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27 June 2023 · ura-pr23-20 · Urban Redevelopment Authority

Tender closing for URA sale site at Marina Gardens Lane

Marina Gardens LaneTender closed

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The Urban Redevelopment Authority (URA) closed the tender for the site at Marina Gardens Lane today.

The site at Marina Gardens Lane was launched for public tender on 5 December 2022.

Please see Annex A for details of the site and tender bids received.

This is not an announcement of tender award. A decision on the award of the tender will be made after the bids have been evaluated. This will be publicised at a later date.

Text as retrieved 18 September 2026 from the Urban Redevelopment Authority release ura-pr23-20, sha256 4f44005580c6. Site chrome removed; headings, lists and tables kept.

Bids disclosed in this release

RankTendererTendered priceS$ psm GFA
1Kingsford Huray Development Pte. Ltd., parent: Kingsford Group, Obsidian Development Pte. Ltd. and Polarix Cultural & Science Park Investment Pte. Ltd.S$1,034,480,000S$15,085.82
2GuocoLand (Singapore) Pte. Ltd., parent: GuocoLand Limited, GuocoLand Assets Pte. Ltd. and Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings LimitedS$727,041,200S$10,602.44
3Providence Properties Pte. Ltd. and CDL Constellation Pte. Ltd., parent: City Developments LimitedS$703,333,000S$10,256.70
4Japura Development Pte. Ltd.S$148,000,000S$2,158.28

Outcomes are not shown here: on the day of this release the tender was pending. The award, when it came, is its own release.

Documents

  1. Press releasePublished 27 June 2023

    Tender closing for URA sale site at Marina Gardens Lane

    Urban Redevelopment Authority · Retrieved 18 September 2026

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    4f44005580c63d95e943217b2d49698a12bfe80975d0d7fdd75db4cb51a88cd1
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  2. AnnexPublished 27 June 2023

    Annex A to Tender closing for URA sale site at Marina Gardens Lane

    Urban Redevelopment Authority · Retrieved 18 September 2026

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    ura-pr23-20/pr23-20a.pdf