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Chinese developer said to have triggered Central Blvd site

It has undertaken to bid at least S$1.536b or S$1,010 psf ppr for the predominantly office site

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PLUM SITE: "The winning bidder may be driven by the desire to make a statement by building a trophy commercial development on a landmark island site in the Marina Bay CBD - and not motivated purely by financial returns," said CBRE's Mr Lake.

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