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Tampines plot tipped for a good turnout

Consultants expect up to 15 bids for the 99-year private housing site despite its mediocre location

Kalpana Rashiwala

Published Tue, Mar 14, 2017 · 09:50 PM

Singapore

MEDIOCRE location notwithstanding, a private housing site in Tampines Avenue 10 is expected to draw strong interest with as many as 15 bids - thanks to developers' ravenous appetite for land.

Moreover, the improving sentiment in the residential property market as reflected in good sales results during recent launches and not forgetting the recent easing of the seller's stamp duty (SSD) should lift the confidence of bidders when they bid for the 2.2-hectare site at a state tender closing on April 25.