Sengkang EC site triggered for public tender

Singapore

AMID the crunch of executive condo (EC) units, a site in Sengkang designated for this public-private hybrid housing type has been triggered for launch from the reserve list of the Government Land Sales (GLS) programme.

This follows a successful application by an unnamed developer to bid at least S$255 million or S$460.80 per square foot per plot ratio (psf ppr) at tender for the 1.71 ha site along Anchorvale Crescent near Cheng Lim LRT Station and Sengkang MRT Station.

Some property consultants expect robust demand for the site at the public tender, notwithstanding the recent cooling measures unveiled on July 5. They highlight…