IOI – Central Boulevard White Site Development – Singapore - Project Profile
"IOI – Central Boulevard White Site Development – Singapore - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
The "IOI – Central Boulevard White Site Development – Singapore - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.
IOI Group, through Wealthy Link Pte Ltd is planning to undertake the white site development in Central Boulevard, Singapore.
The project involves the construction of an office complex on 1.1ha of land comprising two office towers of 1,17,058m2 leasable space and a small retail podium of 27,87m2 area.
On August 12, 2016, URA accepted application from Nanshan Group to develop the project; however on August 30, 2016, the Urban Redevelopment Authority (URA), as the Government’s land sales agent issued a public tender to develop the project with November 8, 2016 as the submission deadline.
Seven companies including Wealthy Link Pte Ltd a unit of IOI group; Mapletree Trustee Pte. Ltd; Nanshan Group (NSG Real Estate, NSG Hotels and NSG Land); Marina Central Development Pte. Ltd; Crescendo One Pte. Ltd; Yanlord Commercial Property Investment Pte. Ltd; and a JV of OUE Limited, Guangzhou R&F Properties Co.,and Tang City Properties Pte Ltd have submitted the bids; whereas Wealthy Link Pte Ltd coated the highest bid worth US$1,816 million.
On November 11, 2016, Wealthy Link Pte Ltd, a subsidiary of IOI Group was appointed as developer for the project on a 99-year lease basis.
On June 12, 2017, IOI and Hongkong Land signed a Memorandum of Agreement to jointly develop and manage the project. Subject to certain regulatory and other approvals, IOI will hold 67% of the joint-venture company and Hongkong Land will hold 33%.
The project involves the construction of an office complex on 1.1ha of land comprising two office towers of 1,17,058m2 leasable space and a small retail podium of 27,87m2 area in Central Boulevard, Singapore.
The US$2,600 million project includes the following:
1. Construction of retail facilities
3. Construction of commercial facilities
4. Construction of a parking facility
5. Construction of other related facilities
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