{"id":24366,"date":"2016-08-30T12:53:14","date_gmt":"2016-08-30T05:53:14","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/marina-bay-white-site-launched-for-sale\/"},"modified":"2016-08-30T13:25:03","modified_gmt":"2016-08-30T06:25:03","slug":"marina-bay-white-site-launched-for-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/marina-bay-white-site-launched-for-sale\/","title":{"rendered":"Marina Bay white site launched for sale"},"content":{"rendered":"


\nMap showing the location of the white site. Source: URA
\nA 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.
\nAlthough the identity of the applicant was not revealed, The Business Times reported that Nanshan Group was the party that submitted the minimum bid of $1.536 billion for the plum site, which was deemed acceptable to the government. This translates to about $1,010 psf per plot ratio (psf ppr).
\nOffered on a 99-year lease, the site has a maximum permissible gross floor area (GFA) of 141,294 sq m. Approximately 70 percent (100,000 sq m of the GFA) will be reserved for office development, while the remaining GFA can be set aside for hotel, serviced apartment or residential uses.
\nSituated opposite Lau Pa Sat food centre, the future development will be connected to One Raffles Quay and Marina Bay Financial Centre (MBFC) via underground and overhead pedestrian links. It will also be linked to the Downtown and Raffles Place MRT stations, as well as the future Shenton Way station.
\nDespite the mind-boggling price set for the site, it is not the most expensive offer by far for the area. The record price currently stands at $2.02 billion ($1,409 psf ppr) for the Marina View land parcel A where Asia Square Tower 1 stands, which was netted in 2007 by private equity real estate firm MGPA.
\nMeanwhile, a consortium comprising Keppel Land, Cheung Kong and Hongkong Land paid $1.9 billion ($381 psf ppr) for the 3.55ha MBFC site more than a decade ago. Completed in 2013, the massive development features nearly three million sq ft of Grade-A office space, 649 luxury apartments and 179,000 sq ft of retail space.
\nMeanwhile, the tender for the white site at Central Boulevard will close on 8 November. Any tender less than $1.536 billion will not be considered, said the URA.
\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…Marina Bay white site launched for sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Map showing the location of the white site. Source: URA A 1.1ha white site along...<\/p>\n","protected":false},"author":1,"featured_media":24367,"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-24366","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-1.jpg?fit=510%2C732&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-6l0","jetpack-related-posts":[{"id":120593,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/white-site-at-marina-view-launched-for-sale\/","url_meta":{"origin":24366,"position":0},"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":22698,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/highly-anticipated-white-site-in-marina-bay-triggered-for-sale\/","url_meta":{"origin":24366,"position":1},"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":79272,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-awards-3-housing-sites-for-728-55m\/","url_meta":{"origin":24366,"position":2},"title":"URA awards 3 housing sites for $728.55m","date":"February 8, 2018","format":false,"excerpt":"\r The land parcel in West Coast Vale was awarded to a subsidiary of CDL for $472.4 million. (Photo: URA) The Urban Redevelopment Authority (URA) announced on Wednesday (7 February) that it has successfully sold three residential sites for a total of $728.55 million. In particular, the approximately 210,881 sq\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":24366,"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":100762,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-launches-three-sites-yielding-700-ecs-over-1300-private-condos\/","url_meta":{"origin":24366,"position":4},"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":122310,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/three-residential-sites-at-lentor-hills-road-jalan-tembusu-released-for-sale\/","url_meta":{"origin":24366,"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\/24366"}],"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=24366"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/24366\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/24367"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=24366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=24366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=24366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}