Marina Gardens Crescent
Tender not awardedPlot 1 White site; Plot 2 Open Space; Plots 3 and 4 subterranean link plots. URA sale site.
The tender received one bid, which was assessed to be too low, and was not awarded. The site was made available for application on the 1H2024 Reserve List. Decided 8 February 2024 on the close of 18 January 2024.
Press releases, latest first
Each card is one release on its own date, with its text folded beneath. The latest is first and open.
8 February 2024
Not awarded, returned to the Reserve ListTender decisions for URA sale sites at Media Circle and Marina Gardens Crescent
Not awarded
The tender received one bid, which was assessed to be too low, and was not awarded. The site was made available for application on the 1H2024 Reserve List. The close of 18 January 2024 received 1 bid.
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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
18 January 2024
Tender closedTender closing for URA sale sites at Marina Gardens Crescent and Media Circle
1 bid disclosed
Highest S$770,456,256 (S$10,591.77 psm GFA) from GuocoLand (Singapore) Pte. Ltd., parent: GuocoLand Limited, Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited and TID Residential Pte. Ltd., parent: Hong Leong Holdings Limited / Mitsui Fudosan Co., Ltd. (joint venture)
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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.
Please see Annex A and B for details of the sites 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.
30 June 2023
Launched for tender, Confirmed ListURA launches tender for White site at Marina Gardens Crescent and Residential with Commercial at 1st Storey site at Media Circle
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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.
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.
The sites at Marina Gardens Crescent and Media Circle are launched for sale under the Confirmed List and can potentially yield about 775 and 355 residential units respectively. The total of 1,130 residential units from the two sites form part of the 4,090 residential units to be made available via the Confirmed List of the 1H2023 GLS programme. To cater to demand, the Government has further ramped up the Confirmed List supply of private housing in the GLS programme, by 26% in 2H2023 compared to the preceding half year1. With the 2H2023 supply, the Confirmed List supply of around 9,250 units for the whole of 2023 will be at its highest level in a decade.
Details on the two land parcels can be found in Annex 1.
Other Details The tender for the Marina Gardens Crescent site and Media Circle site will close at 12 noon on 18 January 2024.
More information on the two land parcels are available on the URA website at:
1 The Confirmed List supply of 5,160 residential units in the 2H2023 GLS programme will bring the total pipeline supply of private housing (including ECs) to about 63,500 units, comprising 50,200 units with planning approval and 13,300 units from GLS sites and awarded en-bloc sites that have not been granted planning approval yet.
Site facts
- Selling authority
- URA
- Allowable development
- Plot 1 White site; Plot 2 Open Space; Plots 3 and 4 subterranean link plots
- Tenure
- 99 years
- Programme list
- Reserve List, available for applicationTender closed on 18 January 2024 with one bid, which was assessed to be too low; the tender was not awarded and the site was made available on the 1H2024 Reserve List.[ura-pr24-05/pr24-05b_v2.pdf]
- Site area
- 22,858.9 sqm
- Plot 1, White site: 17,319.2 sqm
- Plot 2, Open Space: 5,410.5 sqm
- Plot 3, subterranean cross-section: 82.7 sqm
- Plot 4, subterranean cross-section: 46.5 sqm
- Maximum GFA
- 72,741 sqm[ura-pr24-05/pr24-05b_v2.pdf]
- Estimated housing units
- 775[ura-pr24-05/pr24-05b_v2.pdf]
- Height control
- High-rise 164m SHD; mid-rise 73.5-130m SHD; low-rise 4 storeys; podium 24m SHD[ura-pr24-05/pr24-05b_v2.pdf]
- Facts as stated on
- 8 February 20242 versions on record: 30 June 2023, 8 February 2024. Each is kept; the one in force on the reading date is shown.
Bids at the close of 18 January 2024
1 priced bid as listed in ura-pr24-02. S$ psm of GFA is the published rate; psf ppr is derived from it.
| Rank | Tenderer | Tendered price | S$ psm GFA | S$ psf ppr (derived) | Outcome |
|---|---|---|---|---|---|
| 1 | GuocoLand (Singapore) Pte. Ltd., parent: GuocoLand Limited, Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited and TID Residential Pte. Ltd., parent: Hong Leong Holdings Limited / Mitsui Fudosan Co., Ltd. (joint venture) | S$770,456,256 | S$10,591.77 | S$984 | Not awarded |
Sources
- Press releasePublished 30 June 2023
URA launches tender for White site at Marina Gardens Crescent and Residential with Commercial at 1st Storey site at Media Circle
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
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- 2026-09-18 14:52:11 UTC
- Prevo reference
- ura-pr23-21
- AnnexPublished 30 June 2023
Annex 1 to URA launches tender for White site at Marina Gardens Crescent and Residential with Commercial at 1st Storey site at Media CircleVersion v3
Version v3 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-backedTechnical details
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- 2026-09-18 14:52:11 UTC
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- Prevo reference
- ura-pr23-21/URA pr23-21a_v3.pdf
- Press releasePublished 18 January 2024
Tender closing for URA sale sites at Marina Gardens Crescent and Media Circle
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
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- 2026-09-18 15:39:34 UTC
- Prevo reference
- ura-pr24-02
- AnnexPublished 18 January 2024
Annex A to Tender closing for URA sale sites at Marina Gardens Crescent and Media Circle
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
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- AnnexPublished 18 January 2024
Annex B to Tender closing for URA sale sites at Marina Gardens Crescent and Media Circle
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
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- 2026-09-18 15:39:34 UTC
- Prevo reference
- ura-pr24-02/pr24-02b.pdf
- 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
Source fact · Source-backedTechnical details
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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
Source fact · Source-backedTechnical details
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- 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-backedTechnical details
- SHA-256
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