{"id":22698,"date":"2016-08-12T15:22:20","date_gmt":"2016-08-12T08:22:20","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/highly-anticipated-white-site-in-marina-bay-triggered-for-sale\/"},"modified":"2016-08-12T15:41:09","modified_gmt":"2016-08-12T08:41:09","slug":"highly-anticipated-white-site-in-marina-bay-triggered-for-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/highly-anticipated-white-site-in-marina-bay-triggered-for-sale\/","title":{"rendered":"Highly anticipated white site in Marina Bay triggered for sale"},"content":{"rendered":"


\nMap showing the location of the white site. Source: URA
\nA 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 $1.536 billion for the land parcel, revealed the Urban Redevelopment Authority (URA) on Friday, 12 August.
\nThis translates to about $1,010 per square foot per plot ratio (psf ppr). As the minimum bid price is acceptable to the government, the site will be released for public tender.
\nThe 1.1ha plot at Central Boulevard, opposite the Lau Pa Sat food centre,has a maximum permissible gross floor area (GFA) of 141,294 sq m. At least 100,000 sq m will be reserved for office use, while the remaining GFA can be for residential, retail, hotel and serviced apartments.
\nThe future project will be linked directly via underground and overhead pedestrian links to surrounding developments such as One Raffles Quay and Marina Bay Financial Centre.
\nThe site will also be connected to the adjacent Downtown MRT station, and will be near the Raffles Place and upcoming Shenton Way stations.
\n\u201cThe market has been anticipating the trigger of this prime site, despite concerns around impending supply in 2016,\u201d said Desmond Sim, Head, CBRE Research, Singapore and South East Asia.
\n\u201cWhen the new development is completed early 2020 to 2021, it will provide continuity in Singapore\u2019s office supply for the mid- to long-term.\u201d
\nThe property consultancy expects to see healthy interest for the site, with close to 10 bidders. As a result, there might be keen competition in terms of pricing.
\nThe URA will launch the public tender for the 99-year leasehold site later this month. The tender period will be about 10 weeks.
\n\u00a0
\nAerial view of the white site at Central Boulevard. Source: URA
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Highly anticipated white site in Marina Bay triggered for sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Map showing the location of the white site. Source: URA A white site within the...<\/p>\n","protected":false},"author":1,"featured_media":22699,"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-22698","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"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","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-5U6","jetpack-related-posts":[{"id":24366,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/marina-bay-white-site-launched-for-sale\/","url_meta":{"origin":22698,"position":0},"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":120593,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/white-site-at-marina-view-launched-for-sale\/","url_meta":{"origin":22698,"position":1},"title":"White site at Marina View launched for sale","date":"June 29, 2021","format":false,"excerpt":"\r The 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 The\u00a0White site at Marina View has been launched for sale, and a developer has committed to bid\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"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&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":100762,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-launches-three-sites-yielding-700-ecs-over-1300-private-condos\/","url_meta":{"origin":22698,"position":2},"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":108520,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-3-residential-sites-under-1h2019-gls-programme\/","url_meta":{"origin":22698,"position":3},"title":"URA launches 3 residential sites under 1H2019 GLS Programme","date":"June 28, 2019","format":false,"excerpt":"\r The Urban Redevelopment Authority (URA) on Thursday (27 June) released two housing sites and one residential with commercial at first storey site for sale under the first half 2019 Government Land Sales (GLS) Programme. Together, the three sites are expected to yield around 1,545 residential units. Launched for sale\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123544,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-pine-grove-sites-released-for-sale\/","url_meta":{"origin":22698,"position":4},"title":"Two Pine Grove sites released for sale","date":"December 1, 2021","format":false,"excerpt":"\r The two Pine Grove sites can potentially yield up to 1,085 units\u00a0altogether. Source: URA Two residential sites at Pine Grove (Parcels A and B) that can jointly yield up to 1,085 units have been released for sale under the reserve list of the second half 2021 Government Land Sales\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/PINE-GROVE-URA.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":101956,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bugis-gls-sites-expected-to-be-strongly-contested\/","url_meta":{"origin":22698,"position":5},"title":"Bugis GLS sites expected to be strongly contested","date":"December 3, 2018","format":false,"excerpt":"\r Aerial view of the land parcel at Middle Road. Source: URA The Urban Redevelopment Authority (URA) launched two confirmed list sites and another two reserve list plots for sale last Friday (30 Nov) under the second half 2018 Government Land Sales (GLS) programme. 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