The first white site at Marina View has been awarded to MPG Berth, a joint venture involving Macquarie Global Property Advisors. MPG Berth submitted the top bid of more than S$2 billion for the 10,238.4 square metre site.
This works out to more than S$1,400 per square foot per plot ratio.
According to one estimate, the site may yield more than 1.1 million square feet of net lettable office space.
A second white site at the Marina View area has also been placed for tender. - CNA/ch
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