Raffles Quay / Marina Boulevard

Awarded

White Site (Commercial / Hotel / Residential) Underground Pedestrian Mall with activity-generating uses.. URA sale site, built as One Raffles Quay.

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[ Award ]

S$461,816,800

S$3,125.24 psm GFA, about S$290 psf ppr (derived). Awarded 16 March 2001 to Boulevard Development Pte Ltd, parent: IOI Corporation Berhad, Comina Investment Limited & Freyland Pte Ltd.

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Raffles Quay / Marina Boulevard	White Site (Commercial / Hotel / Residential) Underground Pedestrian Mall with activity-generating uses.	11,366.9 m²	147,770 m²	Boulevard Development Pte Ltd, parent: IOI Corporation Berhad, Comina Investment Limited & Freyland Pte Ltd	S$461,816,800(S$3,125.24)

[ The one tender received ]

As listed at the close of 13 March 2001 (ura-list-2000-raffles-quay-marina-boulevard-close), with the outcome the award of 16 March 2001 gave each.

Rank	Tenderer	Tendered price	S$ psm GFA	S$ psf ppr (derived)	Outcome
1	Boulevard Development Pte Ltd, parent: IOI Corporation Berhad, Comina Investment Limited & Freyland Pte Ltd	S$461,816,800	S$3,125.24	S$290	Awarded

Press releases, latest first

Each card is one release on its own date, with its text folded beneath. The latest is first and open.

16 March 2001

Awarded

Raffles Quay / Marina Boulevard: awarded to Boulevard Development Pte Ltd, Comina Investment Limited & Freyland Pte Ltd, as URA's list of vacant sites sold dates it

Dated as the agency’s list of sites sold prints it (URA Vacant Sites (online version)). The list is the source; no release of this date is on record.

Awarded to

Boulevard Development Pte Ltd, parent: IOI Corporation Berhad, Comina Investment Limited & Freyland Pte Ltd, S$461,816,800 (S$3,125.24 psm GFA, about S$290 psf ppr).

Source: URA Vacant Sites (online version) (Prevo reference ura-list-vacant-sites-sold)

13 March 2001

Tender closed

Raffles Quay / Marina Boulevard: tender closed with 2 bids, as URA's list of vacant sites sold dates it

Dated as the agency’s list of sites sold prints it (URA Vacant Sites (online version)). The list is the source; no release of this date is on record.

1 bid disclosed

Highest S$461,816,800 (S$3,125.24 psm GFA) from Boulevard Development Pte Ltd, parent: IOI Corporation Berhad, Comina Investment Limited & Freyland Pte Ltd.

Source: URA Vacant Sites (online version) (Prevo reference ura-list-vacant-sites-sold)

21 November 2000

Launched for tender

Raffles Quay / Marina Boulevard: launched for tender, as URA's list of vacant sites sold dates it

Dated as the agency’s list of sites sold prints it (URA Vacant Sites (online version)). The list is the source; no release of this date is on record.

Source: URA Vacant Sites (online version) (Prevo reference ura-list-vacant-sites-sold)

Site facts

Selling authority: URA
Allowable development: White Site (Commercial / Hotel / Residential) Underground Pedestrian Mall with activity-generating uses.
Tenure: 99 years
Programme list: None stated; sold by tender, as ura's list records itA URA sale tender its source places on neither the Confirmed nor the Reserve List of the Government Land Sales programme. No list is inferred.The list counts 2 bids and names only the successful tenderer.[ura-list-vacant-sites-sold]
Site area: 11,366.9 sqm[ura-list-vacant-sites-sold]
Maximum GFA: 147,770 sqm[ura-list-vacant-sites-sold]
Tender conditions: Development type (list code): White Site
Planning area: Downtown Core
Facts as stated on: 21 November 2000

Sources

Agency listPublication date not recorded
URA Vacant Sites (online version)
Urban Redevelopment Authority · Retrieved 19 September 2026
Source fact · Source-backed
Original source link unavailable
Technical details
SHA-256
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Size
82,692 bytes
Format
application/vnd.openxmlformats-officedocument.spreadsheetml.sheet
Retrieved at
2026-09-19 13:27:59 UTC
Prevo reference
ura-list-vacant-sites-sold