Chinese developer said to have triggered Central Blvd site

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 not name the party that successfully applied for the site's release.

The applicant has undertaken to bid at least S$1.536 billion - which works out to S$1,010 per square foot per plot ratio (psf ppr) for the white site - which has to be developed into a predominantly office project.

The 1.1-hectare white site is next to Asia Square Tower 1, which was sold recently for S$3.38 billion…