There has been strong response at an auction of six residential infill sites by the Singapore Land Authority (SLA). The sites fetched a combined S$31 million.
They were launched for sale last month on 99-year leases.
Infill sites are small, and usually have adjacent buildings on either side.
The most popular plot is located at Somme Road, and it received 64 bids. The site was finally sold to a company called Sarda for S$3.8 million.
This works out to about S$3,800 per square metre per plot ratio.
Two Good Class Bungalow sites in Eng Neo Avenue also saw good response. One was sold for S$6 million and the other for S$12 million.
The SLA said it will consider releasing more infill sites to meet demand. - yb
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