The historical record of revenue earned from land sale was $14 billion in the 1997 financial year.

The SLA is the largest agent for the state when it comes to land sale programme.  It manages and sells state lands to private companies and other government agencies at market value.

For the 12 months ended 31 March 2007, SLA collected $3.55 billion in land sale revenue from private companies - 8% higher than in the previous year.

In the same period, it collected a further $2.75 billion from land sold to other government agencies, such as the 21ha plot for the Marina Bay integrated resort. The resort land was sold to the Singapore Tourism Board for $1.2 billion which in turn sold to developer Las Vegas Sands.

The SLA's operating surplus grew by 35% to $17.1 million. (4 Oct)

Edited by Sam Gian – Independent Real Estate Sale Consultant and trainer