New Developments Along the Marina South Stretch of Singapore
Marina Gardens Lane, a prime location along the Marina South stretch of the city, has the potential to be developed into more than seven hundred and fifty residential units. The development is the first residential project of its kind along the stretch, with the potential for a $1 billion investment. The project will include both private and public facilities, and is set to be completed by 2017.
Marina Gardens Lane
The Marina Gardens Lane land parcel is located next to Gardens by the Bay and will be linked to the Marina South MRT station. The precinct is expected to feature a mix of residential, office and retail uses. The project is expected to create more than a million square feet of space with the capacity to build 795 residential units.
The Marina Gardens Lane site has the advantage of being the first residential site in the precinct. Its proximity to Gardens by the Bay and the MRT station make it a prime location. It is expected to fetch at least three to five bids. Its location is ideal for both commercial and residential use, as the development is close to the CBD. Its location also complements the vision of the authority to develop a bustling, cosmopolitan city centre.
The precinct is adjacent to Gardens by the Bay, overlooking the Marina Reservoir and the Straits of Singapore. It will include a mix of office, retail, hotel and residential use. It will also include more public spaces and a diverse range of amenities.
Bukit Batok West Avenue 5
Bukit Batok EC is located in the CBD and is expected to yield 375 residential units. The development is a hybrid public-private venture with a site area of 12,449.3 square metres and a gross floor area of 37,348 square metres. It will also feature a supermarket and food court on the ground floor, as well as childcare facilities. It has excellent transport links and is located a short walk from Bukit Gombak MRT station.
The Bukit Batok EC project is one of the latest developments in the neighbourhood, and will cater to HDB upgraders in the neighbourhood. The project is expected to attract up to 10 bidders and the highest bidder will be paid about $630 psf per plot ratio. However, it is worth noting that this project is not guaranteed to sell out or develop quickly.
The development will have mixed uses, including commercial, residential and hotel. It is expected to be a catalyst for development in the neighbourhood, as it is situated near the CBD and is near public transport.
Tampines Avenue 11
With an estimated land area of just over five hectares, the site is located in a prime location near the future Tampines North MRT station and is walking distance from the proposed Giant Hypermarket and Courts Megastore. In the foreseeable future, the project is expected to be completed by 2022, when the first phase of private homes will launch. The first phase of the project is expected to have about seven hundred and fifty units, capped at 12,000 square metres.
Upon completion of construction, the project will consist of seven contiguous sites, including five private residential plots and one EC site. The remaining four sites are Reserve List sites. Each site will feature a mix of residential, office and commercial spaces. The total area of all six sites is approximately 1.2 million square metres.
The site is adjacent to the Chinese Garden MRT station and can yield up to four hundred and seventy units. The development is expected to provide greater convenience for residents in the surrounding area, with more than 14,000 sq m of commercial space. The site is also nestled in an area with several new EC and public housing projects.
Tengah Plantation Loop (EC)
The second EC at Tengah is set to be launched this December. The EC criteria was established last year. As such, the developer expects the project to receive a good reception. The site will be located in the neighbourhood of Marina South, near the Gardens by the Bay.
The site offers ample space for development. It is close to two MRT stations (Pasir Ris and Tampines Avenue 11) and will yield 495 units. The development will also be close to the River Valley High School and Dulwich College of Singapore. The area also has 12 plots zoned for educational institutions.
The second GLS programme will offer 14 private residential and commercial sites. These sites comprise six Confirmed List sites and eight Reserve List sites. Of the six sites, three have been moved up from the Reserve List to the Confirmed List, and three new sites were added. Together, these fourteen sites will yield 3,505 private residential units, 495 Executive Condominium units, and 14,750 sq ft of commercial space.
Tengah’s plans are aimed at capitalising on the area’s unique identity. These plans aim to provide new recreational and living opportunities. The key features revolve around nature and community. As the first car-free town centre in Singapore, this new development will feature a lush green environment and comprehensive communal facilities.
Bukit Timah Link
There are several new residential sites available in Bukit Timah Link. The Bukit Timah Link site covers 4,611 square meters and could yield 160 units, while the nearby Hillview Rise site covers 10,395.2 square meters and can yield 335 units. Both sites are near the Bukit Timah Shopping Centre and Methodist Girls’ School.
These projects will have mixed uses, including office space, retail and recreational facilities. The area will also have parks and public space. The community will also be home to childcare centers and other retail and service businesses. The first sale site at Marina Gardens Lane will be launched in second half of 2022 to kickstart the development of the Marina South neighbourhood. It will be home to more than 10,000 residents and will include a variety of residential, retail and office spaces.
The Bukit Timah Link Marina Gardens Lane project is one of five sites for new developments. It is part of the GLS programme, and is likely to be a testbed for the expansion of Marina Bay. It is also close to the Marina South station on the Thomson East Coast Line. The development will be car-lite, and its residential and retail mix should prove attractive to potential developers.
The site for Hillview Rise is a good investment opportunity for investors. It has a land area of about 1.03 ha and can yield 335 units. The site is situated in a prime residential enclave, with excellent access to amenities, such as the Hillview MRT station. Besides, it is close to many schools, including the CHIJ Our Lady Queen Of Peace primary school, the Bukit Timah Primary School, and Fajar Secondary School. Also nearby is the Methodist Girls’ School.
The precinct is intended to be environmentally sustainable, with pedestrian-friendly streets and a bicycle network. It will also feature an underground pedestrian network with links to the Thomson-East Coast Line stations. Additionally, there will be elevated pedestrian connections between Marina South and the waterfront developments. In addition, most buildings will be environmentally friendly, with a minimum Green Mark Platinum Super Low Energy rating.
The Bukit Timah Link site is expected to attract six to eight bidders. Top bids are expected to be between S$1,200-$1,300 psf per plot ratio. Its sales price should be around $200 million.
The Lentor Gardens development is set to yield 530 units, spread over 2.18ha. It is located next to the Lentor MRT station on the Thomson-East Coast Line. The site is also near the Cross Island Line, Circle Line, and Downtown Line. The project is expected to open for tender in October 2022.
Lentor Gardens will feature a mixed-use development consisting of executive condominium, private household, and domestic & business sites. The developer expects to launch the first private residential phase of this development in October. The development will consist of 3,505 residential systems and 495 executive condominium units.
A second phase will be launched in the second half of 2022, and will comprise a larger supply of private residential units. This phase will comprise six confirmed list sites, eight reserve list sites, and approximately five hundred hotel rooms. More developers are expected to enter the market in the coming months.
The Lentor Gardens development will offer first-mover advantage. The project is set to be linked to the Marina South MRT station, which will also add to its appeal. The development will also be close to the Gardens by the Bay.