Wednesday, May 16, 2012

Five new sites for homes released


Straits Times: Wed, May 16
FIVE residential sites able to yield about 2,100 homes were released by the Government yesterday, the same day new figures were made public showing that strong demand for new homes continues unabated.

One of the sites at Pheng Geck Avenue is a confirmed list site. The other four - at Tai Thong Crescent, Kim Tian Road, Prince Charles Crescent and Sengkang West Way - are reserve list sites.

Confirmed list sites go on sale regardless of interest, while those on the reserve list are put up for tender only if developers make an acceptable initial offer.

Experts note the latest release of sites comes off the back of strong new home sales, with a whopping 9,000 private homes sold in the first four months of the year...
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