Marina Bay site attracts record bid of $2.6b

It exceeds price set for Asia Square plot in 2007.

The first sale of land in Singapore's Marina Bay in nine years generated healthy bidding from developers, with a plot in the sought-after financial district attracting a top bid of S$2.6 billion ($1.9 billion).

The offer price, equivalent to S$1,689 per square foot of gross floor area, is a record for a Singapore government land sale, exceeding the earlier highest price set in 2007 when the Asia Square Tower 1 site was sold for S$1,409 per square foot, according to CBRE Group Inc.

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