NEWS & EVENTS ONLINE EXCLUSIVE

URA launches tender for a site at Marina View intended for a mixed-use development

Image by MEzairi/Shutterstock

Singapore, 29 June 2021 – The Urban Redevelopment Authority (URA) has launched the White site at Marina View for sale by public tender. It was available for sale on the Reserve List of the first half 2021 (1H2021) Government Land Sales Programme. The site is intended for a mixed-use development with residential, hotel, commercial and/or serviced apartment.

On 10 June 2021, URA announced that it had received an application from a developer for the site to be put up for public tender. The developer committed to a bid price of not less than S$1,508,000,000 in the tender for the site.

The tender for the land parcel will close at 12 p.m. on 21 September 2021. Any tender below the minimum bid price of S$1,508,000,000 will not be accepted. Details on the land parcel is as follows:

Location Marina View
Site Area / Horizontal Cross-Sectional Area Plot 1: 7,817.6 square metres (Land Parcel)

Plot 2: 18.0 square metres (Subterranean Stratum) (1)

Land Use Zoning White site
Maximum Gross Floor Area (GFA) 101,629 square metres

Minimum 51,000 square metres is to be for residential use.

Minimum 26,000 square metres is to be for hotel rooms and Hotel-related uses.

Maximum 2,000 square metres for optional office use. Maximum 2,000 square metres for commercial use.

The remaining GFA can be used for additional residential, hotel, serviced apartments and commercial uses of such types and quantum as the Competent Authority under the Planning Act may approve.

Maximum Building Height Not exceeding 200 metres SHD (2) and 245 metres SHD (2) for roof articulation
Estimated Number of Housing Units (3) 905 units
Estimated Number of Hotel Rooms (4) 540
Lease Period 99 years

Location map; image by URA

– Construction+ Online

Source: URA

(1) Estimated cross-sectional area and subject to cadastral survey
(2) Building height is based on Singapore Height Datum
(3) Actual number of dwelling units provided by the developer may vary
(4) Actual number of hotel rooms provided by the developer may vary