at a public auction on Aug 21 at M Hotel in Anson Road. They will be sold with fresh 99-year leases.

The auction comes after one in November 2007 at which six infill sites were sold for more than $30 million.

'We were very encouraged by the strong response at the last auction,' said Simon Ong, assistant chief executive of SLA's land operations group. 'It attracted niche or boutique developers with expertise in building unique houses and dream homes.'

The latest sites include some in prime areas such as Holland Road, Carmichael Road and Upper East Coast Road.

As at the previous auction, a Good Class Bungalow site is being offered. Proposed developments for other sites include a two-storey bungalow and a pair of three-storey semi-detached houses.

'The appeal of such sites is that they can be customised to suit the buyer's needs,' said Mr Ong. 'This is aligned with SLA's mission to optimise the use of vacant state land.'

The developer's packet for the sites can be bought from the SLA at $52.50 or found online at Interested parties can register for the auction outside the Shenton Room of M Hotel, from 2pm on Aug 21. The auction starts at 3pm.

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