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Urban Redevelopment Authority (URA)
Press Releases

Award of tender for URA sale site at Marina Gardens Lane

11 July 2023

This article has been migrated from an earlier version of the site and may display formatting inconsistencies.

The Urban Redevelopment Authority (URA) has awarded the tender for the site at Marina Gardens Lane to the highest tenderer, Kingsford Huray Development Pte. Ltd., Obsidian Development Pte. Ltd. and Polarix Cultural & Science Park Investment Private Limited.

The site at Marina Gardens Lane was launched for tender on 5 December 2022. The tender for the site closed on 27 June 2023. The site was offered for sale on a 99-year lease term. 

Details of the awarded site and the successful tenderer are provided below:

Table caption

LOCATION

ALLOWABLE
DEVELOPMENT 

SITE AREA 

MAXIMUM
PERMISSIBLE
GROSS FLOOR
AREA (GFA) 

 SUCCESSFUL
TENDERER

TENDERED PRICE
($PSM of GFA) 

 Marina Gardens Lane

 Residential with Commercial 
at 1st Storey

 12,245.1 m2

 68,573 m²

Kingsford Huray Development Pte. Ltd., Obsidian Development Pte. Ltd. and Polarix Cultural & Science Park Investment Private Limited.

$1,034,480,000.00
($15,085.82) 

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