IOI and Hongkong Land to jointly develop Central Boulevard site

Singapore

MALAYSIA-listed IOI Properties is linking up with Hongkong Land for the development and management of a white site in Central Boulevard in Singapore.

A memorandum of agreement was signed on Monday between the two real estate-focused groups for the joint development of this site IOI won through a record bid last November.

The prime land parcel, which measures about 1.1 hectares, is located next to One Raffles Quay and close to Marina Bay Financial Centre.

A joint press release of the two groups said that the development envisaged for the site comprises two office towers of about 1.26 million square feet of leasable space and a small r…