8 February 2024 · ura-pr24-05 · Urban Redevelopment Authority

Tender decisions for URA sale sites at Media Circle and Marina Gardens Crescent

Marina Gardens CrescentNot awarded, returned to the Reserve List Media CircleAwarded

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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.

The tender for the site at Marina Gardens Crescent has not been awarded, as the sole bid submitted by GuocoLand (Singapore) Pte. Ltd., Intrepid Investments Pte. Ltd. and TID Residential Pte. Ltd. is assessed to be too low (see details of the tenders for the sites inAnnex 1 ). The site will now be made available on the Reserve List of the first half 2024 Government Land Sales Programme, to allow interested tenderers to submit applications for the sale of the site with a minimum price that is acceptable to the government.

Details on the Marina Gardens Crescent site can be found in Annex 2 and more information is available on the URA website at

Text as retrieved 18 September 2026 from the Urban Redevelopment Authority release ura-pr24-05, sha256 d1a8348adffe. Site chrome removed; headings, lists and tables kept.

Awards in this release

Media Circle

CNQC Realty (Clementi) Pte. Ltd., parent: Qingjian Realty (South Pacific) Group Pte. Ltd. / Qingjian Group Co., Ltd. and Forsea Residence Pte. Ltd., parent: Soilbuild Group Holdings Ltd / Yanlord Land Group Limited / United Engineers Limited interests (exact shareholding requires registry confirmation): S$395,288,889 (S$12,819.90 psm GFA, about S$1,191 psf ppr derived).

Rank 1 of the bids disclosed at the close of 18 January 2024 (ura-pr24-02). The award references that bid; it does not restate it.

Documents

Press releasePublished 8 February 2024
Tender decisions for URA sale sites at Media Circle and Marina Gardens Crescent
Urban Redevelopment Authority · Retrieved 18 September 2026
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Retrieved at
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ura-pr24-05
AnnexPublished 8 February 2024
Annex 1 to Tender decisions for URA sale sites at Media Circle and Marina Gardens Crescent
Urban Redevelopment Authority · Retrieved 18 September 2026
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Open original source
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2026-09-18 15:39:35 UTC
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ura-pr24-05/pr24-05a.pdf
AnnexPublished 8 February 2024
Annex 2 to Tender decisions for URA sale sites at Media Circle and Marina Gardens CrescentVersion v2
Version v2 of the annex as linked from the release page; the authoritative version. Earlier versions were not supplied and are not in the capture, so supersedes_doc_key is null.
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backed
Open original source
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SHA-256
37e0ffbe7681aaf85efa5bd647c5cb6db56b54254ede1b5437a6b69ae54c4d02
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16,721 bytes
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Retrieved at
2026-09-18 15:39:35 UTC
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v2
Prevo reference
ura-pr24-05/pr24-05b_v2.pdf