For illustration onlyOne bid decided the outcome: EL Development was the only bidder when the Marina Gardens Lane government land sales tender closed on 15 October 2026, EdgeProp reported. Analysts had expected three to six bids, so one bid fell well short of the range. Question one asks what was offered, and question two asks how the result compares with earlier tenders. The questions below cover what the tender involved and how earlier tenders at the edge of the central business district compare.
Bid data comes from the Urban Redevelopment Authority, and this note leaves out money figures and keeps to counts, percentages and site specifications. Marina Gardens Lane lies in the Marina South precinct, a separate district from the Singapore River area, and the tender history below is the main way to read the response.
What Was Offered for Tender Near Union Square Residences?
The site is a 99-year leasehold of 64,659 sq ft with a maximum gross floor area of 362,122 sq ft, planned for about 390 homes with commercial space on the first storey. That commercial space is capped at 150 sq m (1,615 sq ft) for future residents, and the management corporation takes over once the project completes. The tender was launched on 13 August 2026 and is the third site released in the Marina South precinct. EL Development's managing director said the location offers views, proximity to Gardens by the Bay and Marina South MRT on the Thomson-East Coast Line, and further developments in the area.
- 2021, Marina View: 1 bidder.
- 2023, Marina Gardens Lane, the adjacent plot: 4 bidders, won by a Kingsford Group-led consortium.
- 2024, Marina Gardens Crescent: 1 bidder, a three-firm group, and the Urban Redevelopment Authority did not award the site because the offer was too low.
- 2026, Marina Gardens Lane: 1 bidder, EL Development.
How Does the Result Fit the Pattern Union Square Residences Readers Follow?
EL Development's bid is 11.3% below the Kingsford-led consortium's bid for the adjacent plot in 2023 and 26.3% above the rejected 2024 Marina Gardens Crescent offer, according to one analyst cited by EdgeProp. That analyst said subdued participation reflects a recurring trend for CBD sites, while another said the response reflects a larger supply of government land sales sites, which gives developers a wider range of opportunities. The Marina Gardens Crescent white site, which is the plot from the 2024 tender, could yield about 775 homes. On the adjacent plot, the Kingsford consortium launched the 937-unit One Marina Gardens in April 2025, and it was 38.5% sold over its first weekend. Caveats lodged, as cited by EdgeProp in October 2026, point to about 72% sold at the time of the report.
Union Square Residences is a private condominium of 366 homes in one 40-storey tower on a 99-year leasehold from 11 October 2024, at 28 Havelock Road in District 1. It is part of the Union Square mixed-use redevelopment by City Developments Limited, developed through CDL Libra Pte. Ltd., with commercial space on levels 1 and 2 and architecture by Aedas and ADDP Architects. Clarke Quay MRT is about 380 m away in a straight line, and the location page lists the other stations. The residential component holds BCA Green Mark Platinum (Super Low Energy).
Readers who want unit details can request them from the Sales Concierge on the contact page. Showflat viewings are arranged by appointment through the Sales Concierge.
Source: EdgeProp, 15 October 2026.
General information only, not financial or legal advice.
Source: EdgeProp. This article is independent commentary; Union Square Residences is not affiliated with the parties mentioned.
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The Sales Concierge sends the price list on request, the balance units and the e-brochure for Union Square Residences. Showflat viewings are arranged by appointment through the Sales Concierge.