Five new residential sites released for sale
Five residential sites able to yield about 3,000 homes were released for sale by the Government.
One of the sites at Geylang East Avenue 1 is a reserve list site. The other four - at Choa Chu Kang Grove, Yishun Avenue 9 and Sims Drive - are on the confirmed list.
Reserve list sites are put up for tender only if developers make an acceptable initial offer, while those on the confirmed list go on sale regardless of interest.
The 67,146 sq ft site at Geylang East Avenue 1 was triggered for sale after a developer lodged an offer of at least $95 million for it.