Nanshan said to be party that triggered tender for Central Boulevard site

Singapore

MARKET talk has it that it is Nanshan Group that has triggered the recent release of the Central Boulevard white site on the government reserve list.

The Chinese group, which entered the Singapore property market just a few years ago, is now said to be looking for partners to form a consortium to bid for the 1.1-hectare site next to Asia Square Tower 1 when it is launched for public tender.

Forming a consortium would enable the group to reduce risks and submit a more aggressive bid, boosting its chances of clinching the site, say observers.

To comprise mostly o…