It is very rare that the Singapore government would release 3 development sites for tender and one additional land parcel that is available for application on the same day. These four land parcels are located in the Singaporean suburbs and they could be developed into mass market private apartments or condominiums. Usually the Singapore government would release less than ten large development sites each year. This release of these four sites simultaneously on 23rd March indicates that the government wants to emphasize the message that there is enough supply of land and residential properties for sale. The purpose is also to prevent a property asset bubble and to moderate property price growth. Full Story
Government Land Sale Avalanche
Gerson Lehman Group, 23 Mar 2010
It is very rare that the Singapore government would release 3 development sites for tender and one additional land parcel that is available for application on the same day. These four land parcels are located in the Singaporean suburbs and they could be developed into mass market private apartments or condominiums. Usually the Singapore government would release less than ten large development sites each year. This release of these four sites simultaneously on 23rd March indicates that the government wants to emphasize the message that there is enough supply of land and residential properties for sale. The purpose is also to prevent a property asset bubble and to moderate property price growth. Full Story
It is very rare that the Singapore government would release 3 development sites for tender and one additional land parcel that is available for application on the same day. These four land parcels are located in the Singaporean suburbs and they could be developed into mass market private apartments or condominiums. Usually the Singapore government would release less than ten large development sites each year. This release of these four sites simultaneously on 23rd March indicates that the government wants to emphasize the message that there is enough supply of land and residential properties for sale. The purpose is also to prevent a property asset bubble and to moderate property price growth. Full Story
