The Media Circle Plot 2 GLS land plot was announced on 6 Dec 2023 as part of the GLS Programme for 1H2024.
This is the second land plot to be launched in Media Circle earlier, following the previously launched Media Circle GLS.
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 61,354 sqft, this land plot can yield an estimated 515 condo units.
The Media Circle Plot 2 GLS land plot was announced on the 6 Dec 2023 as part of the GLS Programme for 1H2024.
Read more about the land plots released.
Land Use : Residential With Commercial at 1st Storey
Estimated Site Area : 0.57 hectares (61,354 sqft)
Gross Plot Ratio : 4.2
Estimated Housing Units : 515
Estimated Commercial Space : 400sqm (4,305 sqft)
The Media Circle site will be launched for tender as a dedicated long-stay Serviced Apartments site, under the Serviced Apartments II (SA2) typology. More information on planning guidelines for SA2 developments is available via the circular issued by URA dated 4 December 2023.
See more information for:
30 May 2024
THE Urban Redevelopment Authority (URA) on Thursday (May 30) released two residential sites – one in Margaret Drive and the other in Media Circle – for sale under the first half of the 2024 government land sales (GLS) programme.
Developers are likely to remain conservative in bidding for these plots, as was the case in recent tender exercises, as the housing market slows further, say analysts.
The two land parcels launched for sale are on the confirmed list. Confirmed list sites are launched according to schedule regardless of demand; sites on the reserve list, on the other hand, are put up for tender only when a developer makes an offer acceptable to the government.
The other land parcel along Media Circle in the Buona Vista area will be launched for tender as a dedicated long-stay serviced apartment site with a commercial element on the first floor. It is on a 60-year lease.
At 5,764.3 sq m and a maximum GFA of 24,211 sq m, this plot could provide around 520 long-stay serviced apartments. These apartments are a new rental category introduced last year to help meet short-term supply needs.
Credit : The Business Times
30 May 2024
The Urban Redevelopment Authority (URA) has released two residential sites at Margaret Drive and Media Circle for sale today under the Confirmed List of the first half 2024 (1H2024) Government Land Sales (GLS) Programme.
The site at Margaret Drive can potentially yield 460 residential units, while the site at Media Circle can potentially yield 520 long-stay Serviced Apartments1. These form part of the 5,450 residential units to be made available via the Confirmed List of the 1H2024 GLS programme. To cater to demand, the Government has increased the Confirmed List supply of private housing in the GLS programme to 5,450 units in 1H2024, from 4,090 units in 1H2023 and 5,160 units in 2H2023. This is the highest supply on the Confirmed List in a single GLS Programme since the 2H2013 GLS Programme.
The tender for the Margaret Drive site will close at 12 noon on 1 August 2024, together with an Executive Condominium site at Jalan Loyang Besar. The tender for the Media Circle site will close at 12 noon on 19 September 2024, together with a Commercial & Residential site at Tampines Street 94.
| Site Location (1) | Margaret Drive | Media Circle Plot 2 |
| Site Area | 9,522.3 m2 (2) | 5,764.3 m2 (2) |
| Allowable Development | Residential | Residential (for long-stay Serviced Apartments only) with Commercial at 1st storey |
| Maximum Gross Floor Area (GFA) | 39,994 m2 (3) | 24,211 m2 |
| Maximum Building Height (4) | 164 m SHD | 79 m SHD |
| Estimated Number of Housing Units (5) | 460 units | 520 units |
| Lease Period | 99 years | 60 years |
(1) Margaret Drive GLS, Media Circle Plot 2 GLS
(2) Final site area is subject to cadastral survey
(3) A minimum 500 m2 GFA for childcare centre
(4) Building height is based on Singapore Height Datum (SHD)
(5) Actual number of housing units provided by the developer may vary
The Media Circle site will be launched for tender as a dedicated long-stay Serviced Apartments site, under the Serviced Apartments II (SA2) typology. More information on planning guidelines for SA2 developments is available via the circular issued by URA dated 4 December 2023