Er...what is confirmed list system?

Er...what is confirmed list system?
Aug 3, 2008
FINANCIAL QUOTIENT
Er...what is confirmed list system?

* Where do you see this?

In articles about property and Government announcements on the sale
of land.

* What does it mean?

It is a method of selling land that the Government employs.

Sites on the confirmed list are for outright sale, meaning they will
be tendered out on scheduled dates, regardless of whether developers
have indicated interest.

* Why is it important?

This is not a market-driven approach. But it allows the Government to
hasten the development of certain sites for planning and other
strategic reasons.

For instance, in its land sales programme for the second half of the
year, it offered a 3ha hotel site at Bukit Chermin Road under the
confirmed list.

The sale of the site, it said, is timed to coincide with the 2011
completion of Labrador Nature and Coastal Walk nearby. Together,
these developments will enhance the attractiveness of the area as a
premier leisure and recreation destination.

The Government also offered a site in Stamford Road comprising the
existing Capitol Theatre, Capitol Building, Stamford House and
Capitol Centre.

* So you want to use the term? Just say...

'The Stamford Road site with the conserved Capitol Theatre is on the
latest confirmed list. That means it should be sold soon. When it is
restored, the area will become more vibrant.'