A LAND plot for a condominium has been made available for sale in Serangoon Avenue 3, next to the Lorong Chuan MRT Station on the new Circle Line.

Despite lacklustre activity in the private housing market, property consultants expect this 1.39ha site to be favourably received, given its choice location.

'Although the current cautious mood and slow sale activity in the residential market have diminished developers' appetite for development sites, there is a high probability that the site will be released for sale by tender because of its favourable location with good surrounding amenities,' said Mr Nicholas Mak, director of research and consultancy at Knight Frank.

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