20 Aug '16, 6am

The MUCH anticipated site SG CBD!! Who triggered tender for Central Boulevard site?

Nanshan Group has triggered the recent release of the Central Boulevard white site on the government reserve list. The Chinese group, which entered the Singapore property market just a few years ago, is now said to be looking for partners to form a consortium to bid for the 1.1-hectare site next to Asia Square Tower 1 when it is launched for public tender. Forming a consortium would enable the group to reduce risks and submit a more aggressive bid, boosting its chances of clinching the site, say observers. To comprise mostly offices, the future project on the site is expected to have a potential gross development value of S$3.5 billion or more, said property consultants. The Urban Redevelopment Authority (URA) said last Friday that it will launch the tender for the site this month; the tender is expected to close around 10 weeks later. In announcing that the site had been ...

Full article: http://www.srx.com.sg/singapore-property-news/22732/who-t...

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