About Marina Gardens Lane GLS Site
First site in Marina South, located on Marina Gardens Lane, is right near to Gardens by the Bay, another of the locations identified by the government on Tuesday. Construction in the area is scheduled to begin at this location.
Mr Lee Sze Teck, senior director for research at Huttons Asia, has said that despite the vast site, only a few developers may be interested in investing more than $1 billion.
Developers’ “appetite for high-end private residences in the core region” would be “tested”. There will be a variety of retail, commercial, hotel, and residential uses in the 45-hectare Marina South zone, which views out over the Marina Reservoir and the Singapore Strait. The government has estimated a production of over 10,000 dwellings from the area.
Marina Gardens Lane New Condo Location
Among the first buildings constructed in Marina South will be the GLS site on Marina Gardens Lane. Linked with the Marina South MRT station, the location is conveniently close to Gardens by the Bay. Seven hundred ninety-five additional apartments and seven hundred fifty square meters of commercial space are planned for the development. The central business district will benefit from its position, which is ideal for both workers and residents and will help realize the authority’s goal of making the area more prosperous.
The availability of private residences under the GLS program shot up dramatically in the latter part of this year. The confirmed supplier list has increased for the fourth time in a row. As compared to the first half of the year, there is a 25.9 percent rise in the number of private units on the list. This points to the rising interest in property investments in Singapore. There will be a good balance between private and serviced housing provided by this additional supply.
One of the most beautiful views of the Marina Reservoir and also Straits of Singapore can be seen from the Marina Gardens Lane GLS site, which is conveniently positioned near Gardens by the Bay. There will also be a fitness center, tennis courts, and a beautifully designed park.
The Marina district is Singapore’s primary commercial and financial hub, and it is home to some of the city-most state’s photogenic landmarks, such as Marina Bay Sands, the Marina Barrage, Gardens by the Bay, etc.
When it comes to urban revitalization, Marina South is the next big thing because of the increased accessibility and variety of urban living options it will provide.
Potential of the Site
The Marina Gardens Lane location in Marina South, which has the potential to house 795 people, has been predicted to be the most desirable.
Developers who acquire this site Marina Gardens Lane will enjoy the first-mover advantage in the vicinity since it is the first residential site with 4 more coming on the pipeline. Same as homebuyers will also have first-mover advantage as the other 4 projects will definitely benchmark this to have their price guide
