SLA to put residential state properties on new open bidding system

The Singapore Land Authority (SLA) has introduced a new open bidding system for a fair and transparent allocation of residential state properties.

It will put up some 36 properties under this system in the first half of this year.

The properties include a bungalow on Hyderabad Road with a guide monthly rent of S$13,500 and an apartment on Clemenceau Avenue North with a guide rent of S$1,150.

In October and November last year, the Authority successfully awarded five vacant residential state properties under its pilot bidding system.

These included semi-detached houses in Malcolm Road and Seletar, and two bungalows at Stevens Road and King Albert Park.

The previous system was based on a first come first served basis and balloting or queue system under waiting lists. – CNA

Source : Channel NewsAsia – 5 Jan 2008

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