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Muted response to two Government Land Sale sites, but third site pulls in nine bids

Observers say developers are cautious, likely to try for sites with less competition, or with lower quantum

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Nisha Ramchandani

Nisha Ramchandani

Published Thu, Sep 5, 2019 · 09:50 PM
    URA's latest tender closings

    Singapore

    AT THE close of three Government Land Sale (GLS) tenders on Thursday, a site in Tan Quee Lan Street in Bugis had secured only two bids, and one in Bernam Street in Tanjong Pagar, four bids.

    The third site in one-north Gateway, which required the least outlay, pulled in nine bids.

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