- September 21, 2022
The Master Plan for the Marina Gardens Lane GLS Site at Marina South
The master plan for the Marina Gardens Lane GLS Site at Marina South aims to introduce more residential units to the central business district (CBD). The exact number of units will depend on the timescale and demand of the market. The Urban Redevelopment Authority (URA) is keen to create more housing units close to jobs to reduce commute times for workers. The URA is also looking to build more residential units in other neighbourhoods. There are several housing projects currently under study.
Marina Gardens Lane Residences Singapore
Marina Gardens Lane GLS Condo is a mixed-use development with office, retail, and residential space. Its design is inspired by the orchid, the national flower of Singapore. The complex will feature a central garden and stepped gardens that mimic the look of Asian rice terraces. The project won numerous design awards, including Best Mixed-Use Development and Outstanding High-Rise Architecture. The property is designed to create a city-in-a-garden environment, with the aim of promoting healthy living.
Situated near the waterfront and several amenities, Marina Gardens Lane Residences is a convenient place to live in Singapore. Residents will enjoy spacious living spaces with luxurious features, including Jado bathroom fittings, a pole-and-shelf wardrobe in the master bedroom, and Gateman digital lock sets with card access. The complex is also located near a number of MRT stations, including Downtown MRT and Raffles Place interchange.
The location of Marina Gardens Lane Residences is ideal for those who love to live close to business districts and the financial district. It is also easily accessible via public transport, and has access to major expressways. It is also a short commute to Changi Airport and is close to numerous entertainment and shopping venues.
Marina Gardens Lane GLS Condo Location
The Marina Gardens Lane GLS site at Marina South is expected to be one of the first developments in the area. The site is adjacent to Gardens by the Bay and is connected to the Marina South MRT station. The project is expected to provide 795 new residential units and 750 square metres of retail space. Its location is convenient for both commuters and residents and will support the vision of the authority for a vibrant and sustainable CBD.
In the second half of this year, the supply of private homes under the GLS program increased significantly. This is the fourth consecutive increase in the confirmed supply list. The number of private units on the list increased by 25.9 percent compared to the first half of this year. This is an indicator of the increasing demand for Singapore real estate. This new supply will provide a mix of private and serviced residential units in the area.
The Marina Gardens Lane GLS site is located near Gardens by the Bay and has a spectacular view of the Straits of Singapore and the Marina Reservoir. It will also have a landscaped park, tennis courts, and a fitness centre. The project will start selling in the second half of 2022.
Marina Gardens Lane GLS Condo Facilities
The Marina Gardens Lane site in Marina South will be one of the first residential projects launched in the area. Its development will yield up to 795 residential units and 750 square meters of commercial space. As part of the new redevelopment plans for the neighbourhood, the new development will be car-lite and offer spectacular views of the city skyline and Gardens by the Bay.
The government plans to sell seven-hundred private housing units at this site. The mixed-use project will cost an estimated $1 billion. It is expected to attract competitive bids from developers with deep pockets. The government will also closely monitor the property market and economic conditions. Once the project is completed, it will include a hotel and commercial component.
The Marina Gardens Lane GLS site is expected to be sold in the next few months. It is an impressive piece of land in the heart of downtown Singapore. The land parcel is 1.23 hectares and can yield up to 793 residential units. It is expected to be one of the most sought-after parcels in the country, thanks to its enviable location and beautiful views of the Straits of Singapore. Approximately 750 square meters of commercial space will also be built on the site.
Marina Gardens Lane GLS CondoPredictability of demand
In the second half of this year, a new GLS site, Marina Gardens Lane, is being introduced to the market. The new site is adjacent to Gardens by the Bay and will be connected to the Marina South MRT station. The site is expected to sell quickly as it overlooks the Marina Reservoir and Straits of Singapore. The GLS programme releases state land to private developers. This project is expected to generate more than S$1 billion in development costs.
The government has increased the supply of private homes under the GLS programme. As a result, the number of units on the confirmed list has increased by more than 26 per cent. The second half of 2022 is expected to deliver at least 5,500 private residential units and more than 14,750 square meters of commercial space.
The URA has released a revised list of land parcels in the area. This will give developers a better choice of sites to develop. In addition to this, the latest GLS programme has more residential units than the first half of the programme. However, analysts note that the size of the projects could limit the bidding process.