URA land sales / award
At a glance
- URA awarded the 99-year Marina Gardens Lane parcel to EL Development Pte Ltd at a tender price of S$450.1 million.[1]
What was announced
URA confirmed the award of the Marina Gardens Lane land parcel to EL Development Pte Ltd. The successful tender price was S$450.1 million, according to the authority’s award notice.[1]
The 6,007.4 sq m parcel allows residential use with commercial space on the first storey. Its maximum permissible gross floor area is 33,642 sq m. The site was offered on a 99-year lease. Its tender launched on 13 August 2026 and closed on 15 October 2026.[1]
Why it matters
The award identifies the successful land bidder. Land cost alone does not establish future apartment selling prices, a launch date or a completion schedule; those require separate project announcements.
Sources & further reading
- Marina Gardens Lane site awarded to EL Development for S$450.1 million ↗Urban Redevelopment Authority · 26 Oct 2026 · Accessed 1 Nov 2026
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