Marina Gardens Lane Residences Price Details
The Marina Gardens Lane Residences is an upscale condominium located in the heart of Marina Bay behind two state governments. The development has excellent connectivity with three MRT stations on four different lines. It is comprised of two residential towers with 1042 upscale dwelling units. The price of the Marina Gardens Lane Residences is expected to be above $900 per square foot (PSF) when completed. To date, over 90% of the Park Tower units have been sold. The Garden Tower will be released soon, and will have even more units for sale.
Residents can expect to enjoy excellent connectivity, with easy access to MRT stations on two nearby lines. Moreover, there will be a future underground pedestrian connection with Raffles Place. Residents will enjoy great views of the city skyline from the Marina Gardens Lane Residences. The development is being carried out by M+S Pte Ltd, a joint venture between Khazanah Nasional and Temasek Holdings.
The Marina Gardens Lane Residences project features a stunning tropical garden with a 13-metre-high waterfall. The green heart also serves as a civic plaza, and provides a tranquil and peaceful environment for residents. The 140,000 square feet of retail, F&B and lifestyle spaces will cater to all lifestyles, with many high-profile brands, including Virgin Active, Cold Storage, Koufu, and Teppei Syokudo, operating foodcourts.
This integrated property development is located in Singapore’s New Financial District and features two residential towers. Both towers are a mirror image of each other, and each block contains 521 units. Marina Gardens Lane Residences comprises a total of 1,042 units, making this an incredible investment. It is expected to cost approximately $600 per square foot, which is higher than many other developments in the city. If you’re interested in a prime location, the Marina Gardens Lane Residences is the project for you.
The site in Marina Bay has been sold for more than S$1.5 billion. One bidder, Boulevard View, put in a bid price of $1,508,101, which is $1001 over the minimum price. Hence, the Marina Gardens Lane Residences Tender Price is significantly higher than the lowest bid. In fact, it is expected that only one developer will win the tender. This is because there are two companies competing for the project, and the price of the project is likely to rise by a couple of hundred thousand dollars.
This new development is part of the Marina South project, which aims to be a live-work-play district for the residents. It’s potential to be a live-work-play attraction is untapped. There are no other projects in the vicinity, but the property is expected to be profitable. The Marina Gardens Lane Residences Tender Price could rise to S$2.4 billion, indicating that it may be a lucrative investment opportunity for the developer.
The Marina Gardens Lane Residences Tender Price could be the first of its kind in Singapore. The IOI Properties Group’s bid for the mixed-use Marina Bay site topped the second-highest tender by $362 million. That is 16.4% higher than the second-highest bid. This is the highest price for a mixed-use development in Singapore and breaks the record set 10 years ago of S$1,409 per square foot. Interestingly, all seven bids exceeded market expectations.