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by OrangeTee & Tie Pte Ltd.

Record Bids Lodged For Tampines EC Plot, Lentor Central Residential Site

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Singapore, 22 Jul 2021

SINGAPORE – Records were smashed when bids were lodged yesterday for two residential sites under the Government Land Sales (GLS) programme.

Tenders for both 99-year leasehold plots – a Tampines executive condominium (EC) parcel and one in Lentor Central – closed last night with nine bids lodged for each, as developers rushed to replenish land banks as unsold private housing inventory nears a four-year low of 16,929 units.

They were both on the confirmed list sites under the first-half 2021 GLS programme. This means they were launched according to schedule regardless of demand. Together, they can yield about 1,195 residential units.

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