Who will win the Marina View white site?

ON Monday, the Urban Redevelopment Authority launched the tender for a white site in Marina View that can generate about 905 private homes and 540 hotel rooms, as well as up to 2,000 square metres (21,528 sq ft) of office space and 2,000 sq m of space for other commercial uses (including retail and F&B).

This follows the government's announcement on June 10 that the 99-year leasehold site had been triggered from the reserve list of the first-half 2021 Government Land Sales Programme following a successful application from an unnamed developer that has committed to bid at least S$1.508 billion or S$1,379 per square foot per plot ratio (psf ppr) at tender.

BT reported on June 18 that an entity linked to Bursa Malaysia-listed IOI Properties Group has been tipped as the party that triggered the site.