Only EC site on Confirmed List this year launched
Aggressive bidding unlikely amid overhang of unsold ECs and mass-market condos in north-east region
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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
UK construction growth hits 14-month high in April, PMI survey shows
KKR buys 14 hotels in Japan, converts them to midscale Sheraton properties
Abu Dhabi developer Aldar picks banks for 10-year green sukuk
UK house prices stagnate in April as higher mortgage costs bite
When buying a home is treated as a national security threat
After S$160 million makeover, SingLand eyes better take-up, higher rents at Singapore Land Tower