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IOI Properties announces subsidiary s successful bid to buy Singapore s Marina View tract

IOI Properties Group Bhd's wholly-owned subsidiary Boulevard View Pte Ltd has won a bid to buy an estimated 0.78ha leasehold land known as the White site at Singapore’s Marina View enclave for S$1.508 billion (approximately RM4.68 billion) under the country's Urban Redevelopment Authority's (URA) invitation to tender which saw Boulevard View becoming the sole bidder.

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Marina View site awarded to Malaysia s IOI Properties for $1 508 billion

Marina View site awarded to Malaysia s IOI Properties for $1 508 billion
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CEKD, Scientex, Astro, TM, IOI Properties, Sapura Energy, FGV, Green Packet, Widad, Notion VTec, Karex, Gamuda and Berjaya Corp

CEKD, Scientex, Astro, TM, IOI Properties, Sapura Energy, FGV, Green Packet, Widad, Notion VTec, Karex, Gamuda and Berjaya Corp
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Trading ideas: Sedania, IOI Properties Rhone Ma, Vizione, SCIB

Trading ideas: Sedania, IOI Properties Rhone Ma, Vizione, SCIB
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IOI Properties subsidiary is sole bidder after offering over RM4b to buy Singapore s Marina View tract

IOI Properties Group Bhd’s wholly-owned subsidiary Boulevard View Pte Ltd submitted a S$1.508 billion (approximately RM4.68 billion) bid to buy an estimated 0.78ha (7,817.6 square metres) leasehold land known as the White site at Singapore’s Marina View enclave under the country's Urban Redevelopment Authority's (URA) invitation to tender which saw Boulevard View becoming the sole bidder.

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