SLA to auction eight infill sites for residential use

          The Singapore Land Authority (SLA) launched another 8 infill sites for residential use today. They will be offered through a public auction on 21 August 2008 at M Hotel. This will be the 2^nd time that SLA is offering such sites for public auction. In Nov 2007, 6 infill sites were sold for over $30 million. The sites will be sold with fresh 99-year leases. As in the previous auction, a site within the Good Class Bungalow area is also being offered. It has a land area of about 1,400 sq m in Ridout Road, District 10. Possible developments for the other sites include detached, semi-detached and terrace houses.

2 Some of the other sites are located within prime residential areas such as Holland Road and Carmichael Road. There is also a site at Upper East Coast Road, within walking distance of the popular Siglap and East Coast food haunts. Details and photographs of the sites are at Annex A.

3 ‘Infill’ sites are pockets of State land located in the midst of an established landed housing estate that have either been left untouched by nearby development, or are formerly used for public purposes that have since been phased out.

4 Assistant Chief Executive, Land Operations Group, Mr Simon Ong (王汉龙, 助理局长, 土地咨询商业部) said: “We were very encouraged by the strong response at the last auction. It attracted niche or boutique developers with expertise in building unique houses and `dream homes.’ This time, we have identified and released more sites and offering them through public auction for wider participation. The appeal of such sites is that they can be customised to suit the buyer’s needs. This is also aligned with SLA's mission to optimise the use of vacant State land.”

5 More information can be found in the developer’s packet. They can be purchased at $52.50 (inclusive of Goods and Services Tax) from the Singapore Land Authority at 8 Shenton Way #26-01, Singapore 068811 (Mon – Fri, 8.30am – 5.30pm, and Sat from 8.30am – 12.30pm).

6 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, before the auction commences at 3.00 pm. For more information, please log on to https://app1.sla.gov.sg/spio

Attachments:
Annex A: Table of details of eight infill sites on sale and photos of eight sites

Issued by:
The Singapore Land Authority
26 June 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