Singapore - 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 - which works out to S$1,010 per square foot per plot ratio (psf ppr) for the white site - which has to be developed into a predominantly office project.
Tagged in:
Asia Square Tower
Business and life-style hub in CBD
Central Business District CBD
Downtown Financial District Singapore
Downtown MRT Station
High quality supply of grade A offices
Marina Bay Interchange MRT Station
Marina Financial District
Mixed development site in Central Boulevard
New Development in Central Boulevard
Raffles Place Interchange MRT Station
Raffles Quay
Shenton Way MRT Station
Upcoming Waterfront City