The GLS Site at Marina South
If you’re considering developing a condominium in Marina South, you might want to consider the GLS site at Marina Gardens Lane. This site is adjacent to Gardens by the Bay and will be connected to a future Marina South MRT station. It is also adjacent to the Tampines Ave 11 site, which has both residential and commercial potential. HDB has already launched several BTO projects in Tampines North and one EC project there. The GLS programme is a way to free up state land for private development.
Marina Gardens Lane GLS site in Marina South
The Marina Gardens Lane GLS site in Marina South is located next to Gardens by the Bay. It offers a view of the Straits of Singapore and the Marina Reservoir. The site has excellent connectivity, as it is close to major expressways and MRT lines. Upon completion, the development will be a mixed-use neighbourhood with amenities for a variety of living needs.
The site is the first in the Marina South precinct, and is expected to yield 793 units. Its site area is one-and-a-half hectares. Given its prime location near Gardens by the Bay, the site is expected to be popular. The site is expected to open for tender in December 2022.
Developers interested in the project are required to apply for GLS sites, and once the government accepts a minimum price for a site, it will be put up for tender. The government will review the development staging plans for the site, before releasing it for development. The government expects to receive several bids for this mixed development site, including those that cost as much as $1 billion.
Marina Gardens Lane GLS Land parcel size
The Singapore government has raised the land parcel size for the first sales sites in the Marina South precinct. This includes the Marina Gardens Lane site, next to Gardens by the Bay. This site is expected to produce 3,505 private residential units, including apartments and condominiums, when completed. This is a significant increase from the 2,785 units sold in the first half of the year. The site will also have direct access to the new Marina South MRT station.
Developers are expected to be interested in purchasing this land parcel, as it is the first GLS site in the Marina South precinct. The site is adjacent to the Gardens by the Bay tourist attraction and the Marina South MRT station. Once completed, this mixed-use development will encompass a mix of residential, hotel, and commercial uses. In total, the precinct is expected to have more than 10,000 residential units. The land parcel size for Marina Gardens Lane is 1.6 hectares.
While the Marina South site is a prime location, it also comes with a large land premium. Its site size is similar to that of the Tampines Avenue 11 plot, a mixed-use development site that will deliver 1,190 residential units and 14,000 square metres of commercial space. Developers may also opt for the Marina Gardens Lane GLS site if they are interested in investing in a site in Marina South.
Marina Gardens Lane GLS Site Location
The Gardens by the Bay is a nature park in Singapore that covers 101 hectares. It is situated next to the Marina Reservoir and consists of three waterfront gardens. Designed by the French, this park features a beautiful waterscape and several different types of plants. The park is a great place to spend the day and enjoy the sights of the city.
The Marina Gardens Lane site is the first in the Marina South precinct, and is expected to yield up to 793 units. It is located next to Gardens by the Bay and is expected to be popular due to its great location. It also features a stunning view of the Straits of Singapore. It is expected to be available for sale in December 2022.
The GLS site is expected to attract developer interest, despite its price tag. The location is considered one of the most lucrative in the country, and will offer developers first-mover advantage, but it will require a large investment to get started. In addition, the site is adjacent to the Gardens by the Bay area and will have access to a future MRT station. Lastly, the GLS programme has helped free up state-owned land for private development.
Availability of units
The first GLS Site in the Marina South neighbourhood is scheduled for release soon. The government has announced that it will release 795 residential units and 750 square meters of commercial space at the site. This development is expected to kick-start the private residential sector in the neighbourhood. Moreover, it is expected to be a car-lite neighbourhood with amenities to support a healthy living environment.
Aside from this, there will also be the launch of five private residential sites under the GLS programme. These sites will include one Executive Condominium. The remaining sites will be mixed-use and commercial. The sites have been upgraded from the Reserve List to the Confirmed List. The Marina Gardens Lane site is one of the five private residential sites, while the commercial and residential site will be on Tampines Avenue 11. This development will yield approximately 3,505 private residential units and 495 Executive Condominium units.
This site is located near the Gardens by the Bay precinct and will be linked to the Marina South MRT station. Its prime location will allow for panoramic views of the Straits of Singapore and the Marina Reservoir. As such, it is expected to be one of the most sought-after parcels in the country.