New project announcement: What to expect from a mixed-use development on Marina View's GLS area?.
New Launch Condo Singapore news: The Urban Redevelopment Authority (URA) awarded Marina View's 7,817.6 square meter white land to Boulevard View Pte Ltd on September 29, 2021 within three months of its launch on June 28, 2021.
New Launch Condos offers bidding for the 99-year Marina View site ended with just one bid, at $1.508 billion - just $101 more than the initial price Boulevard View Pte Ltd had originally secured when it signed up to Marina View was liberated from the government's reserve land fund.
White grounds like Marina View are versatile parcels of land that can be used for commercial, hospitality, residential and recreational purposes, or a combination of both or more. Example: Residential, Office, Shop, Hotel, Serviced apartment, Recreation Club, Association, Convention/Exhibition Center, Entertainment.
This New Launch Condo site is intended to be developed for mixed use and is expected to offer 905 private homes, 540 hotel rooms and a wide range of entertainment and entertainment options (within 2,000 square meters of total commercial space). commercial) by 2028. URA has specified a seven-year project completion time for the site, longer than the usual five years for a typical residential development site.
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Expectations remain high for the upcoming condo launch at the whites location. A wholly owned subsidiary of Malaysia's IOI Properties Group, Boulevard View Pte Ltd is no stranger to the Marina View area. At the end of 2016, it acquired the white ground of Central Avenue for $2.57 billion or $1,689 psf ppr, to develop it into a Grade A office space with lifestyle amenities. , will certainly help them develop a residential base that facilitates working life.
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