Media Circle
AwardedResidential with commercial at 1st storey. URA sale site, built as Bloomsbury Shoppes.
S$395,288,889
S$12,819.90 psm GFA, about S$1,191 psf ppr (derived). Awarded 8 February 2024 to CNQC Realty (Clementi) Pte. Ltd., parent: Qingjian Realty (South Pacific) Group Pte. Ltd. / Qingjian Group Co., Ltd. and Forsea Residence Pte. Ltd., parent: Soilbuild Group Holdings Ltd / Yanlord Land Group Limited / United Engineers Limited interests (exact shareholding requires registry confirmation)
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ psm of GFA) |
|---|---|---|---|---|---|
| Media Circle | Residential with commercial at 1st storey | 10,632.1 m² | 30,834 m² | 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$12,819.90) |
As listed at the close of 18 January 2024 (ura-pr24-02), with the outcome the award of 8 February 2024 gave each.
| Rank | Tenderer | Tendered price | S$ psm GFA | S$ psf ppr (derived) | Outcome |
|---|---|---|---|---|---|
| 1 | 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 | S$1,191 | Awarded |
| 2 | Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited, TID Residential Pte. Ltd., parent: Hong Leong Holdings Limited / Mitsui Fudosan Co., Ltd. (joint venture) and Garden Estates (Pte.) Limited, parent: Hong Realty (Private) Limited / Hong Leong Investment Holdings Pte. Ltd. | S$385,000,000 | S$12,486.22 | S$1,160 | Unsuccessful |
| 3 | CEL Development Pte. Ltd., parent: Chip Eng Seng Corporation Ltd and Singhaiyi Property Development Pte. Ltd. | S$321,009,000 | S$10,410.88 | S$967 | Unsuccessful |
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
AwardedTender decisions for URA sale sites at Media Circle and Marina Gardens Crescent
Awarded to
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).
Read the press releaseHide the press releaseura-pr24-05
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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
3 bids disclosed
Highest S$395,288,889 (S$12,819.90 psm GFA) from 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)
Read the press releaseHide the press releaseura-pr24-02
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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
Read the press releaseHide the press releaseura-pr23-21
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
- Residential with commercial at 1st storey
- Tenure
- 99 years
- Programme list
- Confirmed List, tender closed[ura-pr24-02/pr24-02b.pdf]
- Site area
- 10,632.1 sqm[ura-pr24-02/pr24-02b.pdf]
- Maximum GFA
- 30,834 sqm[ura-pr24-02/pr24-02b.pdf]
- Estimated housing units
- 355[ura-pr24-02/pr24-02b.pdf]
- Height control
- Overall 36-101m SHD[ura-pr24-02/pr24-02b.pdf]
- Facts as stated on
- 18 January 20242 versions on record: 30 June 2023, 18 January 2024. Each is kept; the one in force on the reading date is shown.
The market when bids closed
When bids closed on 18 January 2024, URA's latest quarterly figures were for 3Q2023, published 27 October 2023, 83 days earlier. The 4Q2023 figures followed eight days after the close. The table carries on through four releases after it.
| Private residential | 1Q2023Apr 2023 | 2Q2023Jul 2023 | On the day3Q2023Oct 2023 | 4Q2023Jan 2024 | 1Q2024Apr 2024 | 2Q2024Jul 2024 | 3Q2024Oct 2024 | Trend | Change3Q2023 to 3Q2024 |
|---|---|---|---|---|---|---|---|---|---|
| Prices | |||||||||
| Private home price index | 194.8 | 194.4 | 196.0 | 201.5 | 204.3 | 206.1 | 204.7 | +4.4% | |
| Non-landed, core central region | 146.6 | 146.5 | 142.5 | 148.1 | 153.1 | 152.6 | 150.9 | +5.9% | |
| Private rental index | 158.8 | 163.2 | 164.5 | 161.0 | 157.9 | 156.6 | 157.9 | −4.0% | |
| Sales | |||||||||
| New homes sold by developers | 1,256 | 2,127 | 1,946 | 1,092 | 1,164 | 725 | 1,160 | −40.4% | |
| Resales | 2,622 | 2,976 | 2,900 | 2,831 | 2,689 | 3,802 | 3,860 | +33.1% | |
| Sub-sales | 243 | 285 | 355 | 411 | 377 | 388 | 352 | −0.8% | |
| Units launched | 1,312 | 2,374 | 2,805 | 1,060 | 1,304 | 634 | 1,284 | −54.2% | |
| Supply | |||||||||
| Unsold, uncompleted, with planning approval | 16,252 | 17,484 | 16,747 | 16,929 | 19,936 | 19,940 | +19.1% | ||
| Pipeline with planning approval | 44,846 | 44,157 | 36,949 | 34,251 | 38,167 | 37,768 | 35,475 | −4.0% | |
| Vacancy rate | 6.0% | 6.3% | 8.4% | 8.1% | 6.8% | 6.1% | held | n/a | |
Each figure is the quarter's own value as URA printed it in that quarter's release, not as later revised. Select a figure to see the annex and page it comes from.
Held back: URA prints the number in more than one place and the table's labels do not settle which one it is, so the archive stores it but does not show it.
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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- cee1544831a41f037381c854afcd70ee0f629e00f2a35bec9c630473711c5c57
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- Retrieved at
- 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
- Source version
- v3
- 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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- Size
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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
- SHA-256
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- 2026-09-18 15:39:34 UTC
- Prevo reference
- ura-pr24-02/pr24-02a.pdf
- 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
- SHA-256
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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
- SHA-256
- d1a8348adffe18d8765aa830f7285415d45defdaa04cab686411850913a4871c
- Size
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- Format
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- Retrieved at
- 2026-09-18 15:39:35 UTC
- Prevo reference
- 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
- SHA-256
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- 2026-09-18 15:39:35 UTC
- Prevo reference
- 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-backedTechnical details
- SHA-256
- 37e0ffbe7681aaf85efa5bd647c5cb6db56b54254ede1b5437a6b69ae54c4d02
- Size
- 16,721 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-18 15:39:35 UTC
- Source version
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- Prevo reference
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