Central Boulevard siteThe Urban Redevelopment Authority (URA) has launched the sale of 1.1ha white site located in Marina Bay along Central Boulevard on 30 August, after the site was reportedly triggered by Chinese developer to release earlier this month.

Although the applicant’s identity was not revealed yet, the report stated that Nanshan Group was the company that submitted the $1.536 billion or about $1,010 psf ppr minimum bid for the plum site, by which the government consider it acceptable.

The 99-year lease site has a maximum permissible GFA of 141,294 sq m. More or less 70% or 100,000 sq m of the GFA will be allotted for office development, and the remaining GFA can be reserved for hotel, residential or serviced apartment uses.

Situated next to Lau Pa Sat food centre and close to Marina Bay Suites, this upcoming development will be connected via underground and overhead pedestrian links to Marina Bay Financial Centre (MBFC) and One Raffles Quay. It will also be connected to Raffles Place MRT stations and future Shenton Way station.

According to URA, any tender below $1.536 billion will not be considered. Tender for Marina Bay white site will end on 8 November.