Land costs to expand IRs: S$1.3b for MBS, S$1b for RWS
Parliament told that IRs will pay fair market value for their land; additional costs will be levied for bigger gaming area
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Janice Heng
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Singapore
LAND to expand Singapore's two integrated resorts (IRs) will cost S$1.3 billion for the 3.3 hectare site for Marina Bay Sands (MBS), while Resorts World Sentosa (RWS) has set aside S$1 billion to intensify the use of its existing land and to buy around one hectare of new land.
Senior Minister of State for Trade and Industry Chee Hong Tat told Parliament on Monday: "The IRs will pay fair market value for their land, as determined by the chief valuer in accordance with market conditions and established valuation principles."
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