Government launches three lots for tender – PART 1

The three lots are expected to provide approximately 2,000 residential units to the market. The interviewed analysts said that due to the impact of real estate cooling measures, the bidding situation is not expected to be too intense. Only EC at Tampines Ave 10 may attract up to 10 bids if demand exceeds supply.

The Urban Renewal Authority and the Housing Development Board launched three tenders under the Government Land Sale Programme (GLS) for tenders, which are expected to provide about 2,000 residential units to the market.

The interviewed analysts said that due to the impact of real estate cooling measures, developers should continue to be cautious and the bidding situation will not be too intense. Only one of the executive condominium (EC) locations may attract up to 10 bids if demand exceeds supply.

 The three sections that the government launched yesterday, in addition to the EC (Tampines Ave 10 EC), also include a private plot and a white lot.