Only EC site on Confirmed List this year launched

Singapore

AN executive condominium (EC) site along Anchorvale Lane - the only EC site on the Confirmed List of the government land sales (GLS) programme for this year - was released for sale on Wednesday.

Property consultants believe the site could draw interest from developers who have had residential projects in the north-east region, but aggressive bidding is unlikely amid a supply overhang of unsold ECs and mass-market condominiums in that region.