22-09-2021, 08:08 AM
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
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