SLA Receives Strong Interest On 8 Residential Sites

Source : AsiaOne, Mon, Aug 18, 2008

Since the launch of 8 infill sites for residential use on 26 Jun 08, the Singapore Land Authority (SLA) has received close to 100 enquiries.

According to the SLA, there has been especially strong interest in the good class bungalow site at Ridout Road and sites in the eastern region of Upper East Coast Road and Tanah Merah Kechil Road. Interested parties include individuals, niche developers, architects and contractors.

Over 30 auction packets were sold for these sites with quite a number downloaded from SLA's website.

This is the 2nd time that SLA is offering such sites for sale through public auction. In Nov 2007, 6 infill sites were sold for over $30 million.

The auction for the 8 sites will be held on Thursday, 21 Aug 08 at M Hotel at 3 pm.