SINGAPORE – Three 99-year leasehold residential sites, including one for an executive condominium (EC) in Bukit Panjang, have come up for sale under the Government Land Sales (GLS) programme for the second half of 2022, the Urban Redevelopment Authority announced on Friday.
The three sites – in Clementi Avenue 1, Jalan Tembusu near Tanjong Katong MRT station, and Senja Close in Bukit Panjang – are on the reserve list and will be put up for tender only when a developer has indicated a minimum price which is accepted by the Government. The sites can yield about 1,625 residential units.
OrangeTee & Tie chief executive Steven Tan said the Clementi Avenue 1 site has a better chance of being triggered because there are no upcoming launches nearby and earlier projects have enjoyed strong take-up.