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IOI Properties submits $1.1b bid for Marina View site in Singapore
Transactions - SEPTEMBER 22, 2021

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IOI Properties submits $1.1b bid for Marina View site in Singapore

by Andrea Zander

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

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