IS the private home market stirring back to life again? Apparently so, going by the strong interest shown in eight infill sites for residential use that will be auctioned on Thursday.
Since the launch of the sites on June 26, the Singapore Land Authority (SLA) has received close to 100 enquiries.
A 1,400 sq m site in Distrct 10's Ridout Road, within the Good Class Bungalow area, is drawing especially keen interest, as well as the sites in the eastern region of Upper East Coast Road and Tanah Merah Kechil Road.
"These sites received the most number of enquiries," said the SLA on Monday. "Over 30 auction packets were sold for these sites with quite a number downloaded from SLA's website. Interested parties include individuals, niche developers, architects and contractors."
Infill sites are pockets of state land in an established landed housing estate that have either been left untouched by nearby development, or were formerly used for public purposes.
This is the second time that SLA is offering such sites, which can be developed for detached, semi-detached and terrace houses. They will be sold with fresh 99-year leases.
Last November, SLA offered such sites for public auction and six were sold for over $30 million.
The auction will be held at M Hotel on Thursday at 3 pm.
