{"id":120593,"date":"2021-06-29T01:17:37","date_gmt":"2021-06-28T18:17:37","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/white-site-at-marina-view-launched-for-sale\/"},"modified":"2021-07-18T17:03:23","modified_gmt":"2021-07-18T10:03:23","slug":"white-site-at-marina-view-launched-for-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/white-site-at-marina-view-launched-for-sale\/","title":{"rendered":"White site at Marina View launched for sale"},"content":{"rendered":"


\nThe Marina View site is 7,817.6 sq m and is expected to yield 905 housing units, 540 hotel rooms and 2,000 sq m in gross floor area (GFA) of commercial space.\u00a0Source: URA
\nThe\u00a0White site at Marina View has been launched for sale, and a developer has committed to bid at least $1.508 billion for it, announced the Urban Redevelopment Authority (URA) on Monday (28 June).
\nWith an area of 7,817.6 sq m, the site comes under the Reserve List of the first half 2021 Government Land Sales (GLS) programme and is intended for mixed use development with hotel, residential, commercial and\/or serviced apartment.
\nThe site is expected to yield 905 housing units, 540 hotel rooms and 2,000 sq m in gross floor area (GFA) of commercial space.
\nLocated within the Marina Bay area, the site is near the Marina Bay and Downtown MRT stations, as well as the future Shenton Way Thomson-East Coast Line MRT station. It is also close to the convention and hotel hub at Marina Centre and the integrated resort at Marina Bay Sands.
\nThe tender for the site will close on 21 September 2021.
\n\u201cAny tender below the minimum bid price of $1.508 billion will not be accepted,\u201d said URA.
\nHuttons Asia expects the site to \u201cattract no more than five bidders made up of consortiums because of the large quantum and higher risks involved\u201d.
\nIt noted that there is no new supply of homes within District 1, other than V on Shenton and Marina One Residences.
\n\u201cWith vaccinations taking place around the world and international travel resuming soon, this site offers a first mover advantage to developers who want to introduce new hospitality concept to travellers,\u201d it said.
\nHuttons expects the eventual sale price for the site to hover from $1,700 to $2,000 per sq ft (psf) and the eventual selling price at above $3,000 psf.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nCheryl Chiew, Digital Content Specialist at PropertyGuru, edited this story. To contact her about this story, email:\u00a0cheryl@propertyguru.com.sg\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…White site at Marina View launched for sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Marina View site is 7,817.6 sq m and is expected to yield 905 housing...<\/p>\n","protected":false},"author":1,"featured_media":120594,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-120593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/06\/URA-launches-tender-for-the-White-site-at-Marina-View.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vn3","jetpack-related-posts":[{"id":100762,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-launches-three-sites-yielding-700-ecs-over-1300-private-condos\/","url_meta":{"origin":120593,"position":0},"title":"Govt launches three sites yielding 700 ECs, over 1,300 private condos","date":"November 1, 2018","format":false,"excerpt":"\r Aerial view of the white site at Marina View. (Photo: URA) The government released for sale on Wednesday (31 Oct) two confirmed list sites and one reserve list plot that can collectively yield 540 hotel rooms and slightly over 2,000 residential units. In particular, the Housing and Development Board\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122149,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/marina-view-white-site-attracts-one-bid\/","url_meta":{"origin":120593,"position":1},"title":"Marina View white site attracts one bid","date":"September 22, 2021","format":false,"excerpt":"\r Analysts attributed the lacklustre interest to the high price of the land and uncertainties over the CBD office and hotel sectors.\u00a0 The tender for the white site at Marina View closed on Tuesday (21 September), with Boulevard View emerging as the sole bidder for the 99-year leasehold site. In\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/09\/URA-launches-tender-for-the-White-site-at-Marina-View.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":24366,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/marina-bay-white-site-launched-for-sale\/","url_meta":{"origin":120593,"position":2},"title":"Marina Bay white site launched for sale","date":"August 30, 2016","format":false,"excerpt":"\r Map showing the location of the white site. Source: URA A 1.1ha white site along Central Boulevard in Marina Bay was launched for sale by the Urban Redevelopment Authority (URA) on Tuesday (30 August), after a Chinese developer reportedly triggered its release earlier this month. Although the identity of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/08\/Aerial-view-of-Central-Boulevard-site-1.jpg?fit=510%2C732&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":22698,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/highly-anticipated-white-site-in-marina-bay-triggered-for-sale\/","url_meta":{"origin":120593,"position":3},"title":"Highly anticipated white site in Marina Bay triggered for sale","date":"August 12, 2016","format":false,"excerpt":"\r Map showing the location of the white site. Source: URA A white site within the Marina Bay area that was on the reserve list of the second half 2016 Government Land Sales (GLS) Programme has been triggered for sale, after an unnamed developer committed to a minimum bid of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/08\/Aerial-view-of-Central-Boulevard-site.jpg?fit=510%2C732&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":107640,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-bernam-street-site-for-sale\/","url_meta":{"origin":120593,"position":4},"title":"URA launches Bernam Street site for sale","date":"May 31, 2019","format":false,"excerpt":"\r With an area of 3,846.2 sq m, the 99-year leasehold site has a maximum gross floor area of 28,001 sq m.\u00a0 A residential with commercial at first storey site at Bernam Street was launched for sale on Thursday (30 May) under the confirmed list of the first half 2019\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122310,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/three-residential-sites-at-lentor-hills-road-jalan-tembusu-released-for-sale\/","url_meta":{"origin":120593,"position":5},"title":"Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale","date":"October 1, 2021","format":false,"excerpt":"\r Three residential sites at Lentor Hills Road, Jalan Tembusu released for saleThree residential sites located at Lentor Hills Road (Parcels A and B) and Jalan Tembusu have been released for sale under the second half 2021 Government Land Sales (GLS) programme, revealed the Urban Redevelopment Authority (URA) on Thursday\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/lentor-gls-1-oct.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/120593"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=120593"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/120593\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/120594"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=120593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=120593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=120593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}