The Urban Redevelopment Authority (URA) has awarded the tender for the site at Marina View to Boulevard View Pte Ltd.
The site at Marina View was launched for tender on 28 June 2021. The tender for the site closed on 21 September 2021. The land parcel was offered for sale on a 99-year lease term.
Details of the awarded land parcel and the successful tenderer are provided below:
Location: Marina View
Allowable Development: White Site
Site Area: 7,817.6 sqm
Maximum Gross Floor Area: 101,629 sqm
Successful Tenderer: Boulevard View Pte Ltd
Tendered Price ($PSM of GFA): $1,508,000,101.00 ($14,838.29)
No. of bids: 1
Site Area (m²) : 7,817.6
Allowable development: White Site
Gross Floor Area (m²) : 101,629
A developer's indicated minimum price has been accepted. The site will be released for sale by public tender on 28 June 2021
A PRIME LOCATION
The 0.8ha site is ideally located within the Marina Bay area –Singapore’s premier financial and business district. Its close proximity to prestigious developments such as Asia Square and Marina One makes it an attractive location for a distinctive mixed use development.
The future development will also offer city living opportunities and enhance the vibrancy in the area.
A UNIQUE MIXED USE DEVELOPMENT OPPORTUNITY
The land parcel is envisaged to be developed as a high-quality residential and hotel development, offering excellent vantage views of Marina Bay. Complementary uses allowed within the development such as retail, food and beverage will add to the diversity of amenities in the area.
WELL-CONNECTED
With the existing Marina Bay and Downtown MRT stations as well as the upcoming Shenton Way Thomson-East Coast Line MRT station in close proximity, the future development will enjoy convenient access to the island wide rail network. It is also a short distance away from the integrated resort at Marina Bay Sands and the convention and hotel hub at Marina Centre.
Location: Marina View
Site Area / Horizontal Cross-Sectional Area: 7,817.6 m2 (Land Parcel) ; 18.0 m2 (Subterranean Stratum)
Lease Period: 99 years
Allowable Development: White Site
Maximum Permissible Gross Floor Area: 101,629sqm
Maximum Building Height: Not exceeding 200 m AMSL and 245 m AMSL for roof articulation
Project Completion Period: 84 months
View location on URA MapsWhite Sites as marked out by URA, are areas used or intended to be used mainly for commercial, hotel,
residential, sports & recreational and other compatible uses, or a combination of two or more such uses as a mixed development.
The White Site can be developed into any one or more of the following uses: