June 02, 2021
Stackedhomes
Tampines and Tanjong Katong rank high on the list of desirable residential areas; so we’re not surprised these two recent Government Land Sales (GLS) sites are drawing investors.
This is on the back of two other GLS sites the week prior, which also saw aggressive bids. For those considering a property purchase in the next few years, all four sites are worth keeping an eye out for:
First, a cautionary note about land-starved property developers
In speaking to analysts, we were cautioned that the strong response to these sites are as much about depleted land banks as they are location. That’s not to say the GLS sites are bad, mind you; it’s just worth noting that other factors are driving the bids.