It seems Media Circle Parcel B won’t be doing much for the government coffers, with zero bids received. A GLS site failing to draw interest is a rare (though increasingly less uncommon) outcome. This time, the afflicted area is in the tech and media hub of One-North, the same neighbourhood where we recently saw the launch of Bloomsbury Residences. This raises the question as to why bids are limited when One-North is meant to be an up-and-coming hub. Let’s take a look: About Media Circle (Parcel B) This is a 99-year leasehold site in One-North. It’s about 107,936 sq. ft. (Gross Floor Area or GFA of 464,129 sq. ft.) and was zoned for private residential and commercial use, with commercial on the first storey. It’s estimated that, had the site been developed, it would have yielded around 500 private homes. Note that this site is just across the road from Bloomsbury Residences, a recent launch....