First Marina South land parcel launched under government land sales programme
By Tria Dianti
SINGAPORE – The Urban Redevelopment Authority (URA) has launched, for sale by public tender, the first Government Land Sales (GLS) site at Marina South.
In a statement on Monday (5 December), the URA said that the site – for residential with commercial-at-first-storey – at Marina Gardens Lane can potentially yield about 790 residential units. It was launched under the Confirmed List of the second half 2022 (2H2022) GLS programme
The 12,000 sq m site with a lease of 99 years is located next to the upcoming Marina South MRT station.
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Situated next to Gardens by the Bay and Marina Barrage, and overlooking Marina Reservoir and the Straits of Singapore, the 45-ha Marina South precinct has been planned as a mixed-use residential neighbourhood comprising a mix of residential, hotel, retail and office uses.
"When fully developed, Marina South can potentially have more than 10,000 dwelling units, enjoying good access to amenities such as parks, public spaces, recreational options, shops and F&B outlets, as well as community facilities such as childcare centres," the URA said.
"The launch of the first land parcel at Marina Gardens Lane will kickstart the development of this new Marina South neighbourhood," the URA added.
Other sites to be launched later in December
The tender for the Marina Gardens Lane site will close at 12pm on 27 June 2023.
The tender closing for this site will be batched with an executive condominium site at Tengah Plantation Loop and a commercial and residential site at Tampines Avenue 11, both of which will be launched in the later part of December 2022 under the Confirmed List of the 2H2022 GLS Programme, the URA said.
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