URA's request for en bloc tender details intrigues market

Singapore

THE Urban Redevelopment Authority (URA) is seeking detailed information on the tender results of private-sector en bloc sales from marketing agents, including the names of all bidders and their bid prices.

Some market watchers think it may be gathering information with which to formulate the Government Land Sales (GLS) Programme for the first half of next year; others say the authorities could be keeping tabs on the heating en bloc sales sector, with a view to imposing cooling measures if the market spirals out of control.