Marina View GLS site gets just one bid of $101 above $1.508b minimum price from IOI Properties Group

September 21, 2021 9:18 PM

SINGAPORE – The public tender for a plum site in Marina View closed on Tuesday (Sept 21) with just one bid, as developers turned cautious due to its hefty land and development costs and uncertainty over the CBD office and hotel sectors, analysts say.

Source : http://www.straitstimes.com/business/property/marina-view-gls-site-gets-just-one-bid-of-101-above-1508b-minimum-price-from-ioi