The 99-year leasehold site at Marina Gardens Lane is a prime location for residential and commercial development. Spanning approximately 131,805 sq ft, this site offers immense potential for creating a vibrant living and business community. With its zoning for residential and commercial use on the first storey, the site can accommodate an estimated 790 residential units and around 8,073 sq ft of commercial space.

Recently, the tender for this coveted site at Marina Gardens Lane attracted significant attention, drawing four competitive bids. Among them, a consortium comprising Kingsford Huray Development (a unit of the renowned Chinese developer Kingsford Group), Obsidian Development, and Polarix Cultural & Science Park Investment emerged as the highest bidder. Their impressive offer of $1.034 billion translates to a land rate of $1,402 psf per plot ratio (psf ppr).

The Marina Gardens Lane project is set to be a remarkable addition to Singapore’s skyline, offering a unique seafront residential experience. Situated in close proximity to iconic landmarks like Marina Bay Sands and Gardens by the Bay, future residents will enjoy unobstructed sea views and the advantage of being pioneers in the prestigious Marina South precinct.

It’s worth noting that the Marina Gardens Lane site is just the first of five parcels in the Marina South precinct to be made available for sale. Not only does this site offer unparalleled views and a prime location, but it also boasts direct access to the Marina South MRT Station and is adjacent to the stunning Gardens by the Bay.

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