SINGAPORE - Tenders for three executive condominium (EC) sites will close on the same day - July 30. This unprecedented timeline has been designed by the Government to moderate tender bids and rein in private property price growth.
The previous practice of staggering deadlines allowed developers to wait and see if they won one tender before submitting a bid for the next. But they will now likely choose only one or two sites to bid for rather than risk winning all three at the same time.
It will be a keenly watched event as observers track if the new move will bring down the number of bids per site and affect the quantum of the winning bids, given the bullish offers for recent state tenders and the strong take-up rate for ECs.
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Additional Government Housing Grants
CPF Housing Grant and contribution
CPF Housing grants
Government land Sales for Private Residential
Housing Affordability/ Financial Stability
Housing and Development Board HDB
Land prices sold for Executive Condominiums EC
Land sold for Anchorvale Crescent EC coming 2014
Land sold for Punggol Central EC coming 2014
Land sold for Punggol Drive EC coming 2014
Land sold for Woodlands EC coming 2104
Land sold for Yuan Ching Road EC coming 2014
Land sold Jurong EC coming 2014
Private Residential Property Price Index