Boulevard View Pte Ltd (IOI Properties)

Boulevard View developed the sleek new development nestled in downtown Marina of their urban area, Marina View. Marina View is a mixed-use development with around 905 residential units and 540 rooms for hotels surrounded mainly by retail, restaurant and beverage use.

IOI Properties GLS Mixed Development Land Site In Marina View

Malaysian developer IOI Properties Group emerged as a single bidder and winner at a government land sale tender.

For the Marina View “white site”, which can be used for a range of purposes, including commercial and retail residential, IOI put in a bid of $1.508 billion ($1.1 billion) — the reserve price — and no other competing bids came Forth from anyone else. The site just south of the Asia Square Complex is expected to bring together residential and hotel space with retail and office elements, despite the recent flare up in luxury home interest.

The land parcel at Shenton Lane and Union Street has an area of 0.78 hectares (1.9 acres) that can generate 1,093,925 square feet (101,264 square meters) of net floor area needed for commercial or industrial premises.

Under the CBD’s Implementation Incentive Scheme in Singapore, courted by city planners specifically to provide more appeal to developers, an initial plot will sit adjacent some of the most expensive office properties in the region.

The site currently features plans for a linear park that is actually part of what city leaders see as the “green spine” linking the Marina Bay Waterfront.