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Hongkong Land and IOI Properties to jointly develop Central Boulevard land

PC Lee Published on Mon, Jun 12, 2017 / 7:25 PM GMT+8

Credit: IOI Properties and Hongkong Land

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SINGAPORE (June 12): Hongkong Land and IOI Properties Group Berhad today signed a Memorandum of Agreement to jointly develop and manage a prime land of 1.1 hectares located within Marina Bay and the Central Business District of Singapore.

Hongkong Land is a member of the Jardine Matheson Group while IOI Properties is a leading public-listed property developer in Malaysia.

The site to be developed was a “white” site in the Government Land Sales Programme. It was awarded to IOI Properties following a tender in November 2016. The site is adjacent to One Raffles Quay, and close to Marina Bay Financial Centre. The development is expected to feature two office towers of 1.26 million sf of leasable space and a small retail podium of 30,000 sf.