IOI Prop wins RM4.7bil tender for S’pore land

In a filing with Bursa Malaysia, the group said the parcel of leasehold land, successfully tendered by its wholly owned subsidiary Boulevard View Pte Ltd, measured 7,817.6 sq m (0.78 ha).

KUALA LUMPUR: IOI Properties Group Bhd’s unit has successfully tendered for a piece of land at Marina View, Singapore, for S$1.51bil (RM4.68bil) from the Urban Redevelopment Authority (URA).

In a filing with Bursa Malaysia, the group said the parcel of leasehold land, successfully tendered by its wholly owned subsidiary Boulevard View Pte Ltd, measured 7,817.6 sq m (0.78 ha).