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Urban Redevelopment Authority (URA)
Press Releases

Tender award for URA sale site at Marina Gardens Lane

26 October 2026

  1. The Urban Redevelopment Authority has awarded the tender for the site at Marina Gardens Lane to EL Development Pte Ltd.

  2. The site at Marina Gardens Lane was launched for tender on 13 August 2026. The tender for the site closed on 15 October 2026. The site was offered for sale on a 99-year lease term.

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

Details

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

6,007.4 m²

33,642 m²

EL Development Pte Ltd


$450,100,000.00 ($13,379.11)