IOI Properties said to have triggered Marina View plot

Singapore

AN ENTITY linked to IOI Properties Group has been tipped as the party that triggered the white site in Marina View from the reserve list of the first-half 2021 Government Land Sales Programme.

The 0.78-hectare (about 84,000 sq ft) site, with 99-year leasehold tenure, can be developed up to 1.09 million square feet (sq ft) of gross floor area (GFA). The plot can generate some 905 private homes, 540 hotel rooms and 21,528 sq ft GFA of commercial space.