A land and property services analyst in Canberra was appalled by the lack of national interest and support from property developers in the auction of two key city sites last Monday.

The two sites on London Circuit, which were not sold in the auction yesterday, are currently under a 48-hour negotiation process with the local developers.

The bidding commenced slowly and peaked towards $5.25 million and $8.6 million for the respective blocks, well below the expected price range.

Another inner city car park site was purchased in 2007 at $92 million, which became a record price in Australia.

David Doars, head of the land and property services, said several developers outside the ACT have expressed their interest in the sites.

“We have been lobbied for that site particularly opposite the Sydney Building for a hotel by a number of different hotel chains so it was interesting that they weren't there and that's one of the disappointing aspects,” Mr. Doars said.

The two highest bidders have now entered into private talks to purchase the blocks of land. Two of the highest bidders were developers based in Canberra.

Meanwhile, a spokesperson of ACT Greens told media earlier this month that London Circuit was not part of the “Greater Civic Plan” which was endorsed by the State Government.

“The Government is spending $3.8m just on London Circuit, but not taking the opportunity to improve the design,” ACT Greens Caroline Le Couteur said.

“If you are going to shut down London Circuit and rebuild parts of it, this is the time you should add coordinated transport infrastructure, such as separated or on-road bike and bus priority lanes that link up and are safe.”

Greens also said the Government is wasting money on additional duplication of transport lanes which are causing inconvenience to Canberrans and should focus on upgrading its transport systems instead.