URA releases site at Tan Quee Lan Street, expected to yield 580 homes

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URA releases site at Tan Quee Lan Street, expected to yield 580 homes
Singapore Latest News,Singapore Headlines
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SINGAPORE: A site at Tan Quee Lan Street was on Friday (Mar 29) launched for sale under the confirmed list of the first half 2019 Government Land ...

SINGAPORE: A site at Tan Quee Lan Street was on Friday launched for sale under the confirmed list of the first half 2019 Government Land Sales Programme.

She pointed out that a low pipeline supply of available residential units for sale - amounting to fewer than 800 units - in the immediate locality could"embolden" interested bidders to be bullish in their bids, in spite of cooling measures currently in place.Ms Tricia Song, head of research for Colliers in Singapore, said the tender is expected to set"benchmark land pricing for a residential site", in view of the plot's location and good transport links.

Taking a leaf from the public tender for the nearby Middle Road site, Colliers expects similar healthy interest for the Tan Quee Lan Street plot, she said.

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