SLA receives strong interest on 8 residential sites

- Most enquiries on Ridout Road and eastern region sites

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. The auction will be held on Thursday, 21 Aug 08 at M Hotel.

2 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. These sites received the most number of enquiries. Over 30 auction packets were sold for these sites with quite a number downloaded from SLA’s website. Interested parties include individuals, niche developers, architects and contractors.

3 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. A list of the sites is annexed.

4 More information are available in the developer’s packet which can be purchased from SLA at 8 Shenton Way #26-01, Singapore 068811 (Mon – Fri, 8.30am – 5.30pm, and Sat from 8.30am – 12.30pm). The information in the developer’s packet is also available at www.sla.gov.sg/Land_Sales/ls_index.htm.

5 Interested parties can register at the counter outside Shenton Room, Basement 1 of M Hotel, 81 Anson Road, on 21 August 2008, from 2.00 pm onwards. The auction will commence at 3.00 pm.

Attachments:
Annex – List of the 8 sites offered for sale

Issued by:
The Singapore Land Authority
18 Aug 2008

About SLA
Singapore Land Authority (SLA) is a statutory board with the Ministry of Law. Its mission is to optimise land resources for the economic and social development of Singapore. SLA is responsible for the direct management of some 14,000 hectares of State land and about 5,000 buildings. It is also in charge of land sales, leases, acquisitions and allocation, developing and marketing land-related information, and maintaining the national land information database through digitised land information services. SLA is also the national land registration authority for property transactions, and the issuance and guarantee of land titles in Singapore. It also manages and maintains the national land survey system, including the defining of boundaries or legal limits of properties based on a coordinated cadastre survey system. For more details, visit www.sla.gov.sg.

Annex A: List of the 8 sites offered for sale