The Marina Gardens Crescent land plot was announced on 8 Dec 2022 as part of the 1H2023 GLS (Government Land Sales) Programme.
This land plot is a White Site, located strategically right beside Marina South MRT Station, part of the Thomson East Coast Line.
(Read more about White Sites here)
Occupying a land area of 186,215 sqft, the site can yield 775 condo units.
8 Feb 2024
IN A widely watched Government Land Sales (GLS) tender, the sole bid for a 99-year leasehold plot in Marina Gardens Crescent has been rejected as “too low”, so the site was not awarded.
“The sole bid submitted by GuocoLand (Singapore), Intrepid Investments and TID Residential is assessed to be too low,” the Urban Redevelopment Authority (URA) said on Thursday (Feb 8).
The white site in Marina South, designated for residential and commercial development, fetched just one bid of nearly S$770.5 million or S$984 per square foot per plot ratio (psf ppr) at a tender that closed on Jan 18.
The URA’s decision, which came after a longer-than-usual wait for an official tender result, did not surprise market watchers.
8 Feb 2024
THE Urban Redevelopment Authority (URA) has rejected the sole bid for the 99-year leasehold Marina Gardens Crescent site, assessing the bid price to be too low.
The site, launched for sale under the confirmed list of the Government Land Sales (GLS) Programme for the first half of 2023, will now be made available on the reserve list of the H1 2024 GLS Programme. Developers can submit applications for the sale of the site, with a minimum price that is acceptable to the government.
Located next to Marina South MRT station, the Marina Gardens Crescent plot can be used for residential and commercial development. It has a maximum gross floor area of nearly 783,000 square feet, and can generate about 775 private homes.
8 Feb 2024
The Urban Redevelopment Authority (URA) closed the tender for the Government Land Sales sites at Media Circle and Marina Gardens Crescent on 18 January 2024.
The tender for the site at Marina Gardens Crescent has not been awarded, as the sole bid submitted by GuocoLand (Singapore) Pte. Ltd., Intrepid Investments Pte. Ltd. and TID Residential Pte. Ltd. is assessed to be too low. The site will now be made available on the Reserve List of the first half 2024 Government Land Sales Programme, to allow interested tenderers to submit applications for the sale of the site with a minimum price that is acceptable to the government.
| Site Location (1) | Marina Gardens Crescent |
| Site Area | Plot 1: 17,319.2 m2 Plot 2: 5,410.5 m2 Plot 3 (2) : 82.7 m2 Plot 4 (2) : 46.5 m2 |
| Land Use Zoning / Allowable Development | Plot 1: White Plot 2: Open Space Development with a mix of residential and commercial uses |
| Maximum Gross Floor Area (GFA) | 72,741 m2 |
| Maximum Building Height (3) | High-rise zone: 164m SHD Mid-rise zone: 73.5m - 130m SHD Low-rise zone: 4-storeys |
| Estimated Number of Housing Units (4) | 775 units |
| Lease Period | 99 years |
(1) Marina Gardens Crescent
(2) Areas for Plot 3 and Plot 4 refer to horizontal cross-sectional areas of subterranean space.
(3) Building Height is based on Singapore Height Datum (SHD).
(4) Actual number of housing units provided by the developer may vary.
18 Jan 2024
A SITE in Marina Gardens Crescent to be developed into a mixed-use residential and commercial project drew just one bid at a state tender that closed on Thursday (Jan 18).
The bid came from a consortium comprising GuocoLand, Intrepid Investments and TID Residential, which bid nearly S$770.5 million or S$984 per square foot per plot ratio (psf ppr).
Intrepid Investments’ parent company is Hong Leong Holdings. TID Residential is held by Hong Leong Holdings and Mitsui Fudosan.
Market watchers note that in contrast to the latest tender outcome, a neighbouring site in Marina Gardens Lane drew four bids in a state tender that closed in June last year. The top bid, from Kingsford Group, was S$1.03 billion or about S$1,402 psf ppr. The site is zoned for residential use, with commercial space on the first storey.
The Marina Gardens Crescent site is zoned for “white” use and can be developed to a maximum gross floor area (GFA) of nearly 783,000 sq ft. The site can generate an estimated 775 residential units. The successful bidder is required to build an early-childhood development centre on the site.
18 Jan 2024
The Urban Redevelopment Authority (URA) closed the tender for the two sites at Marina Gardens Crescent and Media Circle today.
The public tender for the two sites at Marina Gardens Crescent and Media Circle was launched on 30 June 2023.
ALLOWABLE DEVELOPMENT : WHITE SITE (DEVELOPMENT WITH A MIX OF RESIDENTIAL AND COMMERCIAL USES)
SITE AREA : 17,319.2 m²
MAXIMUM PERMISSIBLE GFA : 72,741 m²
DATE OF LAUNCH : 30 JUNE 2023
DATE TENDER CLOSED : 18 JANUARY 2024
LEASE PERIOD : 99 YEARS
| RANKING | NAME OF TENDERER | TENDERED SALE PRICE ($) | TENDERED SALE PRICE IN $PSM OF GFA | TENDERED SALE PRICE IN $PSF OF GFA |
|---|---|---|---|---|
| 1 | GuocoLand (Singapore) Pte. Ltd., Intrepid Investments Pte. Ltd. and TID Residential Pte. Ltd | 770,456,256.00 | 10,591.77 | 984 |
A number of new launches are expected in the CBD and Marina South area, including:
The Marina Gardens Crescent site was announced on 8 Dec 2022 as part of the Confirmed List within the 1H2023 GLS (Government Land Sales) Programme.
(Read more : Release of first half of 2023 Government Land Sales (GLS) Programme 8 Dec 2022)
This is a much sought after White Site, which offers Developers the greatest flexibility in determining the mix of uses for the land plot, which can include a combination of Residential, Commercial and Hotel.
The site occupies a large area of 186,215 sqft, and can yield an estimated 775 units.
This land plot is the second GLS land to be released within the upcoming Marina South region, after the Marina Gardens Lane GLS plot, which was officially launched for Developer tender in Dec 2022.
The land plot is also directly beside Marina South MRT Station along the Thomson East Coast Line, which offers future residents unparalleled convenience.
Marina South overlooks the Marina Reservoir and the Straits of Singapore. Home to national attractions such as Gardens by the Bay, Marina Barrage and the future Marina South Coastal Park, as well as the upcoming Marina South mixed-use residential neighbourhood, it is envisioned as an attractive, sustainable and community-centric district. These Urban Design guidelines focus on creating a sustainable 10-minute district that is characterised by lushly-landscaped, well-connected, pedestrian and cyclist-friendly streets, and a lively and inclusive public realm, with amenities within easy reach for both residents and visitors alike.
Set amid lush gardens, Marina South, which borders the southern coast seeks to redefine city living as a forward-looking, convivial mixed-use neighbourhood. Imagine a neighbourhood next to Marina Bay and the Central Business District (CBD) that is:
Being a greenfield site, Marina South presents a unique opportunity to champion sustainable living from the start. The precinct has been planned based on the Building and Construction Authority (BCA)’s Green Mark (GM) for Districts framework – Platinum rating. Developments in Marina South are to also attain the accreditation of GM Platinum Super Low Energy (SLE), as well as Maintainability, Whole of Life Carbon and Health and Wellbeing badges. A district planned to harness the prevailing winds, Marina South presents itself as a cool green and blue oasis.
Marina South is well connected to Marina Bay, the CBD and the rest of Singapore via public transit and major roads. Two stations along the Thomson East-Coast (TEL) Mass Rapid Transit (MRT) rail line serve the area. Planned as a car-lite district, it is a self-sufficient neighbourhood with amenities and key recreational facilities planned within an easy 10-minute walk via leafy streets and a comprehensive cycling network. Together with a wide array of public spaces, from a buzzy pedestrian mall to a convivial neighbourhood street, Marina South is set to provide a welcoming experience to residents and visitors alike.
The urban design guide aims to guide the physical development of the area to ensure that individual buildings contribute to the planning vision to create an attractive, sustainable and community-centric district.
White Sites as marked out by URA, are areas used or intended to be used mainly for commercial, hotel,
residential, sports & recreational and other compatible uses, or a combination of two or more such uses as a mixed development.
The White Site can be developed into any one or more of the following uses:
See here for more information on Master Plan Zoning