MARINA GARDENS LANE PLOT 2 GLS

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Marina Gardens Lane Plot 2 GLS

Land Plot Announced on 25 June 2024

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DISTRICT
D1 - MARINA
UNITS
400 UNITS
PROPERTY TYPE
CONDO
TENURE
99 YEARS
LEASEHOLD

Register Interest For Marina Gardens Lane Plot 2 GLS!

The Marina Gardens Lane Plot 2 GLS land plot was announced on 25 June 2024, as part of the 2H2024 Government Land Sales (GLS) Programme.

The land plot was released into the Reserve List, which means that the land is not released for tender immediately, but made available for application instead. A site on the Reserve List will be put up for tender only when a developer has made a successful application, with a minimum price which is acceptable to the Government.

This will be the third land plot in the same area put up by the Government for sale.

Land plot announced on 25 June 2024
More details in Oct 2024
Can yield est 400 units
Located minutes walk from Marina South MRT Station

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About the Marina Gardens Lane Plot 2 GLS

The Marina Gardens Lane Plot 2 GLS land plot was announced on 25 June 2024, as part of the 2H2024 Government Land Sales (GLS) Programme, which, at 11,110 private residential units, saw the highest supply introduced in a single year since 2013.

The land plot was released into the Reserve List, which means that instead of the land being made available for tender immediately, it is made available for application instead. A site on the Reserve List will be put up for tender only when a developer has made a successful application, with a minimum price which is acceptable to the Government.

It can yield around 400 residential units, and is also located conveniently within minutes walk to Marina South MRT Station.

This now marks a total of 3 land plots in the same area:

Marina Gardens Lane Plot 2 GLS in Images and Maps

Marina Gardens Lane Plot 2 GLS Street View

PRESS COVERAGE

2024 private housing supply highest since 2013 with latest 2H2024 Government Land Sales (GLS) Programme

25 June 2024

1 The Government today announced the Government Land Sales (GLS) Programme for 2H2024, which comprises ten Confirmed List sites and nine Reserve List sites. Together, these sites can yield about 8,140 private residential units, 113,650 sqm gross floor area (GFA) of commercial space and 530 hotel rooms.

2 The Confirmed List comprises nine private residential sites (including one EC site) and one commercial & residential site, which can collectively yield about 5,050 private residential units (including 560 EC units) and 14,300 sqm GFA of commercial space. 

3 The Reserve List comprises five private residential sites (including two EC sites), one commercial site, two White sites and one hotel site. These sites can potentially yield an additional 3,090 private residential units (including 730 EC units), 99,350 sqm GFA of commercial space and 530 hotel rooms. 

Read More

SNLocationSite
Area (ha)
Proposed
GPR
Est.
Residential
Units
Est.
Commercial
Space
Est. Launch
Date
Sales
Agent
Confirmed List
Residential Sites
1Tampines St 95 EC2.252.55600Aug-2024HDB
2Faber Walk (2)(3)2.581.44000Sep-2024URA
3Lentor Gardens (4)2.062.15000Oct-2024URA
4River Valley Green (Parcel B) (5)1.173.5580500 sqmOct-2024URA
5Bayshore Road1.054.25150Nov-2024URA
6Media Circle (Parcel A) (2)(6)0.813.7345400 sqmNov-2024URA
7Media Circle (Parcel B) (2)(6)0.974.3485400 sqmNov-2024URA
8Chuan Grove (2)(7)1.583.05500Dec-2024URA
9Holland Link (2)(8)1.721.42400Dec-2024URA
Commercial & Residential Sites
10Chencharu Close (2)(9)2.943.287513,000 sqmSep-2024HDB
Total (Confirmed List)5,05014,300 sqm
SNLocationSite
Area (ha)
Proposed
GPR
Est.
Residential
Units
Est. No. of
Hotel Rooms
Est.
Commercial
Space
Est. Available
Date
Sales
Agent
Reserve List
Residential Sites
1Senja Close (EC) (7)1.013.029500AvailableHDB
2Marina Gardens Lane (2)0.615.640000Oct-2024URA
3Woodlands Drive 17 (EC) (2)2.581.743500Oct-2024HDB
4Holland Plain (2)(10)1.581.827500Dec-2024URA
5River Valley Green (Parcel C) (2)1.153.547000Dec-2024URA
Commercial Sites
6Punggol Walk (11)1.001.40013,350 sqmAvailableURA
White Sites
7Marina Gardens Crescent (12)1.734.277506,000 sqmAvailableURA
8Woodlands Ave 2 (13)2.754.2440078,000 sqmAvailableURA
Hotel Sites
9River Valley Road (14)1.022.805302,000 sqmAvailableURA
Total (Reserve List)3,09053099,350 sqm

PRESS COVERAGE

Chencharu, Lorong Chuan, Marina South among highlights of new state land sites unveiled for sale

Confirmed list of the H2 GLS programme also features two parcels in Media Circle

25 June 2024

TEN new sites are on offer under the Government Land Sales (GLS) programme for residential housing in the second half of 2024. Six are on the confirmed list and four are on the reserve list.

The confirmed list includes two parcels in Media Circle, a Lorong Chuan site, and the first mixed-use site in the upcoming Chencharu precinct, according to details released by the Ministry of National Development (MND) on Tuesday (Jun 25).

...

The four new sites on the reserve list include two prime parcels of land in Marina Gardens Lane, River Valley Green (Parcel C), as well as an executive condominium site in Woodlands Drive 17. A site in Holland Plain, next to the Holland Link site, may also be triggered for sale if a developer makes a suitably high offer.

The Marina Gardens Lane site is “relatively attractive”, being opposite Gardens by the Bay and within walking distance of the upcoming Marina South MRT station, said PropNex’s Wong. However, the lack of schools in the Marina South area, and the prevailing additional buyer’s stamp duty measure may weigh on demand for downtown homes, she added.

Reference : Chencharu, Lorong Chuan, Marina South among highlights of new state land sites unveiled for sale, The Business Times

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