The ACT government expects to net more than $20 million for the last single residential blocks in the Belconnen suburb of Lawson.
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The Land Development Agency will auction the remaining 60 blocks in the popular infill suburb in the first week of next month.
Buyers paid almost $56 million for 124 single blocks in the first release, which was held in December last year.
Buyers of the blocks paid 34 per cent over the reserve price on average, which was a combined $14 million extra for the government.
The Land Development Agency's land development executive director, Chris Reynolds, said the government expected huge interest in the blocks that could top the last auction.
''I'm expecting equal, if not greater, spirited bidding and market interest out of this release, and the real reason behind that is that this is the last chance in all of Lawson that the market will have to buy standard residential blocks,'' he said.
''This is the last chance, so I think the market will respond to that. We're quite excited about how the auctions will go.''
The agency has again released the reserve prices before the auction day on June 4.
The government will make about $19.8 million if the blocks are sold for just the reserve.
Mr Reynolds said the agency would be happy with that amount but given the uniqueness of the site, there was flexibility to allow the market some choice about what it was prepared to pay.
''The reserves are there as a starting point and we'll wait and see, but I'd expect a healthy bidding process at the auction given this is the last 60 blocks that you'll see in this location.''
The 60 blocks range in size from 250 to 1540 square metres and most of the blocks are between 450 and 500 square metres.
Reserve prices range from $233,000 to $385,000.
Online registrations for the blocks opened last week and will close on May 29.
Independent Property Group project marketing director Wayne Harriden said he expected the residential blocks to be just as popular as the last release as the demand outstripped supply.
He said there would be many people who missed out last time competing for the blocks.
Mr Harriden said while there was certainly a land shortage in Canberra, Lawson was attracting such strong interest because of its location.
''It's been on people's radars for a long time,'' he said.
The Land Development Agency will auction two multi-unit sites the day before for a combined 113 dwellings.
Three multi-unit sites were sold in the suburb last month for more than $12 million.
Further multi-unit sites are expected to be released next financial year.
