[Levin]

Grace Leong
Senior Business Correspondent
PUBLISHED 10 HOURS AGO


SINGAPORE - The public tender for a plum site in Marina View closed on Tuesday (Sept 21) with just one bid, as developers turned cautious due to its hefty land and development costs and uncertainty over office and hotel sectors in the Central Business District (CBD), analysts say.

Boulevard View put in a bid price of $1,508,000,101, just $101 above the $1.508 billion minimum price that triggered the tender launch. That works out to $1,379 per sq ft per plot ratio (psf ppr) - which many analysts noted was “on the low side”.


https://www.straitstimes.com/business/pr...e-from-ioi

[pervertosan]

wow…..really negative outlook with no interest in such prime land

[NoActionTalkOnly]

One bid is better than no bid?

Those in the know may not have bid?

The one in the know may have bid

[NoActionTalkOnly]

On weekends and at night the possibility of ghost town effect is possible, so foodcourt and shopping and supermarket likely dead quiet location wise plus Covid control measures what do you think?

So one bid is better than no bid?