A consortium led by GuocoLand submitted the only bid for a prime plot of land in the Marina South precinct, adding to signs demand for housing in Singapore is softening amid rising interest rates and government’s property curbs.
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Last week, URA released two new residential sites at Lentor Hills Estate for sale under its 2H2022 Government Land Sales (GLS) Programme. Lentor Gardens, a much larger site, is launched under the Confirmed List, while Lentor Central, will be under the Reserve List. Land parcels under the Reserve List will only be launched for tender upon successful application by developers..