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Sign in Sign up for a FREE subscriptionIOI Properties submits $1.1b bid for Marina View site in Singapore
IOI Properties Group has submitted a $1.1 billion bid for a mixed-use hotel and residential site near Singapore’s Marina Bay to Urban Redevelopment Authority (URA).
“This is not an announcement of tender award,” the URA said in a statement. “A decision on the award of the tender will be made after the bid has been evaluated. This will be publicized at a later date.”
The site totals 7,817 square meters (84,141 square feet), with permits to build 101,629 square meters (1.1 million square feet) of mixed-use space. Forbes reported about 51,000 square meters will be allocated for residential use and 26,000 square meters will be used for a hotel, while the rest can be used for office spac