MALAYSIAN plantation and real-estate tycoon Lee Shin Cheng has surprised the market with a bullish top bid of nearly S$2.57 billion or S$1,689 per square foot per plot ratio (psf ppr) for a white site in Central Boulevard. The bid from IOI Properties Group is the highest in absolute dollar quantum as well as by psf ppr for a Government Land Sale (GLS) site in Singapore. The tender drew seven bids. IOI's...
Central Boulevard
A 99-year leasehold white site with a mandatory office component along Central Boulevard in Singapore has attracted seven bids. The highest bid of S$2.57 billion, which works out to S$1,689 per square foot per plot ratio (psf ppr) was made by IOI Properties Group Bhd of Malaysia. This is the highest bid ever in absolute dollar quantum as well as psf ppr for a Government Land Sale site in...
A developer from mainland China is likely to have triggered the plum Central Boulevard site from the government's reserve list, The Business Times understands. Urban Redevelopment Authority (URA), which announced on Friday that the site had been triggered for launch, did not name the party that successfully applied for the site's release. The applicant has undertaken to bid at least S$1.536 billion -...
THE Urban Redevelopment Authority (URA) will launch for public tender a plum site along Central Boulevard in the Marina Bay area after an unnamed party made a successful application for the site's release. The white site is on the Reserve List of the Government Land Sales programme for H2 2016. The developer has committed to bid at a price of at least S$1.536 billion at tender; this works out to S$1,010...
The Urban Redevelopment Authority (URA) released the detailed sales conditions for the White site at Central Boulevard today. The land parcel is available for application under the Reserve List of the second half 2015 Government Land Sales Programme. Located within the heart of the new growth area at Marina Bay, the future development on the White site will contribute to building up the critical mass of...