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IOI places record bid of $2.57 billion for Marina Bay site

9/17/2017

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"Malaysia's IOI Properties Group has blown away rivals with a $2.57 billion bid in a hotly contested tender for a mixed-use Marina Bay site. It was almost $362 million, or 16.4 per cent, above the second-highest bid by Mapletree."

A version of this article appeared in the print edition of The Straits Times on November 09, 2016, with the headline 'IOI places record bid of $2.57 billion for Marina Bay site'
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