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.
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:
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.
| SN | Location | Site Area (ha) | Proposed GPR | Est. Residential Units | Est. Commercial Space | Est. Launch Date | Sales Agent |
|---|---|---|---|---|---|---|---|
| Confirmed List | |||||||
| Residential Sites | |||||||
| 1 | Tampines St 95 EC | 2.25 | 2.5 | 560 | 0 | Aug-2024 | HDB |
| 2 | Faber Walk (2)(3) | 2.58 | 1.4 | 400 | 0 | Sep-2024 | URA |
| 3 | Lentor Gardens (4) | 2.06 | 2.1 | 500 | 0 | Oct-2024 | URA |
| 4 | River Valley Green (Parcel B) (5) | 1.17 | 3.5 | 580 | 500 sqm | Oct-2024 | URA |
| 5 | Bayshore Road | 1.05 | 4.2 | 515 | 0 | Nov-2024 | URA |
| 6 | Media Circle (Parcel A) (2)(6) | 0.81 | 3.7 | 345 | 400 sqm | Nov-2024 | URA |
| 7 | Media Circle (Parcel B) (2)(6) | 0.97 | 4.3 | 485 | 400 sqm | Nov-2024 | URA |
| 8 | Chuan Grove (2)(7) | 1.58 | 3.0 | 550 | 0 | Dec-2024 | URA |
| 9 | Holland Link (2)(8) | 1.72 | 1.4 | 240 | 0 | Dec-2024 | URA |
| Commercial & Residential Sites | |||||||
| 10 | Chencharu Close (2)(9) | 2.94 | 3.2 | 875 | 13,000 sqm | Sep-2024 | HDB |
| Total (Confirmed List) | 5,050 | 14,300 sqm | |||||
| SN | Location | Site Area (ha) | Proposed GPR | Est. Residential Units | Est. No. of Hotel Rooms | Est. Commercial Space | Est. Available Date | Sales Agent |
|---|---|---|---|---|---|---|---|---|
| Reserve List | ||||||||
| Residential Sites | ||||||||
| 1 | Senja Close (EC) (7) | 1.01 | 3.0 | 295 | 0 | 0 | Available | HDB |
| 2 | Marina Gardens Lane (2) | 0.61 | 5.6 | 400 | 0 | 0 | Oct-2024 | URA |
| 3 | Woodlands Drive 17 (EC) (2) | 2.58 | 1.7 | 435 | 0 | 0 | Oct-2024 | HDB |
| 4 | Holland Plain (2)(10) | 1.58 | 1.8 | 275 | 0 | 0 | Dec-2024 | URA |
| 5 | River Valley Green (Parcel C) (2) | 1.15 | 3.5 | 470 | 0 | 0 | Dec-2024 | URA |
| Commercial Sites | ||||||||
| 6 | Punggol Walk (11) | 1.00 | 1.4 | 0 | 0 | 13,350 sqm | Available | URA |
| White Sites | ||||||||
| 7 | Marina Gardens Crescent (12) | 1.73 | 4.2 | 775 | 0 | 6,000 sqm | Available | URA |
| 8 | Woodlands Ave 2 (13) | 2.75 | 4.2 | 440 | 0 | 78,000 sqm | Available | URA |
| Hotel Sites | ||||||||
| 9 | River Valley Road (14) | 1.02 | 2.8 | 0 | 530 | 2,000 sqm | Available | URA |
| Total (Reserve List) | 3,090 | 530 | 99,350 sqm | |||||
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.
