The Media Circle land plot was announced on 8 Dec 2022 as part of the 1H2023 GLS (Government Land Sales) Programme.
Situated within the One-North Mediapolis area, the land plot is right beside the Mediacorp Campus and is a short walk to the One-North MRT Station.
With a land area of 114,097 sqft, this land plot can yield an estimated 355 condo units.
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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 Media Circle has been awarded to the highest tenderer, CNQC Realty (Clementi) Pte. Ltd. and Forsea Residence Pte. Ltd.
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 : RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY
SITE AREA : 10,632.1 m²
MAXIMUM PERMISSIBLE GFA : 30,834 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 | CNQC Realty (Clementi) Pte. Ltd. and Forsea Residence Pte. Ltd | 395,288,889.00 | 12,819.90 | 1,191 |
| 2 | Intrepid Investments Pte. Ltd., TID Residential Pte. Ltd. and Garden Estates (Pte.) Limited | 385,000,000.00 | 12,486.22 | 1,160 |
| 3 | CEL Development Pte. Ltd. and Singhaiyi Property Development Pte. Ltd. | 321,009,000.00 | 10,410.88 | 967 |
18 JAN 2024
QINGJIAN Realty and Forsea Residence topped bids in a government land sale tender for a residential plot in one-North with a S$395 million bid, beating two other groups.
The Qingjian joint venture’s offer was closely followed by a S$385 million bid for the Media Circle site from a joint venture between Intrepid Investments (Hong Leong Holdings), Garden Estates (Hong Realty), TID Residential (Hong Leong Holdings and Mitsui Fudosan).
The last of three bids placed came from CEL Development and Singhaiyi Property Development, which jointly placed a bid of S$321 million.
The winning bid translates to around S$1,191 psf ppr, lower than the S$1,246 psf ppr EL Development paid for the site on which it built Blossoms By The Park. It was also lower than the $1,210 psf ppr that Gao Xiuhua, one of the owners of Kingsford Development, paid for the plot housing the upcoming The Hill @ One North. Both condominium sites are located in Slim Barracks nearby.
The Media Circle site can yield an estimated 355 residential units, with commercial units on the first floor. Located near the one-north office clusters, the 99-year leasehold site is 10,632.1 sq m in size, with a maximum permissible GFA of 30,834 sq m.
The sites at Marina Gardens Crescent and Media Circle are part of the increased housing supply under the 1H2023 Government Land Sales Programme to cater to demand.
30 June 2023
The Urban Redevelopment Authority (URA) has released a White site at Marina Gardens Crescent and a Residential with Commercial at 1st Storey site at Media Circle for sale today under the 1st half 2023 (1H2023) Government Land Sales (GLS) Programme.
Other Details
The tender for the Marina Gardens Crescent site and Media Circle site will close at 12 noon on 18 January 2024.
The Media Circle land plot was announced on 8 Dec 2022 as part of the 1H2023 GLS (Government Land Sales) Programme.
(Read more : Release of first half of 2023 Government Land Sales (GLS) Programme 8 Dec 2022)
This land plot is situated within the One-North area, Singapore's epicentre of innovation and technology.
It is next to the Mediacorp Campus, and a short walk to One-North MRT Station, which is part of the Circle Line.
There are a number of Primary Schools near the Media Circle GLS Land Plot (1km and 2km radius pending final confirmation after land plot has been awarded to Developer).
Primary Schools Within 1km
Primary Schools Within 1-2km
